Hasbro Takes Preemptive Action Against Tariff Impact on Toy Industry

Facing potential financial strain from new tariffs, Hasbro CEO Chris Cocks has unveiled a $1 billion cost-saving plan to offset the impact on the toy industry. The plan aligns with efforts to diversify supply chains and strengthen relationships with retailers, aiming to mitigate potential losses during this period of uncertainty. 2008 recession serves as a historical benchmark for how companies navigate economic shocks, prompting Hasbro to implement proactive measures similar to those taken at the time.