Giant Foreshadows Delayed Economic Recovery

By Scott Green | 23rd March 2023 |
Giant Group’s exhib at Eurobike 2022.

Taichung City, Taiwan Inventory issues and the “headwind of economic outlook” will continue to affect short-term revenue and earning performance in the global bicycle industry, Giant Group declared in its 2022 financial year report released this month. The Taiwanese company says the bike market’s balance of the supply and demand is yet to normalise, although…