For the second time in a decade, demand for ammunition has outstripped supply in the United States. The first ammunition bubble was from 2012 to 2017. The next started in 2020.
Ammunition manufacturers have increased their capacity. In the face of increased demand, it has not been enough. Ammunition plants are running 24/7 to make profits while demand is high. Shortages still exist in the United States. Common calibers have disappeared from store shelves. Prices have risen. Panic buying and purchasing for private stockpiles have increased.