The new crown epidemic has not had a significant adverse impact on lookah water pipe.
by linbin on May 27, 2020
Since the lookah water pipe health crisis occurred last summer, the sales of such companies have been rebounding after a significant decline. At the same time, it is reported that although the outbreak of COVID-19 may have a great impact on consumer behavior and supply chain, the sales have basically returned to normal.
Headset, a Seattle-based data analysis company, found that the four U.S. markets it tracks (California, Colorado, Nevada and Washington State) all saw their market shares decline after the outbreak of the lookah water pipe health scare. The downward trend stabilized from the end of September to the beginning of October last year. However, since the outbreak of COVID-19, some companies that produce and sell lookah water pipe said that even though COVID-19 is a respiratory disease that may cause a drop in sales, consumers have not reduced their purchases of such products.
Akerna is a denver-based technology company that tracks data in the lookah water pipe domain. Jessica Billingsley, chief executive of Akerna, said, "we have not seen a significant decline at present." According to Billingsley, the company found that the market share of lookah water pipe sales has increased from 31% to 34% in total sales since August 2019. "Overall, since October 2019, sales have continued to grow slowly by 2 percentage points per month," she said.
The outbreak of coronavirus did not have a great impact on the market. Even at the beginning of the pandemic, the sales volume of lookah q8 products increased by more than 9%.
Platinum is a San Diego-based company that sells lookah q8 products in Michigan and Oklahoma. In the face of the recent coronavirus outbreak, its co-founder George Sadler said that sales had increased in recent weeks, especially the disposable lookah q8. The company bought a large number of "ink cartridges" for the core components of lookah q8 from China in advance, and now manufacturers in Asian countries have resumed operations. Sadler expressed confidence in maintaining stable supply.
Jim Makoso, vice president of Seattle-based Lucid Oils, said that after the outbreak of the health crisis, the related businesses had resumed about 85%-90%. At present, lookah glassbone review is still a popular product in seattle. Although he is worried about the prospect of economic recession after the outbreak of COVID-19, the continued economic downturn may lead consumers to buy less frequently or cheaper products. But he does not believe that this respiratory disease will prevent consumers from buying such products. Meanwhile, the supply chain from China has been able to deliver goods, although it will take longer.
Bobby Burleson, analyst at Canaccord Genuity, based in toronto, pointed out that lookah water pipe would benefit from the recent increase in demand for retail marijuana in many parts of the united states. He pointed out that such products have lower inventory management requirements and longer shelf life than hemp products such as hemp flowers. Burleson believes that this means that consumers may eventually buy more lookah glassbone review products.
Peter Calfee, chief executive officer of denver-based high-tech marijuana inhaler maker Gofire, said his company experienced a decline in sales of lookah glass bone review last fall, but recently the industry has seen a rebound in sales of lookah glassbone review. He added: "It has dropped a lot over the past few months." "But it seems to have fully recovered." The outbreak of COVID-19 did not cause any problems to the company's supply chain. He also said that China's factories were "speeding up" and did not expect further disruption to the supply chain.