Toy giant avoids shipping crisis and pays millions to fly ‘Beanie Babies’

  • The soft toy company said it is averting the crisis in ports by paying millions for air shipments.
  • Ty has spent at least $ 225 million since October flying his “Beanie Babies” from China to the United States.
  • Ty’s owner said in a release that toy prices have not risen, although shipments cost more.

Toy giant Ty says it has spent at least $ 225 million flying its products from China to the United States to avoid jammed container ports.

The soft toy company that makes “Beanie Babies” and “Beanie Boos” began using air freight in October to transport its goods from China, where they are made, according to a press release on Monday.

It has so far paid for more than 150 cargo flights, which can cost between $ 1.5 million and $ 2 million each, it says.

An increase in consumer demand, combined with labor shortages, has created delays and traffic jams at seaports across the globe, causing massive disruptions in supply chains. The upheaval has boosted demand – and prices – for air freight as retailers struggle for alternative ways to get their goods on the shelves.

Although Ty pays more for shipments, the company’s owner, Ty Warner, said it has not increased the prices of its toys.

“The widely reported problems with global supply chains have thrown a pallet this coming Christmas,” Warner said in the release. “I’m here to tell our customers that despite what they may have read or heard, Christmas is does not canceled. “

The company sends its “Beanie Babies” and “Beanie Boos” from several airports in China, including Shanghai and Hong Kong, to O’Hare International Airport in Chicago, where the products are then taken to Tys headquarters in the city for further distribution, the release said.

Leave a Comment