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 →
Panjiva Daily: Batteries, not Segway Ninebot the CES star; Mexico prunes its oil hedge January 7, 2020 The CES event will include a range of mobility devices from Segway Ninebot, but it’s lithium ion batteries – where U.S. imports are surging – that are more important. Mexico has accepted a lower oil price hedge in 2020 after exports dropped in 2019. Also: Giant, Trek have made tracks out of Ch... Read more →
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