Hasbro expects to source only 50% of products from China by the end of 2020
Hasbro hopes to have only 50% of its products coming from China by the end of 2020.
China has long been an important country for manufacturing toys: 67% of Hasbro's products sold in the U.S. came from there last year. "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."
The company also sourced 20% of its products sold in the U.S. from American manufacturers during the year. Hasbro hopes to have only 50% of its products coming from China by the end of 2020.
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