[Atlas Sneezed]

I’m surprised there aren’t entrepreneurs & manufacturers jumping in to make ammunition — perhaps even looking at the whole process itself to find a better/cheaper way to produce it (ground-up analysis/design).

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The problem for new market entrants is that the components and supplies are hard to get. If primers are all being consumed by the large makers, then no one else can enter the market. (And powder, brass, and bullets are also a factor).

[OneWingedShark]

The problem for new market entrants is that the components and supplies are hard to get. If primers are all being consumed by the large makers, then no one else can enter the market. (And powder, brass, and bullets are also a factor).

That's part of the from the ground up I mentioned: look into making primers and how to do it more effectively than current processes. I don't imagine there's a lot that bullets can be refined on, but what about casings? What about gunpowder manufacture?

If you can hit on making any of those components more effectively than current processes then because they are in demand you have an edge.
Of course this is all much easier said than done; I certainly don't have the technical expertise or financial resources to do it.