Retail News

Missing part keeps bicycles from shipping for months

The New York Times 08/23/2021

Catrike, which makes three-wheeled bikes for adults, is sitting on shipping 500 of its units because it has been waiting months to receive a part that it sources from a factory in Taiwan. “We’re sitting on $2 million in inventory for one $30 part,” said Mark Egeland, the company’s general manager.

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