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HissTank › Other › Hasbro To Reduce Toy Production In China And Move To India And Vietnam

Hasbro To Reduce Toy Production In China And Move To India And Vietnam

Posted on July 24, 2019 at 12:28 am by Silver Optimus under Other

After a successful 2nd Quarter in 2019, Hasbro CEO Brian Goldner spoke to CNBC to further clarify a statement made during their financial call.

Due to the recent Trade War between United States and China, Hasbro has decided to reduce its toy production in China and keep it under 50% by 2020.

The company currently produce 20% of its products in US while 67% comes from China.

“We’re increasingly spreading our footprint and adding new geographies for production globally,” Hasbro CEO Brian Goldner said during an earnings call Tuesday. “That includes new production in India and Vietnam.”

You can check out Mr. Goldner’s interview, after the jump.

Hasbro CEO on reducing toy production in China below 50% by the end of 2020 from CNBC.

Discuss on the HissTank Forums› Views: 2232 › Tags: China, Hasbro

Hasbro To Reduce Toy Production In China And Move To India And Vietnam - Additional Images

Discussion / Comments (Jump to this Thread on the Forum)

  1. SilverOptimus's Avatar SilverOptimus says

    07-24-2019, 12:28 AM

    News Post: Hasbro To Reduce Toy Production In China And Move To India And Vietnam

  2. Adventure Fun has no avatar! Adventure Fun says

    07-24-2019, 03:44 AM

    Yep, this is happening in several other industries as well. Increased wages + difficulty to securing a stable work force + threat of 25% tariffs = companies changing strategies.

  3. 46 Zone's Avatar 46 Zone says

    07-24-2019, 05:13 AM

    Quote:
    Originally Posted by SilverOptimus View Post
    News Post: Hasbro To Reduce Toy Production
    Fixed it for you

  4. silentmaster1 has no avatar! silentmaster1 says

    07-24-2019, 09:10 AM

    All those great quality toys....that kids don't play with, get creative like you did in the past and you'll make more money.

  5. stillagijoefan's Avatar stillagijoefan says

    07-24-2019, 08:53 PM

    India, Vietnam, North Dakota...just make gi joe toys somewhere.

  6. Cobrafan4795 has no avatar! Cobrafan4795 says

    07-24-2019, 08:55 PM

    Moving production in an effort to reduce cost may be good news for fans of all Hasbro brands.

  7. ozzie92's Avatar ozzie92 says

    07-24-2019, 09:16 PM

    Quote:
    Originally Posted by Cobrafan4795 View Post
    Moving production in an effort to reduce cost may be good news for fans of all Hasbro brands.
    Says the new guy... ;)

  8. forcehunter has no avatar! forcehunter says

    07-25-2019, 06:27 PM

    If anyone thinks this move will reduce the price at retail, I have a bridge in Brooklyn to sell you.

  9. Mainframe77's Avatar Mainframe77 says

    07-25-2019, 06:32 PM

    Quote:
    Originally Posted by forcehunter View Post
    If anyone thinks this move will reduce the price at retail, I have a bridge in Brooklyn to sell you.
    Yep. What he said.

  10. CADPAT's Avatar CADPAT says

    07-25-2019, 07:41 PM

    Every time these companies cut costs, they pocket the savings and pass the expenses on to the consumer.

  11. There are more replies on the HissTank Forums.

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