PeopleForBikes Launches Groundbreaking Business Intelligence Hub for Fast Data Insights for Bike Industry

Author:
Publish date:

BOULDER, COLO. (May 26, 2020) — PeopleForBikes is launching the first-of-its-kind PeopleForBikes Business Intelligence Hub, a dashboard for daily and weekly data insights for the bicycle industry covering ridership, retail sales and consumer attitudes. These metrics will give an overall sense of the state of bike riding and the bike business in the United States.

“The timeliness and availability of data in the bike industry has been a challenge for a long time,” said Dr. Jennifer Boldry, chief research advisor for PeopleForBikes and applied innovation leader at NAXION. “With COVID-19 and the speed of change happening right now, we know that history is not a predictor of the future. This dashboard is designed to quickly deliver crucial insights to our industry.” 

The Business Intelligence Hub — available online at http://peopleforbikes.org/business-intelligence-hub/ — is built on three core metrics: 

Ridership: Thanks to partners at Eco-Counter, the Rails-to-Trails Conservancy and the Outdoor Foundation, and combined with insights from PeoplesForBikes’ Ride Spot program, the dashboard shares weekly updates on the number of bike trips taken in key locations nationwide.

Sales: The dashboard blends a daily index of IBD eCommerce sales from independent bicycle detailers, provided by SmartEtailing, with a weekly index of brick-and-mortar retail sales (including daily foot traffic and number of transactions) from Retail Toolkit. These partners are contributing to a huge advance in providing timely data on bike and bike equipment sales, which have traditionally been reported nearly two months after the fact. Consumer Insights: Weekly surveys capture attitudes regarding riding patterns, consumer confidence, purchasing habits and more. PeopleForBikes will gather survey responses from its 1.4 million-strong grassroots supporter network, as well as bi-weekly general population surveys to showcase the attitudes, intentions and behaviors of the wider public. 

These metrics mark a significant advance for the industry and lay the groundwork for more work to come. The dashboard will grow to include improved and additional metrics over time. The swift rollout this month comes as bicycle industry suppliers and retailers continue to adapt and pivot to consequences of the COVID-19 pandemic. 

“Our goal all along has been to take all the data at our disposal and condense it into a concise and easily accessible format for all members of the PeopleForBikes Coalition to use in a way that’s impactful and useful,” said Bernie Doering, the chair of the PeopleForBikes Research and Statistics Subcommittee and the SVP of global sales/marketing for Stages Cycling. “This dashboard is one more step to achieving that goal.” 

Ryan Atkinson, president of SmartEtailing, said, “When PeopleForBikes approached us asking if we could offer timely insights about what is happening at bike shops, we wanted to help.”

The SmartEtailing data team worked with the Research and Statistics Subcommittee to develop the daily index methodology that shares relative change in sales metrics year-over-year for each date, without revealing confidential retailer data.

“We want to help suppliers forecast to ensure that our retail clients have access to inventory and healthy margins, and with this index we will get timely insights that can help with decision making,” Atkinson said. 

The dashboard is already pointing to new trends – at least in the short term – for independent bike dealers: While online sales have historically generated less than 5 percent of total retail revenue, e-commerce sales in April and May represent anywhere from 50 to 100 percent of bike shop sales in many markets, said Atkinson.

The new data hub will complement the in-depth reports on wholesale trends and retail sales that PeopleForBikes currently sends members on a monthly basis, adding real-time, day-over-day and week-over-week insights. The dashboard will be free to the entire bike industry until July 1, 2020, at which point access to retail sales data and consumer insights will be limited to dues-paying PeopleForBikes members. 

“Providing this type of business intelligence as a member benefit was part of our vision for merging with the Bicycle Products Suppliers Association (BSPA) last year,” said PeopleForBikes Chief Operating Officer Jenn Dice. “We believe in the power of data and know these kinds of actionable insights provide real value to our members and their businesses. We also know that speed is everything and so the ability to provide a daily and weekly snapshot is a game changer.” 

PeopleForBikes is grateful to the support of member companies Bell + Giro, Bosch E-Bike Systems, Shimano America, SmartEtailing, SRAM and Trek Bicycle Corporation, who provided additional financial support above and beyond their membership dues to accelerate the dashboard’s creation. 

The dashboard was also made possible by the hard work of members of the PeopleForBikes Coalition Research and Statistics Subcommittee: Chair Bernie Doering, Stages Cycling; Vice Chair Andrew Kempe, Shimano North America; Ryan Atkinson, SmartEtailing; Ira Becker, Bicycle Blue Book; Michael Bell, Huffy Bicycles; Ed Binnie, Cycling Sports Group; Ian Christie, Summit Bicycles; Alison Donlan, Kryptonite; Mike Gann, LOOK Cycle Group; Roger Gierhart, Trek Bicycle Corporation; Noel Kegel, Wheel and Sprocket; Bob Margevicius, Specialized Bicycle Components; Brad Parkins, Giant Bicycles; Brendan Quirk, Allied Cycle Works; Chris Speyer, REI Co-op; Dave Swan, Quality Bicycle Products. Jay Townley, Human Powered Solutions; Jason West, SRAM; Joe Wheadon, Bell/Giro; John Williams, Norco Bicycles. 

About PeopleForBikesPeopleForBikes represents the bike industry in Washington, D.C. and at the state and local levels with 271 supplier/brand members, 1,000 Ride Spot retailer members and 1.4 million individual supporters in our grassroots network. We work to get more people on bicycles more often and make bike riding better for everyone. Join us at PeopleForBikes.org.

Related

e8cd7546b9749eb914459ddf6f9827c5

PeopleForBikes Webinars Provide Virtual Guidance for Bike Industry in Time of COVID-19

BOULDER, COLO. (April 14, 2020) —PeopleForBikes is conducting a series of webinars to connect and advise retailers, manufacturers, and advocates within the bike industry. In addition to March and April webinars focused on COVID-19, the schedule includes sessions addressing ...read more

e8cd7546b9749eb914459ddf6f9827c5

PeopleForBikes Advocates for Bikes Amid Growing COVID-19 Disruption

BOULDER, CO (March 23, 2020) — Responding to the dramatic changes in day-to-day life caused by the spread of COVID-19, PeopleForBikes is working to support industry partners, suppliers, retailers, advocates and individual riders as they navigate a world of new rules and ...read more

e8cd7546b9749eb914459ddf6f9827c5

PeopleForBikes’ Work on Section 301 Tariffs Saves Bike Industry Millions

BOULDER, CO (Oct. 20, 2020) — PeopleForBikes, with the assistance of their nearly 300 member companies, saved the bike industry more than $130 million in Section 301 tariffs since September 2018.Section 301 tariffs represent additional duties paid on nearly all imported goods ...read more

e8cd7546b9749eb914459ddf6f9827c5

PeopleForBikes Welcomes Three New Vice Presidents to Leadership Team

BOULDER, COLO. (June 16, 2020) — PeopleForBikes is proud to announce the promotion of three new vice presidents, rounding out the experienced leadership team at the helm of the national bike advocacy and industry organization. The internal promotions include Jose Maldonado as ...read more

e8cd7546b9749eb914459ddf6f9827c5

Bike Industry, Mark Your Calendars: PeopleForBikes Announces 2020 Fly-In Dates

BOULDER, Co. — Continuing a commitment to connecting bicycle industry leaders with elected officials, PeopleForBikes is holding three legislative summits in Washington, D.C. in 2020 designed to advance legislative policies that make every bike ride better. These “fly-ins” ...read more

e8cd7546b9749eb914459ddf6f9827c5

House Transportation Bill Proposes Major Increases for Federal Bike Programs

WASHINGTON, D.C. (June 5, 2020) — This week, PeopleForBikes finds hope in a new bill released by the U.S. House Transportation and Infrastructure Committee that would significantly increase federal funding for bikes. PeopleForBikes and our partner organizations worked steadily to ...read more

PeopleForBikes hosts largest-ever women’s fly-in and third Congressional Bike Fest

WASHINGTON, D.C. – On Wednesday, June 5, PeopleForBikes hosted its largest-ever women’s fly-in, organizing a group of 25 bike industry professionals on Capitol Hill to meet with members of Congress to discuss opportunities to advance policies that benefit bike riding.The day’s ...read more

80+ bike business leaders working together to advance our industry’s agenda

Excerpt: PeopleForBikes Coalition + Bicycle Product Suppliers Association = One unified bike industry association BOULDER, Colo. (Jan. 15, 2019) – The PeopleForBikes Coalition and Bicycle Product Suppliers Association (BPSA) are now one unified trade association. We’re using the ...read more

e8cd7546b9749eb914459ddf6f9827c5

PeopleForBikes Announces Community Grant Recipients

BOULDER, Colo. (January 23, 2020) – PeopleForBikes, the national organization making bicycling better for everyone, has announced its latest round of community grants. PeopleForBikes is partnering with the International Mountain Bicycling Association (IMBA) on these grant awards, ...read more