Toymakers are focusing on selling soft, squishy toys this holiday season because space in storage containers is so limited
- Companies are dealing with the limited space in
shipping containersand their increased costs.
- Toymakers are pivoting to selling small, squishy toys so they can fit more on board, CNN reported.
The limited space on shipping containers and increased price of using them has led toymakers to focus on shipping soft, squishy toys this holiday season, CNN reported.
Jay Foreman, the chief executive of toymaker Basic Fun, told CNN that he was struggling to find space on shipping containers and that the space he could find was wildly expensive.
He said that, in other years, the company could ship whatever it wanted, but this year it needed to find a solution, and decided to embrace soft toys.
"It's a simple case of how much sales volume fits in the container when containers are hard to come by," he said, adding that for smaller soft toys, "the packages are the size of a golf ball."
Yogibo, a company that sells toys, home decor, and bedding, told CNN that it was focusing on shipping small toys instead of bedding. Its CEO, Eyal Levy, said "they take up much less space and offer a higher value for the same amount of volume."
Rick Derr, the owner of Learning Express Toys in Lake Zurich, Illinois, also told CNN that his company was also going to focus on smaller items, and that "bigger items" would be scarcer this year.
Toys have been one of the worst-impacted categories by the
One of the world's largest toymakers, MGA International, said it's spending around $20,000 on a single
MGA CEO Isaac Larian recently told Bloomberg that he hdsn't experienced a situation like this in his 40-year career. "Everything that can go wrong is going wrong at the same time," he said.
Experts are advising customers to stock up early for the holidays and to be prepared to spend more.
And at this point, there's no indication that things will get any better by 2022, they say.
"Things are really bad ... it's like a huge rubber band that keeps getting stretched further and further," Dave Marcotte, longtime
- A 'hole' 30 times Earth's size has spread across the sun, blasting solar winds that'll hit our planet by end of this week
- A former Twitter engineer said they watched colleagues 'drop like flies' from a virtual meeting during Elon Musk's mass layoffs
- I'm a software engineer who struggled with procrastination until I tried 'monk mode' — here's how it saves me up to 3 hours a day
- Walmart lays off hundreds of employees to 'prepare for the future'
- Japan supermarket sales drop for first time in eight months
- Best lightweight gaming laptops to buy in 2023
- Starbucks new CEO Laxman Narasimhan to work as barista in stores every month
- Weighed down by a strong dollar, Rupee falls 24 paise to close at 82.44/USD