Hasbro plans to move production of many U.S.-bound products from China to other countries to mitigate tariff-related costs, as CEO Chris Cocks announced during a Q1 earnings call. The company currently sources about 50% of its U.S. toy and game volume from China, aiming to reduce this to below 40% by 2026. While China will remain a key manufacturing hub due to its specialized capabilities, Hasbro is diversifying its sourcing strategy amid ongoing trade tensions and tariff increases, which could impact costs and logistics in the short term.

Source: https://www.supplychaindive.com/news/hasbro-tariffs-china-manufacturing-move/746683/