Business Management - Finance/Financial
Heidelberg is confident of returning to profitable growth in financial year 2021/2022.
In light of numerous market changes affecting costs for materials, components, chemicals, global freight, and logistics, EFI will be implementing price increases for its inkjet inks, parts and supplies.
The Postal Regulatory Commission released its examination of the U.S. Postal Service’s financial results and 10-K Statements for Fiscal Year 2020. Despite an increase in Competitive products revenue, the Commission’s overall analysis supports the conclusion that the USPS is on a highly unstable financial path.
Due to rising demand particularly in China, parts of Europe and, in the final quarter, also in the U.S., incoming orders rose to a high level of around $2.42 billion by the end of the financial year.
Raising revenue to pay for this bill will cause an all-out food fight amongst sectors of the business community.
The USPS released its long-anticipated 10-year strategic plan this week and it’s a decidedly mixed bag for the commercial mailing sector, a supply chain that includes printing and packaging, and one that in 2019 generated an estimated $1.6 trillion in sales.
U.S. Government Publishing Office Director Hugh Nathanial Halpern presented GPO’s FY 2022 appropriations request before the U.S. House Subcommittee on Legislative Branch Appropriations. Is it the first time since FY 2014 GPO has asked for a major increase in appropriations.
U.S. House of Representatives Committee on Oversight and Reform recently held a hearing to review legislative proposals that represents the first step in advancing postal reform legislation through the 117th Congress.
These industry experts believe they can discern what the commercial printing industry can expect in 2021.