Fujifilm North America Corporation, Graphic Systems
Division, announced results from interviews with more than 1,100 customers
indicating an encouraging outlook for print service providers despite the
recent COVID-19 impact.
The highest
number of responses (32%) projected a return to normal business conditions in
the July/August 2020 time frame and 24% projected a return to normal business
conditions in September/October 2020. Overall, a total of 72% of the customers
expressed optimism about a return to normal business conditions by October.
In regard
to staffing, the highest number of respondents said staffing levels remained
unchanged for 36% of respondents, while some accounts reported decreases of
between 1% and 26%. Some respondents reported retention of staff and use of
material cutting and sewing capabilities to successfully shift business
priorities and produce personal protective equipment to support COVID-19
response. A significant number of customers (54%) reported applying for
Paycheck Protection Program or operating loans.
Expanding
the variety of production capabilities was key to business continuity plans for
print service providers, as the reported production volume impact from COVID-19
was significant, with 83% of the respondents reporting declines in production
volume up to 40% or more since the start of the pandemic. This statistic
excludes businesses deemed essential during the shutdown, including news/print
media, whose performance remained flat during this time.
Across
segments, despite lower order intake in April, there has been a significant
increase in demand for consumable products in May that correlates closely with
states re-opening and an increased level of business activity across the
country.
Fujifilm
North America Corporation, a marketing subsidiary of Fujifilm Holdings America
Corporation, consists of four operating divisions and one subsidiary company:
Imaging, Electronic Imaging, Graphic Systems, Optical Devices and Fujifilm
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