Toy manufacturers' move away from China is a serious shift.

Toy makers are struggling with rising costs in China and are unable to shift production to cheaper centers elsewhere. Hasbro approached Indian durable goods and aerospace supplier Aequs six years ago to subcontract to produce millions of dollars worth of toys. Aequs now produces dozens of toys for Hasbro and others in two 350,000-square-foot facilities in Belgaum, India.

January 21, 2024
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