Law & Politics

Mattel’s CEO attends White House meeting with President Biden to discuss supply chain issues

Mattel Inc Chairman and CEO Ynon Kreiz has attended a White House roundtable meeting with President Biden and leading U.S. CEOs to discuss supply chain and the holiday shopping season in the U.S. Mr. Kreiz said: “I was encouraged by President Biden’s commitment to support the private sector in mitigating supply chain disruptions, including …

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E-commerce threatens UK’s net zero target, warns leading economist

A leading economist has revealed that the unrelenting rise of e-commerce will create an additional 38,885 extra HGV round trips per day by 2025. These extra vehicles could take up one lane of the motorway from London all the way to Aberdeen, bringing the UK’s road network to a halt by the end of this decade, unless …

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The CBI and 41 UK trade associations call for business rate reform

Ahead of COP26, the UN Climate Change Conference in November, employers representing around 261,000 UK businesses and nine million employees say business rate reform is essential for green investment. The CBI and 41 trade associations spanning the UK economy have issued a joint statement outlining how action by the Chancellor …

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Almost HALF the toys sold by third-party sellers on online marketplaces could be lethal to kids, says shocking new report

Nearly half the toys tested in a recent study that were purchased from third-party sellers via online marketplaces could choke, strangle, burn, poison and electrocute children, according to a shocking new report commissioned by the British Toy and Hobby Association. Launching today, the BTHA’s new campaign – calling for urgent …

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Melissa & Doug launches major new sustainability drive under Project Restore

The international toy company, Melissa & Doug has detailed a major new sustainability initiative focused on environmental and social measures under the campaign title, Project Restore. The initiative will guide the company in its existing work on environmental responsibility, social equity, and inclusion, as well as its ambitious new plan …

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Mattel plans to halve its greenhouse gas emissions and hit zero manufacturing waste by 2030

Mattel has detailed new plans to reduce its greenhouse gas emissions by 50 per cent and achieve zero manufacturing waste by 2030 in its 2020 Citizenship Report. The report, published today, features updated Environmental, Social, and Governance strategy and goals, while underscoring the toy maker’s previously announced goal to achieve …

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Shipping latest | Maersk reports ‘blockbuster Q2’, shippers bite back at ‘cartel operations’, and is there a road to recovery?

The Danish integrated shipping company, Maersk has just posted ‘blockbuster Q2 results’ beating its Q1 ‘best quarter ever’ to reach $5.1 billion on revenues of $14.2 billion. The company’s full-year guidance is now double what it was at the start of the year, having raised its EBITDA estimates to somewhere …

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80% of global toy market ‘still not answering the call for better sustainability,’ says new whitepaper

Despite the increase in awareness and consumer demand for better sustainability within the global toy industry, a startling 81 per cent of the market remains unmoved by the call to improve their commitment to the cause. A new whitepaper produced to support the industry on its quest for sustainability has …

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China Shipping Crisis | The Entertainer urges consumers to get their Christmas shopping early

With shipping from China reaching a crisis point that has seen costs skyrocket to all time highs amid a shortage of containers within the global supply chain, the UK’s independent toy retailer, The Entertainer is making its message to the consumer clear. Costs, shortages, and delays have hamstrung companies across …

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Conflicted and terrified | Toy retail and gaming events approach ‘Freedom Day’ with caution and confusion

With Government plans full steam ahead to lift all Covid restrictions on July 19th, despite evidence of rising cases, the discordantly named Freedom Day has left toy and game communities at odds with the change in approach to health and safety this summer. This week has seen major events in …

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