Konica Minolta reported a 38.6% year over year drop in Q2 gross profits. Panjiva data shows that U.S. seaborne imports linked to the firm decreased by 17.6% year over year in the second quarter overall. Sourcing from China fell the most with a 33.2% slide while imports from Asia ex-China fell by 3.9% year over year in the same period. Printer imports saw the largest decline by product category with a 17.8% year over year drop as companies likely defer capital purchases, focusing instead on repairs and maintenance. Chemicals used in the firm’s printers saw imports increased by 20.1% year ...
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