Impact of Japan Earthquake on Nokia Business

Following the devastating earthquake and tsunami in Japan, Nokia continues to evaluate the impact of this tragic event on its global operations.

Although a complete picture is not available, Nokia expects some disruption to the ability of its Devices & Services unit to supply a number of products due to the currently anticipated industry-wide shortage of relevant components and raw materials sourced from Japan.

However, Nokia does not expect any material impact on its Q1 2011 results due to this event.

“First and foremost, our thoughts are with those affected by the earthquake in Japan. We are working hard to support our employees, their families, as well as disaster relief efforts through the Japanese Red Cross,” says Niklas Savander, executive VP, Markets, Nokia.

“We are in constant dialogue with our suppliers and with their extended supply chain in the region. Nokia’s supply chain management system is designed to mitigate operational disruptions by using alternative sources for components and production processes. In an effort to minimize the impact, Nokia will continue working with suppliers inside and outside of Japan.”

Nokia will continue to monitor the situation and will provide more detailed information during its next quarterly results announcement on April 21, 2011 at the latest.

It was said in a statement issued by Nokia today, March 21.

Photo courtesy: Nokia