Hasbro Stocks Up on Toys to Work Around Shipping Constraints

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Hasbro Stocks Up on Toys to Work Around Shipping Constraints
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Hasbro, the maker of Transformers, My Little Pony and Play-Doh, is sourcing more of its toys earlier from various countries as it looks to get around bottlenecks in shipping operations and make sure products arrive in time for the holiday season

from Covid-19 lockdowns and more consumers head back to stores.

Hasbro said in April that it would raise prices to offset rising freight and input costs. Those price increases are going into effect in the third quarter, executives said. Ms. Thomas said ocean-freight prices are likely to more than quadruple this year from last year.charging more for products

 

Sad when you can’t source your toys in the USA. To expensive to make, good jobs given away. Hasbro the Rhode Island company, should source they product, at the same time think long term and plan to manufacture it the US.

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this is terrible news

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