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Hasbro moves production out of China to avoid tariffs, shifting to U.S. and other countries.
Hasbro CEO Chris Cocks stated the company is shifting its supply chain from China due to increased tariffs, moving production to the U.S., Turkey, Japan, India, Vietnam, and Indonesia.
Hasbro aims to reduce China's share of global sourcing to 40% by 2026 but expects to reach this goal earlier.
Despite reporting an earnings beat, the company forecasts a potential $300M loss if tariffs continue.
However, Hasbro remains optimistic its diversification strategy will help mitigate losses and keep prices stable for families.
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Hasbro traslada la producción fuera de China para evitar aranceles, cambiando a Estados Unidos y otros países.