The camera industry seemed to have recovered somewhat from the first pandemic shock in 2020, when a follow-up problem was beginning to show: chip shortages due to disrupted supply chains. This is now so serious that many products are hardly available or are available late, while production of other - older - devices is completely stopped, at least temporarily, for example some 
Sony models such as the A7 II or also the Blackmagic Micro Cinema Camera / Micro Studio Camera 4K. Later or only sporadically available is the Canon EOS R3, i.e. the new mirrorless flagship model - whether the several times delayed presentation of the Panasonic GH6 is also due to the component shortage can only be assumed (it is not confirmed).
Under such circumstances, it is difficult to achieve high sales figures, so we can probably expect rather meager annual figures from the camera manufacturers. And now comes to light that Canon will close its (only) factory in China, where more than 12 million lenses, one million digital cameras and 94,000 video cameras were still manufactured in 2020, due to the shrinking camera market.
Canon IXUS 285 HS
This, together with the recent news that Canon will not develop a new flagship DSLR model - the professional camera line will end with the 1D X Mark III - casts a gloomy picture on the wall. However, it seems that the cameras manufactured in Guangdong are mainly compact digital cameras, and this camera division has indeed been largely swallowed up by the ever-improving smartphone cameras. The last new introduction of such a camera was probably years ago.
Thus, this maneuver by Canon is also quite understandable, just as the concentration on DSLMs at the expense of digital SLR cameras was no surprise. After all, high-priced mirrorless cameras currently generate the most sales. via YMcinema
;)