Dorel, Dynacraft ride COVID-19 demand for bicycles; supply chains still tight August 18, 2020 Demand for bicycles in the U.S. has been strong in the wake of COVID-19 with Giant and Dorel reporting sales growth of 22.9% and 8.1% year over year respectively in Q2. Dorel’s CEO, Martin Schwartz, has stated “we could have sold more bikes had we had them” and that “in-store inventory remains... Read more →
Giant, Trek cycle shipments fall behind as demand sprints ahead May 20, 2020 U.S. sales of bicycles may have risen by as much as 35% year over year in 2020 as people look for alternatives to gymnasium exercise during COVID-19. Yet, U.S. imports of bicycles have not responded to a surge in demand, suggesting domestic manufacturers may be reaping the benefits. U.S. impor... Read more →
Tariff Quote Watch: Giant Shifts To a Higher Gear as Tariff Costs Rise September 10, 2019 The bicycle manufacturing industry is facing a variety of challenges from U.S. tariffs on Chinese exports. Guardian Bikes’ CEO, Brian Riley, has stated the “biggest challenge is cash-flow planning” and that adapting supply chains can “take years and millions of dollars of investment”. Tariffs ... Read more →
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