In our episode of Toy Business Unboxed, our host Jason Hsieh, a seasoned toy entrepreneur, shares insights on the toy industry, emphasizing the importance of passion and perseverance. Jason discusses the current issue of tariffs affecting toy manufacturing, particularly for those whose production is based in China. He offers strategies to mitigate these impacts, such as utilizing Amazon Global Logistics and Warehouse Distribution services to cut costs, considering new manufacturing regions, and re-negotiating freight and payment terms with suppliers. Additionally, he highlights the benefits of potential packaging adjustments and simplifying product designs to maintain profitability. The episode touches on the importance of conducting a tariff impact assessment and offers free consultations to help toy businesses navigate these challenges.
⭐Highlights:
00:00 Introduction to Toy Business Unboxed
00:42 Challenges in the Toy Industry: Tariffs and Manufacturing
01:24 Strategies to Tariff-Proof Your Toy Business
03:28 Jason Hsieh's Background and Business Ventures
07:22 Amazon Programs for Cost Reduction
16:12 Diversifying Manufacturing and Packaging Optimization
21:25 Negotiating Better Terms with Manufacturers
30:47 Tariff Impact Assessment and Profitability Audit
34:02 Q&A Session and Closing Remarks
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!