Hasbro’s CFO and COO, Gina Goetter, highlighted the company’s successful supply chain reconfiguration as a key factor in achieving significant cost reductions, with approximately 60% of the $177 million in savings for 2024 stemming from inventory reduction and productivity improvements. The company aims for $250 million in net savings this year and $750 million by the end of 2025. Hasbro’s lean inventory strategy has led to a 39% decrease in owned inventory year-over-year, emphasizing the importance of demand forecasting and supply chain agility while fostering collaboration between design and supply chain teams to enhance market responsiveness.

Source: https://www.supplychaindive.com/news/hasbro-q3-earnings-supply-chain-overhaul-inventory/731906/