Originally made from steel at a Minnesota factory, Tonka trucks have been imported from Asia for the last couple of decades. But now the new Chinese chief executive of toymaker Funrise is exploring how to make at least a few Tonka trucks in the United States.
“Toy manufacturing in the U.S. has dwindled to almost zero,” says CEO King C. Cheng, 23, who is too young to remember when toys were made anywhere but Asia. But with a nudge from Walmart, which has vowed to buy $250 billion worth of American-made products over the next decade, Funrise is giving its manufacturing footprint a second look.
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