Hasbro Stocks Up on Toys to Work Around Shipping Constraints
1 August 2021Hasbro Inc. is sourcing more of its toys earlier from various countries as it anticipates port congestion and ocean-capacity constraints in the second half of the year, executives said.
The maker of Transformers, My Little Pony, Play-Doh and other toys is looking to get around bottlenecks in shipping operations to make sure products arrive in time for the holiday season, finance chief Deborah Thomas said on a Monday conference call. Hasbro is increasing the number of container lines it works with and using more ports to speed up delivery, she said.