Business Management - Finance/Financial
With so many print operations turning to signage to keep their businesses afloat during the pandemic, after seeing a significant drop in traditional print, Xanté was poised to provide the solutions they needed.
The COVID-19 pandemic affected GPO and its customers alike. Early in the pandemic, production operations slowed to ensure support for the critical needs of Congress, and GPO began the work of reimagining its other operations to ensure the safety of its teammates.
HR 133, the Consolidated Appropriations Act, 2021, provides approximately $900 billion to bolster the U.S. economy amid the continued spread of COVID-19 and includes targeted economic relief for specific print verticals that have been especially hard-hit during the coronavirus pandemic.
More than 70% of printing businesses were able to continue operations last year in large part due to securing Paycheck Protection Program (PPP) loans. Now, a second draw is available for continued support. But there are several key changes that accompany PPP 2.0.
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.
According to the report, total printing-writing paper shipments decreased 24% in October compared to October 2019, and U.S. purchases of uncoated free sheet papers in October decreased 18% compared to last October while the inventory level decreased 2% compared to September 2020.
Xerox reported $106 million of operating cash flow from continuing operations, down $242 million YoY, but up $72 million from Q2.
Learn practical information about operating cost, anticipated ROI, ancillary systems, and more.