Geopolitical conflicts have sparked unprecedented demand, according to Vista Outdoor
A scarcity of global gunpowder supplies could trigger a substantial increase in ammunition prices, US company Vista Outdoor has warned, according to a Newsweek report.
The Minnesota-based firm, which owns several firearms businesses, told the magazine last week that it would go ahead with an across-the-board increase of its ammunition and gunpowder prices on January 1.
“Due to world events our suppliers have notified us of unprecedented demand for and an anticipated global shortage of gunpowder, and thus has increased our prices substantially,” Vista Outdoor’s vice president of sporting product sales, Brett Nelson, was quoted as saying in a letter. “We must therefore raise our pricing to help offset those increases.”
Vista Outdoor also told customers that unless they cancel a delivery, the firm will reprice “existing and future orders shipped on or after January 1, 2024, to the new prices.” Revised price lists will be provided in the coming weeks, according to Nelson.
The report indicated that among the companies expected to increase prices are Remington, Alliant Powder, CCI, Federal, SEVI-Shot, and Speer.
Ammunition prices spiked during the Covid pandemic amid soaring sales and disrupted supply chains.
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