Tag

Bicycle Industry

All articles tagged with #bicycle industry

world3 months ago

US Customs bans Giant Bicycles over forced labor concerns in Taiwan

US customs officials are blocking imports of Giant Bicycles from Taiwan due to allegations of forced labour, including debt bondage, in the company's supply chain. Investigative journalist Peter Bengtsen has documented migrant workers' vulnerabilities and high recruitment fees, raising concerns about labour practices in Taiwan's bicycle industry. Giant Bicycles denies wrongdoing and plans to contest the import ban, which highlights ongoing issues of forced labour and international trade regulations.

business2 years ago

"Black Friday 2023: Deep Discounts on E-Bikes, Power Stations, and More!"

The bicycle industry, which has experienced a tumultuous year, is heavily discounting products for Black Friday in an effort to dig out of a financial hole caused by excess inventory and a decrease in consumer purchasing power. Many companies are struggling with excess stock, while others are riding the wave of holiday consumerism. The discounts may be a last-ditch effort for some companies to achieve profitability before the end of the year. However, the industry hopes for a successful season of sales to ensure financial sustainability.