US vape market starts to pick up
Yesterday, I received news from a large and medium-sized vape manufacturer that the US vape market began to pick up, and the number of US vape orders received was increasing. Some time ago, I worked 8 hours a day from Monday to Friday. There was no overtime. Now I am a bit busy and the employees have overtime.
Since the United States began to ban perfume e-liquid and vape sales in 2019, the vape crackdown has suffered an unprecedented blow. To make matters worse, many countries have also quickly followed up the US ban on vape policies, and even stricter For example, in China, the online sales of vape and e-liquid products have been banned since November, and even the offline sales of vape products have been troubled by various regulatory authorities. 2019 is the most difficult day for vape and e-liquid manufacturers. Order cancellations, unsmooth shipping, and unclear policies, the entire vape industry is facing great pressure to survive. It seems to be picking up. There are three reasons for the recovery of the US vape market:
1. On November 8th, 2019, the US Centers for Disease Control and Prevention (CDC) updated the progress of investigations on outbreaks of lung disease, and vape is finally free from being hacked. The CDC issued a statement that the outbreak of lung disease is not directly related to vape, and the evidence of lung damage is all directed to tetrahydrocannabinol (THC) and a potential toxin, vitamin E acetate. This enhances market confidence!
2. Considering the US vape employment and votes, Trump shelved the seasoning vape ban on November 4; on November 22, he invited vape companies, vape associations, medical associations, and state government officials to the White House Start a conversation. Although the White House dialogue did not have a clear result, the American vape Technology Association VTA defended the vape at the meeting and deepened the understanding of vape in all walks of life.
3. Today is December 3, only 20 days before Christmas. In the past, Christmas was the peak shopping season. Once Christmas is approaching, manufacturers are busy to fly. This year's lung disease incident and seasoned vape ban incident have had a great impact on vape. Orders have been deeply affected, but part of the suppressed demand has been released.
However, the overall situation of the industry should not be too optimistic. The problems of inventory backlogs and order declines are still very serious.