Halfords faces 'acute' bike supply challenges amid Covid disruption

Halfords has warned it faces "Acute" challenges with bike supplies after Covid restrictions led to surging demand and lockdowns in Asia hit manufacturers. Halford said "Pent-up" demand for bikes and continuing restrictions on foreign trips would support future sales. As well as strong demand for conventional bikes, Halfords said it had seen a 94% rise in demand for e-bikes, e-scooters and accessories during its financial year to 2 April. "Sudden increases in global demand put additional pressure on production and, particularly recently, there have been constraints on shipping. This has resulted in some temporary delays in supply." Halfords said it has seen "Positive momentum" continue into the first weeks of its current financial year "With demand for our motoring services strong, cycling demand remaining elevated, and staycation products" proving popular.

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