McKinsey-WFSGI study reports industry braces for headwinds
ZURICH, Switzerland - Rising costs, the looming threat of larger recession, low consumer confidence and continuing operational challenges are set to...
Specialized re-organisation also impacts European operations
MORGAN HILL, US – The announcement that US brand Specialized is saying goodbye to 8% of its global workforce, is a new sign that the bike industry...
Halfords Q3 results show trend reversal in UK bike sales
REDDITCH, UK – In its latest financial statement, UK bicycle retailer Halfords reports that cycling sales have dropped to pre-covid levels. Despite...
Stock markets see drastic correction after high rise during pandemic
MUNICH, Germany – The events of 2022 had a huge impact on financial markets; it was a disastrous stock market year. The pandemic was barely halfway...
2022 comes to an unnerving close for the bike industry
ZEIST, The Netherlands – 2022 continued on a high for e-bike and bicycle manufacturers and retailers as the pandemic continued to push demand. But as...
Giant’s inventory problem raises an industry-wide problem
TAICHUNG, Taiwan – It was not supposed to be discussed in public, but the letter Giant sent to its suppliers asking for payment postponement was...
What’s in store for the delivery e-bike industry?
LONDON, England – They’ve been an unmistakeable sight in cities across Europe this year – delivery e-bikes. Whether for consumables or household...
Online Magazine: Sustainability becomes leading in production
For a long time the bicycle industry has been able to rely on the fact that cycling itself is considered sustainable, but that is changing....
E-bikes now account for 10% of global bicycle sales
BRUSSELS, Belgium - Global bicycle sales in 2021 reached 96 million units, while the booming pedal-assisted e-bike sales are estimated at 9.7 million...
Rethink needed for US bicycle industry as ‘golden age of...
NEW YORK, USA – When the pandemic started in March 2020 the US bicycle business was fully import dependent. 95% of all bicycles sold in the country...