SUPPLY & DEMAND - Global Supply Problems for BICYCLES

CLICK HERE to an excellent and informative article from The Globe and Mail on the recent supply chain issues affecting the bicycle industry across the world, in a time of soaring demand.

SUGGESTIONS :

- Ask the students to consider WHY issues with the supply chain might have occurred in the bicyle industry in recent times - before reading the article.

- Students to list the different problems and complications specifically related to the bicycle industry which are highlighted in the article

- Ask the students to draw a Demand and Supply diagram showing the slowdown in production as a result of the pandemic - and check for accuracy (the supply curve would move to the left - pushing up the price of the bicycles..)

- Ask students to explain why some bicycle firms have chosen to move assembly plants to North America and away from Asia (even if only temporarily..)