LONDON — Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centers elsewhere. Six years ago, monopoly maker Hasbro approached Indian durable goods and aerospace supplier Aequs to sub-contract. “They said if you can get into toy manufacturing, now we’re looking to shift millions of dollars worth of product from China to India,” Rohit Hegde, Aequs’ head of consumer verticals, told Reuters. “We said: as long as we can get at least about $100 million of business in the next few years, we can definitely invest in it.” Fast forward to today and Aequs makes dozens of types of toys for Hasbro and others including Spin Master in…
Published Date: 2024-01-16
Source: Inquirer
Categories: Business, International Business and Trade, Import and Export, Consumer Goods and Services, Marketplaces, Society, Religion and Spirituality, Falun Dafa
