LMX responses to complex procurement
LMX Bikes, along with the entire two-wheeler industry, is going through a complex period that is spreading globally. The health crisis that we have all known for several months has serious repercussions on trade between countries and industries.
Our international suppliers indicate delays and delivery times that have never been seen before, which therefore have a direct impact on our own delivery times.
These delays are due to the combination of the effects of the health crisis and the good performance of the two-wheeler and bicycle market.
Today we are therefore reviewing the current situation of our supplies, and the measures taken by LMX to best compensate for the consequences on our deliveries in the short and medium term.
BIG DELAYS ON THE SUPPLIER SIDE
Regarding aluminum, to date we have no visibility with our suppliers as to the next availability. Big shortages are also announced over the coming months.
The delivery, which was initially scheduled to arrive in June, was delayed due to major material supply problems.
The main supplier did not meet the announced deadlines, with an initial delivery scheduled for February 2021, which was postponed to the end of July 2021. The current deadlines for future orders are estimated at more than 600 days for all suspension suppliers.
The delivery of our previous order placed in July 2020 and initially scheduled for October 2020 finally arrived at our premises in June 2021, almost a year after its validation.
To date, the deadlines are still very long and require us to get ahead of our orders.
A shortage was announced by our supplier on raw materials.
MEASURES TAKEN BY LMX
In addition to measures on parts and raw materials, we have frozen the signing of new reseller contracts to ensure parts support and availability with the existing network.
Our priority is therefore placed on our current resellers and customers. The entire LMX team thanks you for your high fidelity and for the confidence you have shown over the years.
Know that we give our best every day to honor our commitments and ensure that tomorrow, we will continue to cooperate hand in hand with you, with the same passion that has driven us from the very beginning.