Earthquake in Japan affects memory prices

One of my major vendors just sent me this in an email:

Good morning everyone,

I have just received the following message from my VP of purchasing regarding flash memory:

Because of the recent events in Japan it is getting extremely difficult to allocate memory and flash based products. In addition any products that we are able to get will cost us more. We will be more selective on what orders we will be allowing to go through.

Here is an official announcement from one of our vendors (Kingston):

“As I'm sure you have been following, the situation in Japan continues to worsen. According to analysts, over 40% of the world's NAND Flash is manufactured in Japan. Our communication with our supplier partners has been difficult to establish. As such, in order to avoid any speculative buying and ensure that we have product to support our customers, moving forward Kingston has implemented Daily Allocation globally.”

I’ve been advised to let all of my customers know about the probable and imminent price increase. If you foresee any needs for flash memory, please consider purchasing sooner rather than later to avoid product shortages and rising costs.

Please let me know if you have any questions. Thank you,

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Last night I went to the local supermarket to pick up some groceries.
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