Japan Crisis may affect USB Drive Market
The consumer electronics industry was dealt a massive blow last Friday as Japan suffered from the largest earthquake in the country’s history. This catastrophe measured upwards of an 8.9 on the Richter scale and sent a tsunami wave which devastated the coastline. The loss of life is tragic in the wake of the disaster, but for those lucky enough to survive; life will never be the same. Our hearts are with them. Please click here to donate to the Red Cross.
There are reports coming out of Japan that many of their consumer electronic manufacturing plants have shut down to assess damages. Manufactures such as Sony, Panasonic, Hitachi, Nikon, Canon, and Fujifilm have all been affected by Friday’s events and it is unclear as to when the plants will open and resume normal operations. This deals not only a huge blow to Japanese workers who rely on their paycheck, but also for the consumer electronics industry as many of these manufactures produce products we use in our everyday life.
One manufacture’s closure in particular, Hitachi, has major implications for USB NAND flash pricing in the coming months. Hitachi, who is the 3rd largest technology company in the world, closed their manufacturing plant for several hours over the weekend. Luckily they were able to re-open their plant and resumed operation. However the small downtime has contributed to an increase in NAND flash memory prices.
Whether or not we will continue to see price volatility in the next few days is unclear. Delays may be possible and exact availability is unknown. We are however working diligently to ensure that custom USB orders are not delayed due to the natural disaster in Japan. We will update you on the situation as the latest news is presented to us.
If you have any questions please feel free to contact us. Our hearts and prayers go out to the people in Japan. Again please consider donating to the relief effort. Thank you.