Shipping woes wrecking wish lists | Business | The Journal Gazette
NEW YORK – With less than three months until Christmas, the Basic Fun toy company has made an unprecedented decision: leave one-third of its ico ...
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NEW YORK – With less than three months until Christmas, the Basic Fun toy company has made an unprecedented decision: leave one-third of its ico ...
>> i really can't say how long they're going to be like this. i think we're all going to wait and see how long this shakes out. >> kyung lah, thank you so much for that report. the next guest under the supply chain disruptions all too well. i'm joined by jay foreman, ceo of the iconic tonka trucks something that all love, including mine. jay, good morning to you. you have been in the toy business for four decades but you have said you have never seen supply chain disruptions. describe, how bad is it? >> it's as bad as you can imagine. there's about ten or 15 steps in getting a toy produced a...
Needs to get signed. there's $17 billion in there for ports. you saw how clogged the ports are. there's $32 billion in it for transportation, upgrades and infrastructure. that, we really need. that's going to be really important to business all over america. and the american workers as well. >> this just shows you how the dysfunction in washington has that sort of trickle-down effect to folks like you, small business owners, large business owners even who are struggling right now. >> it sure does. it sure does. >> jay foreman, thank you so much. appreciate it. >> you're welcome. coming up, a...
Running out of time to get its products on store shelves ahead of the holidays, the Basic Fun toy company made an unprecedented decision: It’s leaving one-third of its iconic Tonka Mighty Dump Trucks destined for the U.S. in China.
IT’S the beginning of October, just the start of what the retail world simply calls “peak.” But the industry is already in various forms of panic that usually don’t take hold until the weeks before Christmas. Early in the year, the hope was that the bottlenecks that gummed up the…