High demand for bikes during pandemic

One sector of the economy skyrocketted when the pandemic hit - the bike industry.

If you're in the market for a new 2-wheeler, it may be months before you can get one now.

ONE SECTOR OF THE ECONOMYSKYROCKETED AS THE PANDEMICHIT.DEMAND FOR BIKES IS NEARINGALL-TIME HIGHS!

BUT IF YOU'REIN THE MARKET FOR A NEWTWO-WHEELER...SCRIPPS REPORTER ASH-HARQURAISHI SHOWS US HOW IT MAY BEMONTHS BEFORE YOU GET ONE.BICYCLES SEEM TO BEEVERYWHERE THAT IS UNLESSYOU'RE TRYING TO BUY ONE NATAT EDGEBROOK CYCLE & SPORT INCHICAGO BIKES HAVE BECOME AHOT COMMODITY DURING THEPANDEMIC SOT JIM KIRSTEN -OWNER, EDGEBROOK CYCLE 16:21:30"IT HAS BEEN OFF THE CHARTS.IT'S UNPRECEDENTED." SO MUCHSO, THAT THERE'S A CRITICALSHORTAGE.SOT JIM KIRSTEN - OWNER,EDGEBROOK CYCLE 16:21:36 "WEHAVE ABOUT 10 PERCENT OF OURUSUAL INVENTORY AND OUR SERVICEWORK WHICH YOU SEE KIND OFSURROUNDING ME HERE IS ABOUT300 PERCENT WHERE IT NORMALLYIS." IN FACT, BIKE RACKS ATRETAIL GIANTS LIKE WAL-MART,TARGET AND DICK'S ARE ALMOSTCOMPLETELY BARE ONLINEVENDORS LIKE TORRANCECALIFORNIA- BASED SIXTHREEZEROSAY DEMAND FOR THEIR BIKES HASJUMPED 800%.THEY'VE HAD TO TRIPLE THEIRSTAFF TO HANDLE THE INCREASEDINTEREST.HTTPS://WWW.SIXTHREEZERO.COM/GRAPHIC: APRIL SALES FORTRADITIONAL BIKES, INDOORBIKES, AND OTHER ACCESSORIESGREW BY 75% COMPARED TO THESAME TIME LAST YEAR ANDREACHED $1 BILLION DOLLARS FORTHE FIRST TIME IN A SINGLEMONTH.SOURCE: THE N.P.D.GROUP STAND-UP INDUSTRY EXPERTSSAY COMMUTERS ABANDONING PUBLICTRANSPORTATION, GYM CLOSURESAND BOREDOM HAS CREATED APERFECT STORM.TODAY'S BIKE BOOM THEY SAY ISONE NOT SEEN SINCE THE OILCRISIS OF THE EARLY 1970'S.SOT JAY TOWNLEY - HUMAN POWEREDSOLUTIONS AND SPENT MUCH OF HISBIKE SALES BICYCLE REPAIR HASSKYROCKETED.THERE IS A LOT OF SHOPS IF YOUCALL AROUND THE SHOPS IN YOURAREA YOU'LL FIND A LOT OF THEMARE WEEKS OUT FOR REPAIR."TOWNLEY SAYS THE U.S.BICYCLE MARKET IS IMPORTDEPENDENT - WITH MORE THAN 90PERCENT COMING FROM CHINA.PUNITIVE TRADE TARIFFS, SUPPLYCHAIN DISRUPTIONS ANDLACKLUSTER 2019 SALES CAUGHTMANUFACTURERS OFF GUARD ANDFORECASTS DIDN'T PREDICT THEINCREASED DEMAND ACCELERATED BYTHE PANDEMIC.SOT JAY 10:34 "NOW WE'RE IN APHASE WHERE WE'RE TRYING TO GETTHAT PIPELINE TO REPLENISHTHOSE INVENTORIES AND THAT'SGOING TO BE EXTREMELY DIFFICULTAS WE GO FORWARD." IT COULD BELATE FALL BEFORE SUPPLY CATCHESUP TO DEMAND IN THE MEANTIMEBUYING USED MAY BE THE BESTWAY TO PEDAL FORWARD.REPORTING FROM CHICAGO - I'MASH- HAR QURAISHI.WE HAVE SPECIFIC ADVICE ON