Independence Day celebrations may not be as spectacular this year as some may have hoped due to logistical and supply constraints causing a fireworks shortage worldwide.
People looking to purchase fireworks for the Fourth or for future pyrotechnic celebrations should stock up, Stephen Pelkey, CEO of Atlas PyroVision Entertainment Group, told Yahoo Finance Live.
“The only way to get around [the shortages] is if you’re going to need fireworks brooks shoes for the Fourth of July, buy it early, if you’re going to need fireworks in August or September, buy it now,” Pelkey said. “Because there may not be those items or even any of the particular items that you’re really interested in.”
Atlas PyroVision Entertainment, the largest professional fireworks display company in New England, specializes in computer designed and electronically fired displays for municipalities, sporting events, and private venues.
Pelkey said the fireworks industry experienced a record increase in consumer fireworks sales in 2020, nearly doubling from $900 million in 2019 to $1.8 billion in 2020. “So naturally, you’re going to have a disruption of having a lot of those companies try to resupply at those levels,” he said.
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