MUMBAI: Following the disruption in supply chain and demand shock due to covid-19, the hard copy peripherals (HCP) industry saw demand decline quarter-on-quarter (QoQ) in January-March by 16.5% - the sharpest ever.
The HCP market in India recorded shipments of 0.66 million units in the first quarter of calendar year 2020 (CY 1Q20), with a decline of 22.5% year-over-year (YoY), according to the latest IDC Worldwide Quarterly Hardcopy Peripherals Tracker, 1Q20.
HCPs include products like printer and copier machines. Supply was disrupted since most vendors have their manufacturing units in China.
As a result of the outbreak in China's Wuhan, shipments to India were hit in February and at the beginning of March. This was aggravated by the