4 Articles
4 Articles
MarketWatch
BizTocParty balloons could become a ‘luxury’ as the Iran war spurs a helium shortage
Dollar Tree says a helium squeeze has hit sales of balloons and party supplies. Researchers note this could foreshadow higher costs for other industries that depend on the gas.
Helium has become in short supply after the war in the Middle East -- and that's hitting sales of party balloons. US discount chain Dollar Tree lost nearly 150 million kronor in revenue last quarter due to the ballooning shortage.
The helium shortage caused by the Iran war is already hitting ordinary consumers, as discount chain Dollar Tree reported a loss of about $15 million in revenue in the second quarter due to a drop in balloon sales, according to Marketwatch. Meanwhile, experts warn that further price increases are expected in gas-dependent industries, from healthcare to semiconductor manufacturing.
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