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2021-06-19

Toy companies are keeping an eye on China shipping delays as key holiday season nears

There may be fewer boxes under the tree this holiday season, as toymakers grapple with thepossibilit

Toy companies are keeping an eye on China shipping delays as key holiday season nears

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToy companies are keeping an eye on China shipping delays as key holiday season nears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/18/hasbro-mattel-monitor-china-shipping-delays-as-holiday-season-nears.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There may be fewer boxes under the tree this holiday season, as toymakers grapple with thepossibility of a massive shortagein everything from dolls and action figures to vehicles and puzzles.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/hasbro-mattel-monitor-china-shipping-delays-as-holiday-season-nears.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HAS":"孩之宝","MAT":"美国美泰公司"},"source_url":"https://www.cnbc.com/2021/06/18/hasbro-mattel-monitor-china-shipping-delays-as-holiday-season-nears.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1197466929","content_text":"There may be fewer boxes under the tree this holiday season, as toymakers grapple with thepossibility of a massive shortagein everything from dolls and action figures to vehicles and puzzles.\nThe pandemic created a bottleneck in the global transportation pipeline, which was later worsened by theblockage of the Suez Canal in March.These shipping delays have hit almost every industry, including electronics, apparel and food.\nExacerbating these troubles is afresh wave of coronavirus outbreaks in China.All the while, inventory continues to pile-up, leading to manufacturing delays. With shipping containers scarce — or worse, more than double pre-pandemic prices — toymakers are faced with tough decisions ahead of the industry's most important sales season.\n\"We're not seeing any panic yet about the flow of holiday goods,\" said Jefferies analyst Stephanie Wissink.\nWissink noted that toy companies are just entering the ramp-up period of production for toys that ship in September and October for the holidays.\n\"If we see persistent constraints into late-summer, then we will start to worry a bit more,\" she said.\nCurrently, the industry is seeing delays of two-to-three weeks, Wissink said. This is consistent with a report from Davidson analyst Linda Bolton Weiser that was published Friday, although Weiser said delays could be as long as a month.\nWeiser told CNBC that the toy industry has faced shipping challenges in the past and persevered. She noted that several years ago, there was a workers strike at the Port of Los Angeles that threatened holiday sales.\n\"Toy stocks tanked, but [Christmas] went off without a hitch,\" she said. \"Toy companies were able to get their toys loaded on the tops of freighters and unloaded the fastest.\"\nWeiser said her most recent chat with Mattel a few days ago indicated that the company was \"still quite confident about their sales growth for the year.\"\nRepresentatives forHasbroandMatteldid not immediately respond to CNBC's request for comment.\nToy companies are keeping a careful eye on developments overseas, hoping that pressure on the ports will loosen as vaccinations are more widely distributed globally, outbreaks are more isolated and more air traffic routes reopen.\nFor now, toy companies have not passed on additional shipping costs to the customer, Wissink said. However, there is always a possibility that this could change if the shipping situation does not alleviate.\n\"We note that holiday purchases are very much oriented toward gifting so price sensitivity is somewhat less,\" she said. \"That said, consumers will notice if there's a dramatic increase in prices, but we don't expect that at this stage.\"\nBoth Mattel and Habro shares were recently trading down more than 1% on Friday. Mattel's stock has gained nearly 9% since January, putting its market value at $6.64 billion. Hasbro's stock is down 3% year to date, which puts its market value at $12.5 billion.","news_type":1,"symbols_score_info":{"HAS":0.9,"MAT":0.9}},"isVote":1,"tweetType":1,"viewCount":878,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}