No more red balloons: Nebraska suspends touchdown celebration due to global helium supply shortage
USA TodayJUL 2022
Party City's bankruptcy is a victim of the toll of the COVID pandemic. From stressed supply chains to fewer in-person gatherings, yet another business has fallen victim to disruption, lockdowns, and economic effects. This shows that some companies just won't be able to recover.
The Party City bankruptcy is a canary in the coal mine of a more serious issue — the global helium shortage. Not only had the shortage been brewing for years prior, but the Russian war in Ukraine squeezed supplies even more. This could next impact the medical sector and strain vital procedures like MRIs.