This Week in Imaging: That’s One Way to Avoid Tariffs
In what should probably surprise no one,The Epoch Times reported this week that Ricoh is shifting some of manufacturing out of China. The move is said to be in response to U.S.-imposed tariffs on China-made goods. But, as might be expected, Ricoh isn’t moving out of China to the United States, but to other low-cost countries in Southeast Asia. The move is said to be prompted not just by the U.S.-China tariff war, but also by growing labor and land costs in China. According to classic economic theory, growing labor and land costs are to be expected as a country’s economy advances. Other tech companies, including Apple, Samsung Electronics, and GoPro, are said to be doing the same – but again, they’re not moving production to the United States. Still other companies, such as HP Inc., are trying to get their products exempted from the tariffs.
The other interesting news this week was Xerox’s rebranding of Global Imaging Systems to Xerox Business Solutions (XBS), a move which of course makes sense – why shouldn’t a Xerox company not have Xerox in its name? But although Xerox investor Carl Ichan has critisized the practice, XBS dealer companies will still offer competitor product lines.
This Week in Imaging: