Each year the Printing Industries of America (PIA) releases its State of the Industry Report – a detailed outlook for business leaders at current industry conditions from an economic, legislative and regulatory perspective. Prepared by the PIA’s in-house experts, the report consists of an overview from the Center for Print Economics and Management as well as Government Affairs and Advocacy. It includes a potential forecast of what to expect over the course of the year to come. Here’s a glimpse of what you’ll find in the organization’s 2019 State of the Industry Report:
- PIA’s Center for Print Economics and Management expects the U.S. economy to continue growing at a modest pace over the course of 2019, although the risk of recession has increased as we enter the 10th year of the economic recovery. It forecasts that it will be yet another favourable year for print and printers, with total print revenues increasing by about 1% – 2% with printers’ profits holding at their historic levels. Print will continue to evolve as a media and printers will continue to transition with a diverse mix of processes, products and ancillary services for their customers, the report revealed.
- Print will also face a wide variety of legislative and regulatory challenges in 2019. “Go paperless” initiatives are gaining momentum despite continued industry efforts to stymy their development. Cost increases related to healthcare coverage, material goods and other operational expenses remain at the forefront of U.S. trade policy and legislative talks on Capitol Hill.
A free copy of the report is available at www.printing.org/stateoftheindustry.