Today news
About the same in other media
China, shipping and Brexit: why UK may face Christmas toy shortage
Reading now: 163
At a toy factory in south-east China, boxes of plastic dart guns are stacked across the floor. Sometimes, so many packages pile up that they stretch into the production area, slowing the work of making more toys.
What to do with all the blaster guns, which have been sold to retailers in the UK but cannot find room on ships to get them there, is a problem for Nick Mowbray, the co-founder of Zuru Toys. The company expects to generate about NZ$1.1bn (£580m) in revenue this year thanks to surging demand for products such as 5 Surprise Mini Brands, Rainbocorns and X-Shot blasters.
But Mowbray says there will be toy shortages this Christmas. Shipping constraints, power outages and a lack of workers to stitch soft toys are all hurting production.
Read more on theguardian.comAbout this in other media
BVI premier denies islands are corrupt and praises Geoffrey Cox theguardian.com /3 years ago
Facebook and other big tech stocks ‘in clear bubble’, warns Rob Arnott fnlondon.com /3 years ago
Why China’s cryptocurrency ban is an opportunity for India? economictimes.indiatimes.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
