News
Australia’s Richest Partner Invests in Bike Industry
Think of Australia’s richest people and Gina Rinehart, Andrew ‘Twiggy’ Forest and Clive Palmer might come to mind. They are certainly in the mix at numbers one, two and seven on the Australian Financial Review’s 2021 Rich List, with Gina topping the bill at $31 billion. But two relatively young business partners actually combine for…
BikeExchange Reveals Strong Growth for 2020/21
BikeExchange is one of a very small number of Australian bicycle industry related companies that is publicly listed on the Australian Stock Exchange (ASX). This requires them to regularly publish detailed financial statements and reports outlining any significant changes to staffing, operations and any other changes that may materially impact their financial performance. As we…
Have 3D Printed Bicycle Frames Finally Become a Viable Reality?
In global engineering and manufacturing, 3D printing has been big news for quite a while. In the case of bicycle frames, this means rather than joining pre-made tubes together with some form of welding or gluing, the entire frame is built from scratch in one process, by adding many fine layers in quick succession of…
Giant Announces Huge Growth and New Factory in Vietnam
Despite supply constraints, container shortages and unfavourable exchange rates, Taiwan’s leading bicycle producer, Giant Group, reported strong sales results for the first half of 2021. Giant also demonstrated their commitment to further growth in the long term by announcing the construction of a new automated e-bike factory in Vietnam. Giant Group made total consolidated sales…
Stranded Aussie Makes It Back from Taiwan
You may have seen this interview we ran in July with Australian bicycle engineering and manufacturing expert Aldo Contarino. Aldo, who lives in Perth where he runs a workshop and consultancy called Quantum Bicycles, was stranded in Taiwan through their biggest covid wave due to the extreme shortage of flights back to Australia. He was…
Scott Green Joins The Latz Report
I’m thrilled to announce that Scott Green has joined The Latz Report in the role of Journalist / Editor. Scott has been a journalist, editor and communications professional for three decades, as well as a dedicated cyclist since his first bicycle brought him freedom as a child. He has raced as an elite triathlete for…
10 Tips to Help Your Store Through Lockdown
As we compile this article during the second half of August 2021, more bicycle shops in more states and territories face tougher restrictions than at any time since the start of Covid restrictions in Australia 18 months ago. Here is a brief summary, focusing only on the restrictions specifically related to the bicycle industry. In…
It’s Official – 2020/21 was a Record Year for Bicycle Imports
In news that would hardly surprise anyone, we can now confirm that the 2020/21 financial year broke the all-time record for bicycle imports into Australia. Unfortunately, we still don’t collect national bicycle sales data, but given that there’s very little local manufacture and that stock levels are still low, particularly at the importer/wholesaler level, then…
Global Bike Manufacturers are Still Booming
With more bicycle companies than ever now publicly listed and required to post regular financial reports, it’s plain to see that the bike industry boom is showing no signs of slowing up just yet. Despite covid-induced logistical challenges such as factory closures or restrictions and shipping issues, most are increasing their production. Shimano In its…
Sustainability Report Lifts the Lid on Bike Industry
Many bicycle industry members feel good about the idea that they’re selling environmentally sustainable products. But exactly how environmentally friendly is the process of manufacturing, distributing and selling bicycles? Trek Bicycles have just released their first annual Sustainability Report, which answers some of these questions. In his introduction to the report, Trek’s President, John Burke…