Canon is considering outsourcing some manufacturing and assembly outside of Japan in an effort to become more cost efficient.
Canon chairman and CEO Fujio Mitarai says the company may reorganize its manufacturing efforts, potentially moving additional camera production outside Japan.
However, global demand for compact cameras has rebounded in the past year or so. So much so that not only are older models selling for huge sums on eBay, but Canon’s competitors are, and there is a good reason for that. Canon had been producing compact cameras in a factory in Zhuhai, China, but the company closed the factory in 2022, about a year before the
The year before the Zhuhai plant closure, the digital camera market hit a new low, with global digital camera shipments dipping to just over eight million units, down from 120 million units in 2010.
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