Archive for: earthquake

Camera Gear Costs More Right Now

Camera Gear Costs More Right Now

I mentioned a few weeks back, that if you were going to buy anything camera related, that was the time.

There’s lots of reports of price increases across the globe. This was bound to happen as retailers were and are still unsure what stock levels are going to be like.

New rebate programs and other things have been cancelled or postponed.

There have been no price increases from Canon, only from retailers. They were running on a 3-5 point margin, now they’re up to 10 points or more in some cases.

This isn’t news to some folks, but I had to clear things up for others.

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Canon Japan Earthquake Update

Canon Japan Earthquake Update

Recovery Status Report for Canon Inc. and Canon Group Following Great East Japan Earthquake

TOKYO, April 4, 2011—The Great East Japan Earthquake, which struck off the northeast coast of Japan’s main island of Honshu on March 11, caused massive damage and loss of life in the area. We at Canon extend our heartfelt condolences to all those affected by this disaster, along with their families and loved ones. We pray for the safety of everyone in affected areas and hope that the region will soon be able to begin the rebuilding and healing process.

As for the Canon Group, immediately following the earthquake, Canon Inc. established the Earthquake Disaster Recovery Task Force (Task Force Chief: Chairman & CEO Fujio Mitarai), launching recovery activities spanning development, production and sales operations through a collective effort across the Canon Group.

Although the Canon Group sustained damage to buildings and production equipment, a concerted Company-wide effort has already made possible the resumption of production activities at multiple Canon Inc. operation sites and Canon Group companies. In addition, through ongoing recovery measures being carried out in conjunction with related divisions, all Canon Inc. operation sites and Canon Group companies are expected to achieve a full recovery as of the end of April.

With regard to the multiple operation sites and Canon Group companies in Japan that sustained no direct damage due to the earthquake and its aftermath, the Company is left with no alternative but to continue adjusting some production activities due to rolling blackouts and procurement conditions for raw materials, parts and other supplies.

The status of major Canon Group operating sites as of Monday, April 4, is outlined below.

Operating Status of Operation Sites and Canon Group Companies

Canon Group Operation Sites

  • Optics R&D Center, Utsunomiya Office (Utsunomiya, Tochigi Prefecture) Operations resumed on March 22 (Tue.) Currently fully operational
  • Utsunomiya Plant, Utsunomiya Office (Utsunomiya, Tochigi Prefecture) Production to sequentially resume from mid April
  • Utsunomiya Optical Products Plant, Utsunomiya Office (Utsunomiya, Tochigi Prefecture) Operations to resume in mid April, with production to sequentially resume from same time
  • Toride Plant (Toride, Ibaraki Prefecture) Operations resumed on March 18 (Fri.) Currently carrying out intermittent production
  • Ami Plant (Inashiki-gun, Ibaraki Prefecture) Operations resumed on March 17 (Thur.) Currently fully operational

Canon Group Companies

  • Canon Precision Inc. (Hirosaki, Aomori Prefecture) Operations resumed on March 23 (Wed.) Currently carrying out intermittent production
  • Canon Chemicals Inc.: Headquarters & Tsukuba Plant (Tsukuba, Ibaraki Prefecture) / Iwama Plant (Kasama, Ibaraki Prefecture) Operations resumed at headquarters and Tsukuba Plant on March 22 (Tue.) Currently fully operational
  • Operations resumed at Iwama Plant on March 28 (Mon.) Currently almost fully operational
  • Fukushima Canon Inc. (Fukushima, Fukushima Prefecture) Operations resumed on March 22 (Tue.) Currently fully operational
  • Canon Mold Co., Ltd. (Kasama, Ibaraki Prefecture) Operations resumed on March 22 (Tue.) Currently almost fully operational
  • Oita Canon Inc. (Kunisaki, Oita Prefecture) Operations resumed on April 1 (Fri.)
  • Currently carrying out intermittent production
  • Nagasaki Canon Inc. (Hasami-cho, Higashisonogi-gun, Nagasaki Prefecture) Operations resumed on March 30 (Wed.) Currently carrying out intermittent production
  • Canon Optron, Inc. (Yuki, Ibaraki Prefecture) Production to sequentially resume from early April

Other Factors

1) Depending on the procurement conditions for raw materials, parts and other supplies, production at Canon Inc. operation sites and Canon Group companies, including those mentioned above, may become intermittent.

2) In regions subject to scheduled rolling blackouts, ensuring stable operations may prove difficult due to electrical outages.

Disclaimer: The information contained in this news release is current as of the release date. Please be aware that information regarding circumstances from April 5 onward is subject to change.

 

The Bad News [CR2]

The Bad News [CR2]

Delays?
Not hearing a lot of positive things about current products and new products because of the Japanese earthquake.

The latest info I’ve received says all of Canon, Nikon and Sony are still unsure what the near future is going to bring.

Canon may be in fact delaying new product announcements. I was told every executive within Canon is being told to “prepare for the worst”. Sales reps are being told not to say anything.

I do not personally know anything about the rolling blackouts and “dead zone” expansion in Japan around Canon manufacturing facilities.

I’ve received no word whether or not Canon is looking at moving some manufacturing to different countries.

Pricing Rising
As  a lot of you have probably noticed, camera equipment is getting more expensive and disappearing from shelves. There’s lots of out of stock items around various stores.

A lot of retailers are getting or close to getting MSRP for camera stuff. This is not going to change quickly.

All rebate programs that were planned have been cancelled for the most part. I’m still looking around to see if any are still a go.

Recent Rumblings
I’m not sure what to make of recent product announcement rumblings, whether things have leaked because plans have changed.

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Much Ado About Nothing

Much Ado About Nothing

The “Rumors”
There are lots of “typo rumors” circulating the web at the moment. Retailers having placeholders for cameras that don’t exist, as well as stuff showing up on Canon’s own site.

I have very good sources that let me know when announcements are coming. Sometimes these invitations to press events are NDA’d. I have received absolutely nothing about DSLR products.

Video
Two people have written in saying there will be “significant” announcements from Canon for NAB. Neither was able to elaborate on products. We don’t focus a lot on video at Canon Rumors, but if you know something…. I’d like to know too.

I hope going to NAB will change how we report video related products.

I wish I had more to write, but things really became quiet after the earthquake in Japan. I do expect things to pickup around April 1st with a lot of sillyness, and then the real stuff.

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NAB Announcement? [CR1]

NAB Announcement? [CR1]

Something Coming?
There’s some talk about a “significant” Canon announcement for NAB. I wouldn’t think NAB would bring about a DSLR announcement, but maybe something in the camcorder realm is a possibility.

Availability of anything new is another story.

Japan
Lots of people are asking what’s going to happen with stock levels and things like that with Canon and other Japanese origin gadgets. The answer is, I don’t know.

Canon is telling their reps not to say anything about Japan and what effect this tragedy is going to have on the industry. For the moment, no one really knows.

What I will say, is do not expect this to be rectified in a couple of weeks. We’re talking months before anything gets back to what is considered “normal”.

Canon Canada Cancels Upcoming 60D Rebate
Canon Canada has cancelled an upcoming instant rebate program on the 60D, a casualty of the earthquake. There’s probably going to be more of this coming in the next few weeks.

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Earthquake Effect on Canon Products

Earthquake Effect on Canon Products

Mostly Unknown
What’s going to happen with manufacturing is still pretty unknown at the moment. I think it’s safe to say we’re going to have shortages of products over the next few months. I’m not sure how “just in time” Canon is with inventory to various nations around the world, but I don’t imagine they warehouse a lot of stuff in Japan.

Beyond manufacturing, they have to be able to get the product out of the country. Shipping ports, airports, trains, trucks and all that are very affected by the earthquake.

Advice?
If you really wanted something but were holding off for a better price, I’d consider picking it up before the possibility of stock issues or price increases at various retailers.

Announcements?
All information has stopped trickling in. I am unsure for the moment if any product launches or announcements have been posponed.

Canon Humanitarian Efforts (Canon Canada Official Statement)

I would like to provide you with the available updates around the devastating earthquake and tsunami that hit Japan causing widespread destruction and injury. There are a total of three Canon Inc. operational sites and five group companies located in Japan. Unfortunately, 15 of our employees at one location were injured. Thankfully their injuries are not life-threatening.

The damages to buildings and equipment vary from location to location and the supply of essential utilities (gas, water and electricity) has been negatively impacted. The country has announced that there will be rotating black outs to assist in the relief effort in all areas.

The Company continues to ascertain the extent of the damages and determine the best course of action. The impact on future production has yet to be determined and contingency plans are underway. However, we do expect there will be some disruption in some areas.

We will be keeping the most up to date information posted on the canon.ca homepage under latest news for your information. We will communicate any known impacts on our business to you as they become available. In the interim, we understand you will need to make the appropriate business decisions for your organization and we will endeavor to provide you the most up to date information possible.

To aid in the relief efforts, the Canon Group is making a donation of 300 million yen (approximately $3.5 million Cdn) to the Japanese Red Cross Society and other humanitarian aid organizations, and will provide supplies as needed.

Our thoughts are with our fellow employees and their families in Japan as well as those working abroad whose families have been impacted. We would like to extend our thanks to those of you who have already expressed your concern for our employees at Canon. It is very much appreciated.

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Canon Updates Manufacturing Status

Canon Updates Manufacturing Status

Canon updates their manufacturing status at various plants around Japan. They still report minimal injuries.

Every plant is closed on March 14, and most remain undecided beyond that.

Read the official document

No word whether or not product announcements will be affected or not. Manufacturing of everything else will be.

thanks Konstantin

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Canon Survives Japan Earthquake

Canon Survives Japan Earthquake

Canon Survives the Earthquake
Not that the ability to make cameras, lenses and printers matters all that much in the grand scheme of things. Canon did release statement saying they suffered no damages that would halt production.

Some Photos from Japan: Check them out

Official Bloomberg story after the break.

Canon Inc., the world’s biggest camera maker, didn’t suffer damage to plants that would halt output, said Hirotomo Fujimori, a spokesman in Tokyo, where the company is based.

The quake was followed by a 7.1-magnitude aftershock at 4:25 p.m., the U.S. Geological Service said.

Boats smashed into walls as the tsunami struck, inundating buildings with black water full of debris across stretches of coast north of Tokyo, NHK images showed. One large building was lifted off its foundations and dragged into the ocean.

Farmland was flooded with burning debris in some areas as the tidal surge swept inland. Large boats were left stranded after the water surged back to sea.

Airport Flooded

The airport in Sendai, a city of 1 million people 310 kilometers north of Tokyo, was flooded by the tsunami, according to NHK footage.

Japan Airlines Corp. diverted 22 flights to other airports, the company said in a faxed statement. In total, 27 flights have been impacted by the quake, affecting 5,290 people, the statement said.

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