The supply chain crisis has affected the printing industry as deeply as any recession. Consequences range from rampant cost inflation to clients moving from print to electronic alternatives. How are printing companies responding? And how effective have their responses been?
Andrew D. Paparozzi
Wide-format printers view 2022 with a mix of optimism and realism. They expect to grow and see opportunity in a broad range of products. But they also expect supply shortages and labor shortages.
While the challenges for printers in a post-COVID world are certainly present, companies continue to develop strategies for growth, including new sales approaches, capital expenditures, and deeper dives into digital technologies.
Recovery has begun for the printing industry. Sales are growing and confidence is on the rise, but operating cost inflation and labor shortages are squeezing margins. Those are primary conclusions of the second quarter 2021 Print Business Indicators Survey.
Confidence and quote activity have turned sharply higher, according to preliminary results of the first-quarter 2021 Print Business Indicators Survey. The gains reflect progress in controlling COVID-19 and the renewed vigor of the American economy.
The COVID crisis has changed business and consumer behavior in many ways. But which of the changes are temporary and which are permanent? Answering correctly is essential to participating in the recovery ahead.
It appears the numbers we’re seeing for the printing industry and the American economy will be revised up rather than down as we move into the new year. The bottom line: An upturn is coming. Let’s be ready for it.
Expect the printing industry to grow in 2021, boosted by a sharp upturn in the American economy. We can be sure, however, that the upcoming recovery will be selective, giving some companies a lift, while shutting others out.
The economic lockdown is easing. Businesses are reopening. There’s pent-up demand for all the things we haven’t been able to do or purchase in months. This is what can be expected when the economy begins its recovery.
COVID-19's effect on the economy has been profound. How this all plays out will depend on the economy’s underlying health and the effectiveness of support. Drawing on the resources of federal, state, and local agencies is important — there’s no reason to go it alone. Here are some suggestions for printers.
Here are ten of the top takeaways from SGIA's 2020 economic outlook, which can help wide-format shops better plan for how to spend their dollars — and grow their business — in 2020 and beyond.
The consensus is that sustained profitability isn’t about finding the next big thing. Rather, it’s about cultivating skills in mission-critical disciplines. The key for printers is cultivating skills in several areas, not one or two.
How will 2019 play out for printers? Will convergence continue reshaping the core business of printers? SGIA’s chief economist weighs i