Demand outpaces local bicycle makers

O2O BICYCLE SHOW: The Taiwan Bicycle Show next year is to be online to offline, with forums, audio-visual conferences and livestreaming of the offline events

Taipei Times
Date: Sep 16, 2020
By: Angelica Oung / Staff reporter

From left, Giant Manufacturing Co chairwoman Bonnie Tu, Taiwan External Trade Development Council president and chief executive officer Walter Yeh, Merida Industry Co chairman Michael Tseng and KMC (Kuei Meng) International Inc chairman Robert Wu are pictured at a media preview for the Taipei Cycle Show in Taipei yesterday.
Photo: CNA

Local bicycle makers expect demand to continue outpacing supply due to orders triggered by the COVID-19 pandemic, with some companies seeing orders back up through next year.

“Next year is all full in terms of orders. Our lead time on components is one year,” Giant Manufacturing Co Ltd (巨大機械) chairwoman Bonnie Tu (杜綉珍) told a news conference in Taipei organized by the Taiwan External Trade Development Council (TAITRA) to announce next year’s Taipei Cycle Show.

The pandemic has reduced bicycle supplies and increased demand around the world, Robert Wu (吳盈進), chairman of KMC (Kuei Meng) International Inc (桂盟國際), one of the world’s biggest bicycle chain makers, told reporters.

“Understand that from February to May all of the bicycle-making countries in the world were effectively at a standstill, with only a two-month supply of components at hand — this caused a massive shortage,” Wu said.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.