Share this contentPARIS: Cycling is booming across the globe as people seek to avoid crowded buses and trains on their commute in the wake of the COVID-19 pandemic – or get back into shape after long months of lockdown.
"I was looking for a specific bike and had given myself a month to buy one, but it's not available anywhere," he said. And in the United States, sales of bikes have exploded, with online purchases alone skyrocketing in May by 5,000 per cent over the figure for the same month last year. Moreno Fioravanti, secretary general of the European Bicycle Manufacturers' Association, said the industry has"lost three months of production of components, and our stockpiles were used up in only two months".Pancho Pimentel, marketing chief for Summit Bicycles, which has five stores in California, said"there are shortages everywhere, from bike brands to parts".
The world's leading manufacturer, Taiwan-based Giant, saw its European sales increase by 140 per cent year-on-year in June, driven in particular by sales of e-bikes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spain's Industry Minister says there is 'hope' about Nissan Barcelona closureSpain's Industry minister Reyes Maroto said on Wednesday that the government was making progress in convincing Nissan to reconsider closing its ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Retrenchments in tourism industry are 'inevitable' without resumption of mass market travel: Chan Chun SingSINGAPORE: Job losses in the Singapore tourism sector are 'inevitable' without mass market travel, but the Government will work with businesses ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bosch launches new training programme to help manufacturing industry prepare for futureSINGAPORE - Manufacturing firms and workers will get more help in preparing for the factory of the future, with a new programme developed by German giant Bosch, which aims to train about 1,500 workers and support 300 companies in the next five years.. Read more at straitstimes.com. SingaporePoly Awesome
Source: The Straits Times - 🏆 8. / 63 Read more »
BCA to get new CEO in November as it oversees an industry in transitionSINGAPORE - Come November 2, the Building and Construction Authority (BCA), which has gained new importance as the go-to agency for construction firms amid Covid-19, will have a new chief executive officer.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Adobe, IBM team up on marketing software for banking industryAdobe Inc and International Business Machines Corp said on Tuesday they are teaming up to make marketing software easier to use for banks that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »