The MCIA says motorcycle companies with strong business links to Chinese supply chains are starting to feel the economic effects of coronavirus. “Delays are currently being experienced due to a halt in production and the inability to ship products.
“When questioned, companies with links to countries within the EU – which are now reporting outbreaks and quarantines – reported fearing a delay in freight delivery that would have a knock-on effect in the later part of the year. To date, this is limited but is still a serious concern.
“As per the government’s guidance, it is important not to over-react and therefore the MCIA and its members are monitoring the situation closely.”
The MCIA’s CEO, Tony Campbell, pictured, added: “With our industry’s high dependence on the Asia Pacific, it is inevitable the market and businesses will be affected and therefore disrupted. We have been approached by government to report issues as they occur but at this stage the clear messages from our members is that they are holding stock capacity to cover supply shortfalls, but this, of course, can’t last for long. We will be monitoring the situation closely and will advise on any further updates as and when required.”