1342 ET - In 2025, Mattel expects less than 40% of its total production to come from China and less than 10% to come from Mexico. The company doesn't source from Canada, CFO Anthony DiSilvestro says at the UBS Global Consumer and Retail Conference. The maker of Hot Wheels and Barbie has "a competitive advantage and a good position when it comes to managing the tariff exposure," he says, citing its flexibility in sourcing and adjusting its global supply chain. This is because the company spent the past few years building out a supply chain that isn't overly reliant upon any one country. "We also are looking at potential pricing actions to mitigate the impact of tariffs, because it is our intent to protect our gross margins," DiSilvestro says.(connor.hart@wsj.com)
(END) Dow Jones Newswires
March 13, 2025 13:42 ET (17:42 GMT)
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