Latest Factory Closures News & Updates

New Delhi, May 29 (IANS) Factory closures and job losses have hit China’s toy industry amid weakening global demand, rising production costs and ongoing supply chain disruptions, a report has said.According to an analysis of PML Daily, the industry — which was once a key pillar of China’s export manufacturing base — reportedly facing one of its most severe downturns in decades, with orders falling sharply across multiple production hubs. Manufacturers are increasingly under pressure from h…