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Year to date, Planet Fitness has seen its shares fall nearly 12%, while at the same time, the broader market rose over 10%.
With 65% of fitness equipment in the United States sourced from foundries in China, it wasn't a surprise that bottlenecks emerged when these foundries shut due to pandemic closures.
Throughout all industries, supply chain disruptions have led to a resurgence in calling for more products that are 'Made in America,' and the fitness industry is no exception.