Hasbro to start making toys in Vietnam and India as US-China trade war goes on

[Viet]

Hasbro Play-Doh modeling compound. Picture: BLOOMBERG/TIFFANY HAGLER-GEARD


Tokyo — The trade war is changing the landscape of toy land, with Hasbro accelerating plans to shift away from China in favour of new plants in Vietnam and India.

The world’s largest publicly traded toymaker, which has licences for popular franchises such as “Frozen” and the “Avengers,” said US goods produced in China could drop to about 50% by the end of 2020, from just under two-thirds currently.

“We’re increasingly spreading our footprint and adding new geographies for production globally,” CEO Brian Goldner said on a conference call to discuss second-quarter earnings. “So we feel very good about where we’re going.”

Hasbro is the latest company changing its strategy amid heightened tension between the US and China. There are growing signs that the global supply chain, long reliant on China as the factory for the world, is being permanently transformed. Some multinationals including Intel are reviewing their production plans, while others are already speeding diversification to spread risk as widely as possible.

Goldner said China continues to be a high-quality, low-cost place to make toys, and “it will continue to be part of our global network in a major way”, according to the transcript of the call. Nonetheless, Hasbro said it has already seen disruption because of trade worries.

CFO Deborah Thomas said some retailers briefly paused direct import orders from manufacturing locations during the second quarter as they watched the trade situation. In 2018, 35% of Hasbro’s US and Canada revenue was delivered through such direct imports. It expects the percentage to decline in 2019, forcing Hasbro to take on more imports itself.

If tariffs were to come into play, Hasbro would expect an effect in the fourth quarter, Thomas said.

“We’ve done the work and are prepared to address tariffs if they happen, but continue to believe they would be very disruptive to our business and consumers in the near term,” she said on the call.


https://www.businesslive.co.za/bd/c...tnam-and-india-as-us-china-trade-war-goes-on/

 

[Viet]

New business for Vietnam and India. We can make cheap plastic toys too

@Nilgiri

 

[Viva_Viet]

Trump says Apple won’t get tariff waivers for Mac Pro parts
The president tweeted about Apple this morning

By Colin Lecher@colinlecher Jul 26, 2019, 10:40am EDT(opens in new window)

• (opens in new window)

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Photo by Nilay Patel / The Verge
President Trump said in a tweet this morning that his administration will not allow Apple to avoid tariffs on Mac Pro parts, after the company requested exemptions earlier this month.

As part of an ongoing trade battle with China, the Trump administration has proposed stiff tariffs on imports from China. The list of proposed goods includes electronics, potentially hitting Apple with tariff increases as high as 25 percent.

Earlier this month, Apple filed requests with the Office of the US Trade Representative, asking for some parts to be excluded from the planned tariffs. While the filings did not explicitly mention the Mac Pro, Bloomberg reported last week that the descriptions in the filings matched up with parts for the desktop computer. Apple recently moved its manufacturing of the Mac Pro to China from the United States.

Apple will not be given Tariff wavers, or relief, for Mac Pro parts that are made in China. Make them in the USA, no Tariffs!

— Donald J. Trump (@realDonaldTrump) July 26, 2019
https://www.theverge.com/2019/7/26/8931662/trump-apple-mac-pro-tariffs-waiver-china-tweet

25++% to all Cnese products is just a matter of time, more million Cnese losing jobs

 

[Viet]

Trump says Apple won’t get tariff waivers for Mac Pro parts
The president tweeted about Apple this morning

By Colin Lecher@colinlecher Jul 26, 2019, 10:40am EDT(opens in new window)

• (opens in new window)

• SHARE

Photo by Nilay Patel / The Verge
President Trump said in a tweet this morning that his administration will not allow Apple to avoid tariffs on Mac Pro parts, after the company requested exemptions earlier this month.

As part of an ongoing trade battle with China, the Trump administration has proposed stiff tariffs on imports from China. The list of proposed goods includes electronics, potentially hitting Apple with tariff increases as high as 25 percent.

Earlier this month, Apple filed requests with the Office of the US Trade Representative, asking for some parts to be excluded from the planned tariffs. While the filings did not explicitly mention the Mac Pro, Bloomberg reported last week that the descriptions in the filings matched up with parts for the desktop computer. Apple recently moved its manufacturing of the Mac Pro to China from the United States.

Apple will not be given Tariff wavers, or relief, for Mac Pro parts that are made in China. Make them in the USA, no Tariffs!

— Donald J. Trump (@realDonaldTrump) July 26, 2019
https://www.theverge.com/2019/7/26/8931662/trump-apple-mac-pro-tariffs-waiver-china-tweet

25++% to all Cnese products is just a matter of time, more million Cnese losing jobs

I don’t understand why Apple is too focused on a single country. That’s a huge production risk. Putting imported US components together into finished products is much cheaper in Vietnam.

 

[Viva_Viet]

I don’t understand why Apple is too focused on a single country. That’s a huge production risk. Putting imported US components together into finished products is much cheaper in Vietnam.

CN is a big market for Apple,some Cnese even willing to sell their kidneys for Iphone, Huawei CEO was using Apple when she was arrested.

Seem like Apple make highest profit in CN.

 

[Viet]

CN is a big market for Apple,some Cnese even willing to sell their kidneys for Iphone, Huawei CEO was using Apple when she was arrested.

Seem like Apple make highest profit in CN.

Ok I don’t think anyone in VN in such desperate mode willing to sell everything to buy iphone. Good, the more business we get the more weapons we can buy. Win win.

 

[Viva_Viet]

Ok I don’t think anyone in VN in such desperate mode willing to sell everything to buy iphone. Good, the more business we get the more weapons we can buy. Win win.

Maybe cos u cant use FB, twiiter when Using CN phones, so Apple is the best choice for Cnese who have to travel outside CN like Hwei CEO .

I see lots of Cnese in VN use Apple, too. Cos they wanna use Gmail, Whatssap to talk wt Western guys.

 

[bolo]

CN is a big market for Apple,some Cnese even willing to sell their kidneys for Iphone

Chinese sell kidneys for iPhone. Vietnamese sell their women for food. Both situations are win-win

 

[CHN Bamboo]

I don’t understand why Apple is too focused on a single country. That’s a huge production risk. Putting imported US components together into finished products is much cheaper in Vietnam.

SAN FRANCISCO — Despite a trade war between the United States and China and past admonishments from President Trump “to start building their damn computers and things in this country,” Apple is unlikely to bring its manufacturing closer to home.

A tiny screw illustrates why.

In 2012, Apple’s chief executive, Timothy D. Cook, went on prime-time television to announce that Apple would make a Mac computer in the United States. It would be the first Apple product in years to be manufactured by American workers, and the top-of-the-line Mac Pro would come with an unusual inscription: “Assembled in USA.”

But when Apple began making the $3,000 computer in Austin, Tex., it struggled to find enough screws, according to three people who worked on the project and spoke on the condition of anonymity because of confidentiality agreements.

In China, Apple relied on factories that can produce vast quantities of custom screws on short notice. In Texas, where they say everything is bigger, it turned out the screw suppliers were not.

Tests of new versions of the computer were hamstrung because a 20-employee machine shop that Apple’s manufacturing contractor was relying on could produce at most 1,000 screws a day.

The screw shortage was one of several problems that postponed sales of the computer for months, the people who worked on the project said. By the time the computer was ready for mass production, Apple had ordered screws from China.

The challenges in Texas illustrate problems that Apple would face if it tried to move a significant amount of manufacturing out of China. Apple has found that no country — and certainly not the United States — can match China’s combination of scale, skills, infrastructure and cost.

“The skill here is just incredible,” Mr. Cook said at a conference in China in late 2017. Making Apple products requires state-of-the-art machines and lots of people who know how to run them, he said.

“In the U.S., you could have a meeting of tooling engineers and I’m not sure we could fill the room,” he said. “In China, you could fill multiple football fields.”

25++% to all Cnese products is just a matter of time, more million Cnese losing jobs

Unemployment Rate in China decreased to 3.67 percent in the first quarter of 2019 from 3.80 percent in the fourth quarter of 2018. Unemployment Rate in China averaged 4.09 percent from 2002 until 2019, reaching an all time high of 4.30 percent in the fourth quarter of 2003 and a record low of 3.67 percent in the first quarter of 2019.

Chart of China Unemployment Rate

​

So sad and so bad (for viets)

 

[Viva_Viet]

View attachment 571100
Chart of China Unemployment Rate

​

So sad and so bad (for viets)

There r 4million graduated Cnese cant find jobs.

Thats why the most angry protestors in HK r students.Ur propaganda failed when Cnese can access Google

------

The Chinese national emblem at the China Liaison Office is splashed with paint by anti-extradition bill protesters during a rally in Hong Kong. (EPA=Yonhap)

Wow, thats obsulutely a serious humiliation to CN mainland
https://defence.pk/pdf/threads/hk-police-officer-hk-protesters-are-like-zombies.627501/page-4

 

[Nilgiri]

There r 4million graduated Cnese cant find jobs.

Thats why the most angry protestors in HK r students.Ur propaganda failed when Cnese can access Google

------

The Chinese national emblem at the China Liaison Office is splashed with paint by anti-extradition bill protesters during a rally in Hong Kong. (EPA=Yonhap)

Wow, thats obsulutely a serious humiliation to CN mainland
https://defence.pk/pdf/threads/hk-police-officer-hk-protesters-are-like-zombies.627501/page-4

Also simple thing for helping unemployment data, is the govt can simply say X number of people are not looking for work anymore, and thus they are no longer unemployed (because you have to be looking for work and not find any to be unemployed....if you have given up, you simply are out of labour participation to begin with).

Thus unemployment data is tied to the credibility you attach to govt saying it.

 

[CHN Bamboo]

There r 4million graduated Cnese cant find jobs.

Thats why the most angry protestors in HK r students.Ur propaganda failed when Cnese can access Google

Ironically, none of the sources I quoted came from Chinese websites.

The number of unemployed persons in China decreased to 974 Tens of Thousands in the fourth quarter of 2018 from 975 Tens of Thousands in the third quarter of 2018. Unemployed Persons in China averaged 905.82 Tens of Thousands from 2004 until 2018, reaching an all time high of 983 Tens of Thousands in the third quarter of 2016 and a record low of 810 Tens of Thousands in the first quarter of 2004.

The number of employed persons in China decreased to 77586 Tens of Thousands in 2018 from 77640 Tens of Thousands in 2017. Employed Persons in China averaged 60813.43 Tens of Thousands from 1952 until 2018, reaching an all time high of 77640 Tens of Thousands in 2017 and a record low of 20729 Tens of Thousands in 1952.

Employment in China has basically been increasing.

I guess your media never told you there was a shortage of workers in China.

China is the fastest growing economy in the world, so it's really funny to talk about unemployment here. Don't forget that China's economy is more than 60 times that of Vietnam, but its growth rate is about the same as that of China.

 

[Viva_Viet]

Ironically, none of the sources I quoted came from Chinese websites.





Employment in China has basically been increasing.

I guess your media never told you there was a shortage of workers in China.

China is the fastest growing economy in the world, so it's really funny to talk about unemployment here. Don't forget that China's economy is more than 60 times that of Vietnam, but its growth rate is about the same as that of China.

Dude, some Western papers got well paid from CN, so they will say some good news...but HK students r smart enough to know that they CAN NOT find any good jobs due to trade war.

So, they protest, they spray black pain on CN national emblem, they want Xi to stop the trade war and focus on making jobs for the students