Peloton gives up on building its own products after just three years

Stefan Mileschin · 13th July 2022, 07:09

Peloton will no longer build its own connected fitness products, as it's moving entirely to third-party manufacturing. It said in a statement that it's "exiting all owned-manufacturing operations" to simplify its supply chain and cut costs. "We believe that this along with other initiatives will enable us to continue reducing the cash burden on the business and increase our flexibility," Peloton CEO Barry McCarthy said. "Partnering with market-leading third party suppliers, Peloton will be able to focus on what we do best — using technology and content to help our 7 million members become the best versions of themselves."

https://www.engadget.com/peloton-wil...8.html?src=rss

13th July 2022, 07:09	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,797	Peloton gives up on building its own products after just three years Peloton will no longer build its own connected fitness products, as it's moving entirely to third-party manufacturing. It said in a statement that it's "exiting all owned-manufacturing operations" to simplify its supply chain and cut costs. "We believe that this along with other initiatives will enable us to continue reducing the cash burden on the business and increase our flexibility," Peloton CEO Barry McCarthy said. "Partnering with market-leading third party suppliers, Peloton will be able to focus on what we do best — using technology and content to help our 7 million members become the best versions of themselves." https://www.engadget.com/peloton-wil...8.html?src=rss

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