Protect the Child! Coronavirus is delaying Baby Yoda toy production.
Just like the bounty hunters in The Mandalorian, it looks like the coronavirus is also coming after "Baby Yoda" (aka The Child)!
Hasbro was expected to release some highly anticipated Baby Yoda toys by the end of March, but it looks like the Force will not be with us.
The toy company confirmed that their production of Baby Yoda toys is being delayed by the outbreak of the coronavirus. Quarantines and restricted travel in China have closed factories, prevented workers from coming to work, and disrupted toy assembly. There’s also a shortage of resin and plastics that are only available in China, which has also significantly impacted toy production.
Hasbro CFO Deborah Thomas said, "We are working to mitigate the impact of our manufacturing partner factories being closed longer than anticipated, as well as to reschedule the shipments we have not been able to make."
Although Hasbro is close to being able to ship what they originally expected, industry expert Jim Silver expects a decline of 5-10 percent in Baby Yoda toy production because of the coronavirus, and this isn’t the only toy that’s on the chopping block. Hasbro officials believe the virus could have a significant impact on their revenues, profitability, and business.
“If things aren’t normal by the time June and July roll around, there will be shortages on a litany of toys," said Silver.
Hasbro is working to mitigate the impact of coronavirus by moving part of its supply chain out of China. According to Hasbro Chief Operating Officer John Frascotti, “In the next couple of years [we] will be about 50% out of China."
Now, this is the way.
Did you order a Baby Yoda toy and are worried you won't receive your order? Let us know how you feel in the comments!