Helium Shortage Leaves Dollar Tree And Party City’s Balloons Deflated

True Pundit May 31, 2022

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Retailers from Dollar Tree to Party City are warning about a helium shortage. There’s even a shortage of the gas, produced when Uranium decays, to fill weather balloons for the National Weather Service (NWS).

The US, Qatar, and Algeria are the world’s top helium producers. Due to supply chain disruptions, including production plant closures and the 2017 embargo on Qatar, supplies have tightened.

Dollar Tree officials warned Thursday that “once again” a helium shortage will impact balloon sales in a quarterly earnings call.

“Currently, helium demand is greater than supply, so our stores are finding themselves temporarily out of helium from time to time as they wait for new deliveries. We know this can be tricky when getting ready for a party, and we are very sorry for the inconvenience,” Dollar Tree said in a statement on its website.

Earlier this month, Party City CEO Brad Weston told investors on a quarterly earnings call about the shortage of the odorless gas. – READ MORE

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