La-Z-Boy’s strength sapped by COVID-19 while active in supply chain shift — Panjiva
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La-Z-Boy’s strength sapped by COVID-19 while active in supply chain shift

China 3047 Cons. Discr. - Durables 573 Coronavirus 511 Quote Watch 452 Tariffs 1865 U.S. 5398 Vietnam 412

Furniture manufacturer La-Z-Boy expects an extended return in its manufacturing output after COVID-19. CEO Kurt Darrow has indicated that the firm has “made the decision to permanently close our Newton, Mississippi La-Z-Boy branded manufacturing facility and reduce our global workforce by approximately 10%.” The firm has had to simultaneously balance dealing with COVID-19 with restructuring its supply chain in response to the U.S.-China trade war. U.S. seaborne imports linked to the firm from China dropped by 75.2% year over year in April and May combined. Those have been partly replaced...

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