TFW2005 member analogue brings us news of an interview with Hasbro CEO Brian Goldner via CNBC wherein he discusses about how the giant toy manufacturer is dealing with current situation with the Coronavirus emergency. CNN.com highlights some declarations from this interview about production and factories in China:
Brian Goldner told CNBC Monday morning that it expects to be back at full production capacity in China by the end of this week. What’s more, he said demand in China — as well as the rest of the world — is strong. That’s especially the case for Play-Doh and other toys for young kids who have been largely stuck inside during the coronavirus pandemic.
Shares of Hasbro (HAS) surged more than 15% Monday on Goldner’s comments, as investors bet that the company will report solid first-quarter sales in April.
Check out the full interview here then share your thoughts on the 2005 boards!
Maximus Danz
Welcome to TFW2005! I've learned more about politics (especially the comic boards) than the news!
Matthew Haskett
Global finance capitalism demands this.
BIOMEC
I prefer they don't, it would be more expensive.
Ravage101
Ravage101
EXACTLY!
Xhairs
Great news but I think they should bring it back to USA!
Exodus
Yeah it's ironic imo. You got the mainlanders fleeing because they didn't want to get sick, now they're going back to their motherland because they don't want to get sick from wherever they went to escape it from…
jackisking
Depends on which you believe, people are coming back to China and bringing, or in an attempt to get people back to work and make the numbers look better, people who weren't fully recovered were listed and released as recovered.
Exodus
There's actually still covid cases popping up in China…
lord ginrai
And stock prices are going back up after the announcement. Missed that window to buy them when they were in the low 40s
jestermon
Hopefully, this leads to the US and other countries building up domestic manufacturing to limit their need on Chinese goods.
Yes, I know Transformers aren't made in China but other Hasbro items are or he wouldn't be worried about the Chinese factories at all.
Mattymo
Transformers aren’t made in China. They make a lot of toys. Everything isn’t made in on location/country and it’s not like decsisions like that are done instantly. Sometimes these things take months or even years to go into affect