Jazwares CEO on the state of the consumer and harnessing AI

Summary

Becky Quick interviews Jazwares CEO David Neustein at the Berkshire Hathaway annual meeting. They discuss the company's top-selling toys (Pokemon, Squishmallows), the impact of rising gas prices on consumer spending, and how Jazwares uses AI to improve operations and supply chain efficiency. Neustein also touches on tariffs and the advantages of being part of Berkshire Hathaway.

• Jazwares CEO discusses product innovation and top sellers like Pokemon and Squishmallows.
• Consumer discretionary spending is pressured by higher gas prices.
• AI is used across customer service, supply chain, and cyber defense.
• The toy industry has shifted from traditional retail to online and social media.
• Being part of Berkshire Hathaway provides shared knowledge and scale.
• Tariffs remain a challenge but the company adapts with a long-term American focus.