business-manufacturing4.965 min read "Toy Manufacturers Navigate Complex Shift Away from China"
Toy manufacturers are facing challenges in shifting production from China to cheaper centers like India due to inefficiencies and infrastructure limitations. Despite rising costs in China and efforts to diversify production geographically, mainland China still dominates toy production for the US and Europe. Spiraling Chinese wages are pushing up toy prices, prompting manufacturers to seek more reasonable production costs in other countries. However, infrastructure and regulatory challenges in countries like India are hindering the shift, while the pandemic and geopolitical factors add further complexity to the situation.
2 years ago•Source: Reuters.com
