- In less than a month, there has been a second significant theft of bikes and cycling components during transit.
- As suppliers try and satisfy the huge demand for new bikes, the value of individual components is surging.
- Criminal networks recognise the opportunities for theft and redistribution of parts.
After an audacious truck robbery in Germany took a shipment of new Shimano components, thieves have hit a container in England, relieving it of many e-bikes.
Giant is one of the world's most influential cycling brands with
12 000 global retail partners. On Thursday, the Taiwanese company
confirmed that its UK operation suffered a significant theft incident.
Thieves managed to break open a container and efficiently offload its contents onto another vehicle. What was inside the Giant container? No fewer than 127 e-bikes, including the brand's latest Reign E+ models, were taken.
There is money to be made - in stolen bicycle parts
Giant has the required scale to compensate customers who might be frustrated by the delayed delivery of their bikes. But the criminal trend is alarming.
Despite the best efforts of industrial engineers at various components suppliers, most online and physical retailers just don't have adequate inventory. Riders can rarely source their first-choice components when considering an upgrade or repairing crash damage.
Shipping delays are blamed for most of the product distribution scarcity. And that creates an opportunity for criminal syndicates to steal complete bikes, and disassemble them.
Reselling new bike parts can net a lot more value than a complete bicycle's actual purchase price. Once a stolen bicycle is broken-up into parts, it is very challenging to trace the sourcing of all those components – and prove a criminal case.