The GBP to Euro and Euro to Yen exchange rate has been causing serious problems for British companies purchasing Japanese manufactured products over recent months. A large majority of office photocopier and multifunctional device brands are manufactured in Japan, including, Ricoh, Fuji Xerox, Sharp, Konica Minolta, Kyocera Mita, Panasonic, Toshiba and Canon. Taking Canon as an example, it can be shown how much these exchange rates can affect photocopier costs. Canon Europe headquarters purchase their machines, parts and toner in Yen from the manufacturers. The Euro to Yen exchange rate has become weaker and weaker over the past 6 months (), increasing purchasing prices by 30 percent. These products are then bought by Canon UK and, with the GBP being weak against the Euro (), Canon have had to endure an increase in cost prices by another 30 percent. This means that before the products have even reached the suppliers they could have incurred a price increase of up to and beyond 60 percent. The negative Sterling to Euro and Euro to Yen exchange rate has forced photocopier manufacturers such as Canon and Ricoh to pass some of the price increases on to their UK suppliers and dealerships, leaving these businesses in a difficult situation.
google_ad_channel = "7940249670, " + AB_cat_channel + AB_unit_channel;
google_language = "en";
google_ad_region = 'test';
Find out more information and comment about whether these are disastrous times for the copier industry
