Profits Under Pressure
Profits in the wide-format printing business are under increasing pressure from pricing constraints, labor issues, and a reliable media supply chain. According to Andy Paparozzi, Chief Economist at PRINTING United Alliance, the steps “to protect your margins, which previously may have been considered should-do are now must-do!” Common suggestions to protect margins are:
1. Using automation to make routine tasks more efficient.
2. Using software tools to reduce production times, especially in prepress functions.
3. Making capital investments in equipment and software to squeeze steps out of each process from inquiry to billing.
4. Actively ensure that media sources have inventory and will be on hand when needed.