There's an oversupply of COVID-19 tests

At times last year, there were not enough COVID-19 tests to go around in the U.S. Now there are too many. “We are not in a position of normal market dynamics, and we’re finding that these surges are making forecasting very difficult for everyone,” said Sean Parsons, CEO of Ellume. “Retailers have a whole lot of product that is sitting on shelves and that is not moving.”