Ricoh clarifies its commitment to print | Print4Pay Hotel

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Ricoh clarifies its commitment to print

The Japan Times newspaper published an article entitled; “Is print dead? With shift to digital, office-equipment giant Ricoh votes yes”

This article apparently caused quite a storm, as both Ricoh Europe and Ricoh USA had their executives give interviews stating that print is still an essential part of Ricoh
Ricoh did state that it is planning on “Office Services” to bring in more revenue and profit than print hardware sales by 2025
Also stated that it is targeting $498.8 million in cost reductions through FY2022
- Will reduce 18 manufacturing sites to 13
- Plans on reducing its customer engineer (technicians) headcount by 15% by 2022
Is looking to grow its OEM business (supplying hardware to competitors) to $923 million by 2025
Planning on launching new B2 production color inkjet press
Launching new GelJet devices for remote from home workers

3/15/217:40 PM

Original Post

SalesServiceGuyMaven VIP

Is looking to grow its OEM business (supplying hardware to competitors) to $923 million by 2025

... as is Toshiba Tec. I am sure Xerox has plenty of offers to supply both A3 and A4 print engines.

Maybe consolidation in the print industry does not mean as Sales Organizations but as hardware OEMS.

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