Making toys is up to 40% more expensive and prices will go up this Christmas


SUBMITTED BY: Sofis91

DATE: Oct. 12, 2021, 4:14 p.m.

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  1. The rising cost of raw materials and transport, particularly from Southeast Asia, among other factors, have raised the costs of manufacturers
  2. The lack of raw materials to make almost everything, from plastic toys to shipping containers to cars, also affects the toy industry, which is experiencing an increase in costs of between 20% and 40%. This Christmas there will be toys, yes, but something more expensive
  3. With raw materials, something similar to what happened in supermarkets in March 2020 is happening in 2021 with some products, which were sold out because excessive stockpiling was made due to the fear that they would run out.
  4. The iron pipes for the structures of cars and slides have also become more expensive by 30%.
  5. In the case of microchips, although those used by toy makers "are simpler, much less technological than those used in the automotive industry," there is also over-demand, since "what is scarce are the semiconductors from which they are made."

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