Top Book Manufacturers: Printers Adapt by Following the Market
An evolving marketplace
has meant reshuffling
priorities, but basic business models are sound.
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This new level of competitiveness has not come without a price, however. While the cost of doing business has gone up in Asia, prices for printing services in the United States are stagnant or dropping, a by-product of overcapacity in the industry. "The additional excess capacity created by the recent declines in industry volume has resulted in intensified price competition in some product lines," noted Donnelley's SEC statement. This, coupled with an increase in price paid for paper, has many printers caught in a price squeeze.
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James Sturdivant
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