I live in NY. New laws in NY now restrict ammo transactions and will eliminate internet sales of ammo and components as soon as the NY ammo background check system is established (setup)....
...so YES - the scare that is causing the ammo and ammo component shortage is VERY REAL AND JUSTIFIABLE!
Similar ammo restriction laws are being considered in Colorado, NJ, Mass., CT, Maryland and other states.
If you are not scared about the restrictions on ammo and ammo components you probably live in Texas. ...the rest of the country is justifiably scared because enactment of new restrictive gun and ammo laws are happening all over.