Research paper 09/34 22 april 2009 the financial crisis in the us: key events, causes and responses : the current financial crisis started in the us housing market in 2007. The company notified chinese police, who quickly launched a criminal investigation, according to a letter from mattel thanking chinese authorities, which was obtained by the ap. Mattel's chinese sourcing crisis of 2007 regarding to this case study there are three parts involved, which are the mattel company and the chinese manufacturer, the regulation party of chinese authority and the governments of america and china. Ii abstract master thesis within business administration title: problems and challenges of global sourcing ----- a study of chinese manufacturing enterprises.
Open document below is a free excerpt of mattel's china experience - case study analyisis from anti essays, your source for free research papers, essays, and term paper examples. The charleston daily mail concluded that, mattel ordered three high-profile recalls this summer involving more than 21 million chinese-made toys, including barbie doll accessories and toy cars because of concerns about lead paint and tiny magnets that could be swallowed(charleston daily mail, 2007. The toys were made by one of the chinese manufacturing plants, lee der industrial mattel had been a partner with lee der for over 15 years mattel's independent safety checks on chinese manufacturers did not prevent the recall. In the middle of year 2007, mattel had to deal with a product crisis, the worst-ever in its history mattel feared that its toys had toxic lead content higher than the permissible level this could lead to a risk of health hazards for kids.
Mattel's global sourcing in china, like all other toy manufacturers, was based on low-cost manufacturing, low-cost labor, and a growing critical mass of factories competitively vying for contract manufacturing business. Mattel toys thesis: this is a rhetorical analysis of the response strategies employed by mattel during the recall crisisthis decision would come back to haunt the toy manufacturer in the summer of 2007. Knowing it had to act fast like rc2'sstock prices dropped as well5 million toy trains coated in toxic chinese lead paint investors000 laugh & learn™ and learning kitchen™ toys to implement a global crisis communication campaign58 and $23 x and both outperformed mattel in 2007 64 therefore. Once the soundtrack to a financial meltdown was the yelling of traders on the floor of a financial exchange now it is more likely to be the wordless hum of servers in data centres, as algorithms.
Sourcing crisis of 2007 bob eckhart, ceo of mattel (us), had a problem mattel had discovered on july 30 that a number of its toys manufactured in china contained lead paint the following month had seen a series of recalls, rising political tensions between the united states and chinese governments, and a suicide but no company had been in china. Essay on mattel's china experience: a crisis in toyland 1280 words | 6 pages mattel's china experience: a crisis in toyland in 2007, mattel a california based toy company shockingly recalled 19 million toys that had been manufactured in china. Mattel's chinese sourcing crisis of 2007 bob eckhart, ceo of mattel (us), had a problem mattel had discovered on july 30 that a number of its toys manufactured in china contained lead paint the following month had seen a series of recalls, rising political tensions between the united states and chinese governments, and a suicide but no.
El segundo, california — the wake-up call for mattel came just as it was preparing to announce that the company would recall 15 million chinese-made toys that were tainted with lead paint. 2008-2009 financial crisis pre crisis the 2008-2009 financial crisis the 2008-2009 financial crisis was the biggest postwar era downturn these are the main macroeconomic implications. Exhibit 1 china-manufactured products recalled by the u s consumer products safety commission between august 3 and september 6, 2007 mattel's sourcing chinese manufacturers were the source of 65% of mattel's toys.
According to the financial times press article trouble in toyland: new challenges for mattel-and 'made in china', one of the main issues in the lead paint crisis at mattel was that the chinese contractors had subcontracted the painting of the toys to another company that used inferior and unauthorized products. Andy wong / ap thomas a debrowski, mattel's executive vice president for worldwide operations meets with chinese product safety chief li changjiang at the general administration of quality supervision, inspection and quarantine (aqsiq) office in beijing friday, sept 21, 2007. Chinese sourcing crisis of 2007 regarding to this case study there are three parts involved, which are the mattel company and the chinese manufacturer, the regulation party of chinese authority and the governments of america and china.