A boom in bicycle sales during the coronavirus pandemic caused widespread reports of supply shortages, but Trek CFO Chad Brown told CNBC on Wednesday that the company continues to attempt to keep up with demand.
“We’re still shipping out tens of thousands of bikes every week, so there are bikes out there,” Brown said on “The Exchange.” “I promise you, there are a lot more bikes on the way.”
Supply chains for bikes had been disrupted by the advent of the Covid-19 outbreak in Asia, Brown said. The virus first emerged late last year in Wuhan, China, and led to factory shutdowns and other business closures. The vast majority of bikes sold in the U.S. are made in China, according to…