The global printing industry caught the main impact of bleak economic slowdown - Printing Industry - Printing Industry

The global printing industry caught the main impact of bleak economic slowdown - Printing Industry - Printing Industry

From September 2008, the global banking industry has been the major countries to fall, stock market have also fallen in this life we have not met the low. Money has also been negatively affected, governments have to save some big Financial Agencies, and other relief not only faced with bankruptcy. October 24, 2008, the Dow Jones industrial average relative Oct. 9, 2007 the record high has dropped 40.9%, the S & P 500 index from a year ago, the highest point down 44%, the Nasdaq plate index fell 45.7%. This is a great market value has shrunk.

Gloomy prospects for the global printing industry (HC printing network with map)

In Western countries, people inevitably will the current economic crisis and the Great Depression of 1929 were compared. No one of us did not experienced the economic crisis of 1929 - at least not the adult experience - we can re-recall the economic situation in 1929:

U.S. real GDP fell 29%;

Decline of 41% for personal consumption expenditures;

Of industrial output fell by 54%;

Price level decreased by 47%; Stock market has shrunk 89%; The U.S. unemployment rate was 26%.

We do not want to see history repeat itself. Printing Industries of America (PIA) chief economist Dr RonDavIs recently wrote: "the economy and the situation in the printing industry are worsening financial crisis is spreading ...... economic situation is at a critical moment, in the fourth quarter is may be in recession, and will extend to 2009. economic and printing industry's future development and on October 3 the financial rescue package by the success or failure is closely related to, but also depend on the Ministry of Finance, Federal Reserve Board and the Federal Deposit Insurance the company's other initiatives. " Even if the global printing and

Package Xingye back less than the Great Depression of 1929 levels, but also inevitably affected by the economic crisis. Different countries and regions are affected differently.

The overall economic situation, the impact on the printing industry is reflected in the following areas:

Economic conditions have a major impact on the level of investment, this will affect our own customers to purchase equipment and expand business investment;

Economic impact not only on the expenditure in fixed assets, will also affect Advertisement And the demand for printed matter;

How much disposable income directly affects the commercial printing, such as magazines;

Rising costs will further compress margins.

In the issue of rising costs, we can see:

Rising raw material costs. For example, the United States 2006/2007 annual report, the average paper prices rose 4.95%, but in April 2008, prices rose 6.2%. Greater gains in other countries.

Europe and North America Papermaking Plant to reduce production to raise prices. In addition, because the price of paper based on the price of paper pulp as a commodity priced in dollars, so exchange rates will impact on prices.

More customers demand lower prices and more value-added services. As an industry, we may become victims of our own success. The result of major technological advances, we are often able to offer our customers quality printing and greatly improved after the product, but not Sell Price includes the cost of capital technology. One widely cited statistics, the customer spent on printing of one U.S. dollar, he will spend six U.S. dollars to the printers, for additional services. Our problem is that some customers have access to these services successfully and without additional cost. Some parts of the world's problems is that many printers do not correctly estimate the selling price, because they did not calculate the cost after the sale to check if they are profitable.

Energy Costs rise quickly - despite the decline in oil prices will slow down this upward trend. Slowdown in demand, oil prices have fallen, but still the same rate of coal production continues to grow. In many parts of the world, including Britain, the United States, South Africa and China, power generation facilities use more than 40 years of age, the aging of the device is the rapid economic development and population growth caused by power shortages have led to. Although these countries are making efforts to improve its power generation capacity, but still a very long time.

Finally, because of inflation, we will see rising wage costs in different countries; although the results may be just the opposite, that is rising unemployment.

Until the first half of this year, the World Print Congress and the media, members of the Forum's business is relatively stable. Of course, emerging markets and mature markets are very different, but the overall statistics show that also normal.

2006 2007 and early 2008, the U.S. gross domestic product from 3.3% to 2.2%. Although this is only l.1%, but showed a decline of 33% growth, and this was before the economic crisis. Japan's GDP dropped from 2.40% to 2.1%, which is 12.50% growth reduction. In Europe, gross domestic product will remain stable at 2.9%. China reported GDP growth rate of 11.9%.

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