Toys are being added to the growing list of things affected by the global supply chain headache.
Toy manufacturer Mattel, maker of Barbie, Hot Wheels, Fisher-Price, and other famous brands, has announced it will raise prices in the second half of the year, just in time for the holiday shopping season.
Mattel’s CEO says the company is going through global supply chain shortages, including higher production and shipping costs. He added the company is offsetting these costs by raising prices for its toys.
It’s unclear if stores will pass on the higher price to consumers. Rival toy company Hasbro already announced its price hike.