I have no working knowledge of insolvency rules in Taiwan but in the UK if you break your payment terms with suppliers you run the risk of pretty serious consequences e.g. suppliers are within their rights to withhold supplies, the smaller ones who desperately need the money will take court action to recover their debts and the hard liners will even start winding up proceedings. Whichever way you paint it it's not good news. What's more worrying is the political posturing that's currently going on between Taiwan and China. I'm not clever enough to predict the future but it's worth us all keeping an eye on any developments. Apparently Giant manufacture bikes for a number of brands so they'll be watching it all very closely too. I've got enough bikes to last me till I croak it so I'm not overly concerned but it's interesting all the same.
Giant probably took out a contract that gives them the option to delay payment. Idk what's in their contract but it could be that the payment will come later but for a higher amount. OR it could be that Giant are not paying by breaking a contract (although that seems odd).
Not talking about Giant specifically, but reducing prices on bikes (or whatever products) is not something that's normally done. Instead, when a company wants to reduce prices, they will bring out a new model at a lower price and eventually kill-off the existing high priced product line.
A company like Spesh might be accustomed to doing that as I see they made different models at different times (their Allez range has shrunk, they have an atheos range and idk what else). But Giant might find that more difficult as they have several ranges that are, for want of a better word, icons... Such as TCR, Defy, Reign. These are models that have been around for a long time and are like signature models.
Anyway, fast forward to 2024 and the cycling press will have headlines like "new s-works Tirmuk is a whopping £4000, all carbon, carbon wheels, di2, hydro". Well, wishful thinking.
And now a slightly sad thought: when companies need to reduce prices due to low demand, a get a slight hiccup because things can go south for many people very quickly. It's actually a good thing for prices to gently go up, but at a very gentle pace.
But to end on a positive note: recessions pass and sun comes out again. I haven't seen those odd peleton adverts for a while...