Sales soar at Brompton – but profits down as company warns of tension over Taiwan Folding bike firm says geopolitical factors plus higher staffing and raw materials costs and supply chain pressures are hitting its bottom line cycling
, but the West London-based company has seen its profits dip due in part to inflation, and has also sounded a warning regarding the potential impact of tensions over Taiwan on its supply chain.
The company currently has suppliers in both countries, but speaking to BBC Radio 4’s Today programme, he said that current tensions meant that Brompton is working on diversifying its supply chain in the Far East. “That’s a much better route because you’re dealing with somebody who already understands your product, already has the specialist equipment and, in some cases, might take some of that equipment and move it to the new operation and therefore you’ve got dual supply through the same company.”
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