In the first quarter, both the supply and demand sides of the printer market in China were “blocked,” and the entire 2022 year may not be better.
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That would likely be Pantum International, a Chinese printer company owned by Ninestar Corporation.
Other main issue is the disrupted supply chain, with back-orders up to eight-times the normal number.
Company indicates it may also expand into other countries in the Western Hemisphere.
Firm reports increases for revenue, operating profit, and net income, including for its Document Solutions business.
Acquisition said to be part of company’s focus on becoming a digital-services company; will also seek to expand alliance with Fujitsu.
Firm cites difficulty in recovering investment in MOBOTIX video-surveillance business, and supply constraints for office MFPs, production printers, and IT equipment.
Despite constraints, posts fifth consecutive quarter of sales growth.
Company reports large equipment backlog and lower equipment installations, but says it will benefit from workers increasingly returning to the office, less supply constraints.
From desktop printers, laptops, PCs, and remote-conferencing solutions, to cloud connectivity and remote device management, document-imaging companies are providing advanced solutions for the hybrid-workplace era.
New features include available Bitdefender virus protection, enhanced cloud connectivity, and new document-finishing options.