U.S. Commercial Printing Profits Down; Consolidation and Downsizing Pressures Intensify
Tuesday, December 09, 2008
Press release from the issuing companyDecember 10, 2008 - Lexington, KY - WhatTheyThink, the leading online media organization serving the printing and publishing industry, today announced the availability of their most current report titled "U.S. Commercial Printing Profits, 1995 to Q3-2008." Authored by Dr. Joe Webb, director of WhatTheyThink's Economics and Research Center, the report is available for immediate purchase at:
"Annualized industry profits for the four quarter period Q2-2008 were down -43%," said Dr. Webb, director of WhatTheyThink's Economics and Research Center. "The third quarter was obviously very difficult for commercial printers as corporate budgets were cut especially by banking, finance, insurance, and real estate businesses. The slower economic conditions have also caused budgets to continue a shift to digital media." Dr. Webb expressed continued concerns about fourth quarter profits because inflation-adjusted shipments were down -6.6% in October, normally the biggest month of the commercial printing industry's year.
The Printing Profits Report contains both current and inflation-adjusted analysis of commercial printing and print services shipments and profits from 1995 to 2008. This issue includes information about print shipments compared to GDP, and profit trends in the paper industry. The bonus audio file includes Dr. Webb's frank analysis, opinions, and strategic outlook. Containing Adobe PDF, Microsoft Excel and PowerPoint files, the cost of the report is $50.00 and features the audio commentary in MP3 format. Those purchasing the report can easily repurpose the charts and data for internal, client presentations, and reports.
Dr. Webb continued, "The pressures for significant restructuring of the industry are intensifying, as expected. Investments in new technologies, and improved workflows are critical to changing the costs and value-creation capabilities of printers. Right now, the healthiest part of the commercial printing market appears to be in mid-size businesses that have made investments in high production digital printing equipment. The right equipment needs to be matched with the right needs of the marketplace at the right time. Recessionary periods create disruptions in purchase patterns that aggressive companies can use to create compelling differentiation against competitors."
The report contains significant and proprietary analysis and by Dr. Webb and WhatTheyThink's Economics and Research Center. It is a top-level analysis of the U.S. commercial printing and trade services markets such as commercial offset, digital, and other printing processes, as well as prepress and postpress contained in the standard business classification NAICS 323.
WhatTheyThink's Economics and Research Center contains a blend of free and premium content for graphic arts and publishing executives. It offers an online library of primary research reports, executive summaries of economic trends, and related industry columns, videos, podcasts and webinars.
The Economics and Research Center is exclusively sponsored by MindFireInc, a provider of software technologies that leverage direct marketing and the Internet.
Join us for the next Economic Outlook Webinar with Dr. Joe Webb, scheduled for Wednesday, December 10th, from 2 PM to 3 PM Eastern. Topics include:
* The economic quagmire continues
* What happens with the economy after January 20, 2009?
* Printing 2009 and 2010 bright spots and pitfalls
* What are the most resilient print sectors historically, and now?
* Dr. Joe’s Winter reading list
Register for this Free Event
WhatTheyThink is the printing and publishing industry's leading online media organization; offering a wide range of publications delivering unbiased, real-time market intelligence, industry news, economic and trend analysis, peer-to-peer communication, and special reports on emerging technology and critical events. Serving a membership base of more than 50,000, WhatTheyThink also hosts webinars and live events as well as providing content through a syndication program, which delivers content directly to related websites and through RSS. The organization also provides consulting and speakers bureau services to the industry.
Since 1999, MindFireInc has provided innovative applications and services that help marketers synchronize their direct mail campaigns with the Internet. MindFireInc's flagship product, LookWho'sClicking, is a web-based application suite that links the impact and power of direct mail with the interactive capabilities of the Internet. MindFireInc offers its product through a network of Value Added Resellers (VARs). The company's web site is www.mindfireinc.com.
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