Peloton to cease manufacturing of exercise equipment by end of 2022

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

🚴‍♀️ Peloton, the company popular for its at-home exercise bikes and treadmills, has announced it will no longer manufacture its exercise equipment due to deflating demand and the need for supply chain simplification.

The company’s Tonic Fitness Technology facility in Taiwan has been responsible for manufacturing the equipment and will operate until the end of 2022. Peloton, which saw sky-rocketing sales amid the pandemic stay-at-home orders, recently laid off roughly 20% of its corporate workforce after its sales slumped. The company has also ceased operations of building a U.S.-based factory in Wood County, Ohio.

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Jennifer Joslyn
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