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Brompton Bikes' CEO Will Butler-Adams has addressed the issues facing brands in the industry, and points to enduring problems from Brexit, rising energy bills, the pandemic and the cost-of-living crisis for contributing to a challenging time for the folding bicycle manufacturer.
British bike exporters Frog and Brompton are counting the costs of an eleventh hour Brexit deal with exports suffering and price increases imminent, according to reports in the press over the past week.
Brompton is facing a host of problems from material shortages to rising production costs as the fallout from Brexit and Covid continues to impact UK manufacturers.
The team at Brompton Bicycle Ltd. thought they were prepared for Brexit.