Hasbro to start making toys in Vietnam and India as US-China trade war goes on
Hasbro CFO Deborah Thomas says some retailers briefly paused direct import orders from manufacturing locations in the second quarter as they watched the trade situation
24 July 2019 - 13:06
Tokyo — The trade war is changing the landscape of toy land, with Hasbro accelerating plans to shift away from China in favour of new plants in Vietnam and India.
The world’s largest publicly traded toymaker, which has licences for popular franchises such as “Frozen” and the “Avengers,” said US goods produced in China could drop to about 50% by the end of 2020, from just under two-thirds currently...
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