My impression is that there's not as much ammo out there as we'd like to believe.
I wish I'd posted it when I first encountered it, but a few years ago, I read an article about how the U.S. military was having a hard time keeping 5.56mm and 7.62mm ammo in stock- it was right after "The Surge", I believe. The military was having to purchase ammo off-the-shelf on the civilian market to make up for shortfalls. Recent articles have claimed that the U.S. is currently running very low on air-dropped munitions. Supply simply hasn't kept up with demand.
Also, after the Sandy Hook elementary school mass shooting, it was really difficult for civilians to find .223 or 5.56mm ammo as there was a panic run on many calibers of small arms ammo ("Oh no! Obama's coming for our guns now!"). I pretty much gave up on hobby shooting at that time. In fact, in one of the saddest phenomena in my country, this sort of thing happens after nearly every mass shooting, and firearms sales skyrocket.
So, from this anecdotal evidence, I think ammo would quickly become scarce in a major national crisis (World War, Zombacalype, etc.). Yeah, there'd be pockets of supply, but they'd be few and far between. I always laugh when folks go full auto on TWD, especially in later seasons. Wishful thinking, at best.
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