Current Pandemic will Not be Affecting the Scheduled Output of Transformers Toys in 2020
Posted: Wed Apr 29, 2020 9:26 pmHasbro released their first quarter numbers for 2020 today and actually took the time to detail everything fans, and more importantly retailers and shareholders, could expect for the remainder of the year. Since they have so many different supply chains globally, they have found a way to organize themselves so that they would meet full-year product demand requirements, which includes being appropriately stocked for the holiday season.
They also detailed which facilities are most affected, and their Vietnam facility, where our Transformers toys are produced is not on that list. So, when it comes to Transformers being produced and stocked, it's business as usual, whatever that usual may be for you.
We will share the passages that explain that more below, for those interested, and you can read their entire earnings report, which is mostly about Play-Doh, here.
They also detailed which facilities are most affected, and their Vietnam facility, where our Transformers toys are produced is not on that list. So, when it comes to Transformers being produced and stocked, it's business as usual, whatever that usual may be for you.
We will share the passages that explain that more below, for those interested, and you can read their entire earnings report, which is mostly about Play-Doh, here.
Supply chain positioned to meet full-year product demand requirements leveraging growing retailer
channels, including ecomm and omni-channel
Outside of China: Manufacturing and warehouse partners outside of China operated at close to normal levels during much of the first quarter. Beginning in mid-March and through today, these locations are operating at varying levels of productivity depending on local government and safety considerations, with some markets operating at lower than normal production levels and other facilities have been closed for a period of time. Currently closed facilities include manufacturing in Massachusetts, Texas and Ireland, primarily for games, as well as manufacturing locations in India.
The global Hasbro team is utilizing its diverse global supply chain to meet demand from open facilities, existing inventory and to rapidly make up lost production. The COVID-19 situation is very fluid and based on our understanding of local governments directions at this time, we expect closed facilities to reopen over the summer. We will be using our full complement of sourcing partners globally to ensure a quick recapture of any lost production on priority items.