January 10, 2022
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TTI Composite Stock Index
The TTI Composite Stock Index was up 1% between December 10, 2021 and January 7, 2022. The Dow Jones Average was up .07% and the NASDAQ was down -4.4% over the same period. For more information see the TTI Composite Toy Stock Index of this report.
Spot Rate Container Prices Up
The cost of a container from Shanghai to New York or Los Angeles was up 3% and Shanghai to Rotterdam remained flat from December 23, 2021 to January 6, 2022. For more information see the World 40 Foot Container Spot Rate section of this report.
Trucking Problems Hit Port of Ningbo
" Trucking Snarls Near Key Chinese Port May Cost Economy $4 Billion a Week, " Ann Koh, Bloomberg News, January 8, 2022
Former McDonald's CEO Cautions About Baby Boomer Retirements' Impact on the Labor Market
"A former McDonald's CEO warns that a surge in retiring baby boomers amid ongoing hiring struggles will lead to a 'catastrophe'," Avery Hartmans, Business Insider, January 5, 2022
Chris Cocks, Hasbro's New CEO, Will Face a Cultural Challenge
Congratulations to Chris Cocks, Hasbro's new CEO. I am very interested in the cultural challenge he will face. Hasbro has been run by family members and company insiders throughout its history. All were long-time toy industry veterans and steeped in Hasbro's east coast culture.
Mr. Cocks is relatively new to the toy industry, having begun his career with Wizards of the Coast in 2016, a Hasbro subsidiary company. Before coming on board with Hasbro, Mr. Cocks was a 14-year Microsoft veteran.
Mr. Cocks will have to find harmony between his west coast background and his new east coast environment. Those of us steeped in east coast toy culture know it will be a challenge. We wish him only success.