Giant Bicycles, the largest manufacturer of bicycles in the world for both it's own brands and the brands of many other companies, has just been revealed to not have the cash to pay it's suppliers and is requesting payment extensions due to cash shortfalls. This is after the bicycle industry has crashed from the plummeting demand caused by people resuming their lives after covid and ditching cycling. Can't really blame people stopping cycling when $10k-$20k bicycles are the new normal that you see on all the cycling sites, and that's not an exaggeration.