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Toy Manufacturers' Shift From China Not Child's Play bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
Toy manufacturers' shift from China is no child's play as bottlenecks stay thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Toy manufacturers struggle to shift production from China due to surging costs. Hasbro approached Indian supplier Aequs to sub-contract toy manufacturing. Aequs now produces toys for Hasbro and others in India. However, India cannot match China s efficiency. Chinese ports export struggles during the pandemic highlighted the risk of relying on China. Soaring labour costs in China have been driving manufacturers to diversify production geographically. ....
That other countries struggle to match China for efficiency i s limiting firms efforts to shift to lower cost bases and raising the risk of higher toy prices in the future. ....