[Vendome]

It’s just the reality of cost to produce

Would’ve happened no matter who is president

They are publicly held and have even greater responsibility to the shareholders to produce a positive return

[Olog-hai]

No. That’s what the left wants you to believe.

[Jonty30]

And American politicians have a right to put tariffs on what is now a foreign made product.

[JonPreston]

It’s just the reality of cost to produce

Exporting Tupperware back into the US from Mexico is made profitable thanks to low-to-zero import tariffs, this a gift to corporations from our political class.

[Zhang Fei]

[It’s just the reality of cost to produce

Would’ve happened no matter who is president

They are publicly held and have even greater responsibility to the shareholders to produce a positive return]

---

I’m amazed it took this long. Tupperware makes the best plasticware in the biz, but the prices are out of this world. Like it or not, few will pay as much for them as it costs for Corning glassware. Rubbermaid and Sterilite aren’t quite as good, but way cheaper. And foreign makes of multiple origins are always nipping at their heels, although Walmart has so far held the line in stocking its store shelves with only Sterilite and/or Rubbermaid.

[JBW1949]

If I remember correctly, when Trump was President, we had companies come BACK to America from overseas...

With Biden as President, we have companies LEAVING America...

Hmmmmmmmmmmmmmm.........

[JayGalt]

You have bought into the lies. The economics of operating a plant in the US under Biden are very different that those under Trump. That is the point. The folks behind Biden are destroying America at a rapidly accelerating pace.

[cymbeline]

“It’s just the reality of cost to produce”

Offshoring to a 3rd world country is, for the reason you give, attractive to manufacturers.

It’s difficult for American human beings because offshoring, like mechanization, tends to make them obsolete.

[central_va]

BS. Tupperware makes plenty of money, WE NEED IMPORT TARIFFS TO STOP THE RAPING OF THE US WORKING CLASS!

---

Preliminary Full Year 2022 Financial Summary*
 • Net sales were $1,305.6 million, a decrease of 18% year over year (or 14% on a constant currency basis)
 • Gross profit was $836.4 million, or 64.1% of net sales
 • Loss from continuing operations was $28.4 million
 • Diluted (loss) earnings per share from continuing operations was $(0.62)
 • Adjusted diluted (loss) earnings per share (non-GAAP) from continuing operations was $0.46
 • Adjusted EBITDA (non-GAAP) from continuing operations was $124.0 million
 • Consolidated Net Leverage Ratio was 4.88x at December 31, 202

[ConservativeMind]

Well, I can speak of personal experience with a company I worked for. They made an electronic item many people had in their homes, in a Midwestern manufacturing facility.

This company, not public, desperately wanted to take advantage of the ‘Chinese miracle.’ They spent a year and a half flying to China and making the arrangements to move all manufacturing there. They banked on a 40% decrease in over costs.

They never got that, and, in fact, their costs went up to the net same as what they had in the US. How was this possible?

1. Labor costs skyrocketed, as other companies stole their workers away. Training constantly new temporary employees and having to continually increase wages to keep people and attract new ones was a huge cost.

2. Quality sucked. They had to hire more QA people who still didn't do their jobs.

3 Travel costs and dealing with the Chinese government added all sorts of overhead.

Now, imagine that the Chinese government owned the majority of their plant and everything else, along with most all suppliers this company now had to use. What are you left with?

I left as this change was just beginning and got this information from the very CFO’s area that had pushed for the China move.

That CFO said there was no net benefit in costs, and a lot more hassle, just a year and a half later.