- July 8, 2021
- Posted by: Stratford Team
- Category: Business
Looking to buy a new bicycle? At Chain Reaction Bicycles in Redwood City, you’ll have to get in line behind approximately 1,374 other people.
The COVID-19 pandemic may be near its end in the United States, but the effects of increased demand and international supply chain issues are still upending the bicycle industry — with some shop owners projecting the bike shortage may last until 2023.
“We have been in business for 41 years now. So we’ve seen quite a few bicycle cycles come and go, so to speak,” Mike Jacoubowsky, co-owner of Chain Reaction Bicycles in Redwood City, said. “But we’ve never seen anything like this.”
The trend began when the first shelter-in-place orders were issued in California back in March 2020. With public transportation shut down and fitness gyms indefinitely closed, people started looking for alternative forms of transportation and exercise. Those who were confined at home began…