Fireworks in short supply in the ArkLaTex ahead of 4th of July
SHREVEPORT, La. (KSLA) - There is currently a national fireworks shortage, and businesses in the ArkLaTex are feeling the strain too.
Those who sell fireworks say the supply this year is very limited. The owner of Uncle Sam’s Fireworks, Wayner Reed, says the price of fireworks has gone up by about 50% to 65%. He says demand is high right now but supply is low, so he encourages those anxious to celebrate the holiday to get their fireworks early.
“China raised their prices and shipping has more than doubled,” Reed said.
Therefore, they received less merchandise this year. He said customers will be impacted by prices.
“Last season we were giving a 20% discount. We cut that back to 10% and I didn’t want to do that but I have no choice,” he said,
According to Statista, 94% of fireworks come from China. IHS Markit shows last year in the U.S., 255 million pounds of fireworks came from overseas. Companies ordered even more this year but got much less.
“They lost, I think it was approximately 80 to 100 containers fell off the ship coming over and the people we buy from, 19 of those containers were destined for fireworks and didn’t get them. And we can’t get them because they are on the bottom of the ocean,” he explained.
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