Now, recent news for Shimano has been, well, great. They've just announced a 22.5% growth in comparison to last year, even though recent events have also seen the passing of former President Yoshizo Shimano. Newley appointed and rising star, President Taizo Shimano, doesn’t seem to be slowed down one bit.
Coinciding with Shimano’s 100th anniversary, this year seems like the perfect time to show the world just what they’re made of, not that they don’t have the right stuff. That growth I mentioned earlier, that’s a generated growth income figure, and it stands at 66 billion Yen, which is around $572 million at current exchange rates. From here, Shimano forecasts it’s growth to 79 billion Yen, or $717 million. Any investors in the crowd!? To heck with gold!
The demand is so strong for components from this company that they’re even facing a production shortage, not to mention a deteriorating Singapore factory that was built back in 1973, according to Nikkei. Let’s face it, everyone has been seeing more and more bikes and e-bikes on the market, and most of them are equipped with Shimano.
The new plant is expected to be nestled alongside an already existing plant in the Jurong Innovation District, on the west side of Singapore. Not only is it meant to be a factory for building components, but it will also be considered a “factory of the future,” one where a large emphasis will be placed on digitalization.
Now, what does this mean for all other cycling component manufacturers on the market? Well, you can basically think of Shimano as one big snowplow that’s clearing everything away with ease. What this can also mean for other manufacturers, is a signal, a clear signal that the upcoming year, two, maybe even three, this industry will just keep growing.
Most people know the expression “Fake it ‘til you make it.” Well, I personally like “Mimic ‘til you make it.” The latter seems to offer a clearer indication of what it is I should be doing to succeed. If you’ve been thinking of starting a business but haven’t really been too sure as to what wave to catch, this seems to be one of them. From here, you can either sit by and watch, or do what the majors are doing, and keep growing. Take out those business training wheels and start learning how to keep your balance.