SAN RAFAEL, CA – JULY 25: Barbie dolls, made by Mattel, are displayed on a shelf at a Goal retailer on July 25, 2018 in San Rafael, California. Toy maker Mattel introduced plans to chop 2,200 non-manufacturing jobs after reporting a $240.9 million loss in its second quarter earnings. (Photograph by Justin Sullivan/Getty Photographs)
Toys are being added to the rising listing of issues affected by the worldwide provide chain headache.
Toy producer Mattel, maker of Barbie, Scorching Wheels, Fisher-Value, and different well-known manufacturers, has introduced it is going to increase costs within the second half of the 12 months, simply in time for the vacation purchasing season.
Mattel’s CEO says the corporate goes by world provide chain shortages, together with increased manufacturing and delivery prices. He added the corporate is offsetting these prices by elevating costs for its toys.
It’s unclear if shops will cross on the upper value to shoppers. Rival toy firm Hasbro already introduced its value hike.
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