You probably heard about the luxury car-laden ship that sank in the Atlantic this past winter. Turns out, the bike world isn’t immune to such mishaps.
A year earlier, another ship carrying 700 containers full of, among other things, bikes from China sank off the Mexican coast. Now Trek, Bell and a few other companies are suing Maersk, the ship’s operator, and other related companies for damages.
Aside from the losses Trek, Bell and other companies incurred, the ship sinking affected the cycling world in another way: It exacerbated the COVID-induced bicycle and parts shortage. That, of course, drove up prices and simultaneously created a boom for some dealers while driving others, who couldn’t get inventory, out of business.
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