Bankrupt enterprises increase, merger and acquisition stagnate American printing industry needs to be revived under the epidemic situation

Bankrupt enterprises increase, merger and acquisition stagnate American printing industry needs to be revived under the epidemic situation

According to the latest data from the World Health Organization
The number of novel coronavirus pneumonia in the United States is over 1 million 680 thousand.
The world’s largest novel coronavirus pneumonia
Under the background that the local epidemic has not been effectively controlled
American printing industry is also affected to some extent
Recently, according to US media reports
Due to the impact of the epidemic
The merger and acquisition plan of American printing industry has basically stopped
More companies applying for bankruptcy
Enterprises are facing the stagnation of talent recruitment
Failure to pay wages
But at the same time
The printing industry in the United States
A series of changes have taken place in the mode of production and delivery
Printing industry is accelerating to further integrate with the Internet

Impact: stagnant M & A, frozen recruitment
According to what they think website, since the middle of March, in addition to two bankruptcy and acquisition cases, the merger and acquisition plan of the printing industry in the United States has basically stopped, with rare market trading activities. Even deals between financially sound buyers and sellers that were due to close in March or April have been put on hold indefinitely. At the same time, printing enterprises that had been faced with financial difficulties before the development of the epidemic accelerated the sales process and actively sought other alternatives to curb economic losses.
In addition, mark Hahn, an American printing industry management consulting expert, said after the investigation that the number of companies filing bankruptcy applications in the United States has increased recently, and some well-known printing companies have closed some factories to reduce the cost pressure. For example, CJK printing company announced the closure of its commercial and book printing factory in Los Angeles, Sinclair printing company. In the closure announcement, CJK printing company said that The decision was caused novel coronavirus pneumonia.
In the market segment, commercial printing, book printing and other markets are in a weak state. Thanks to the substantial increase of online shopping volume, the market of folding cartons, label printers and soft packaging companies is more active.
In a report by printing impression magazine, Arnie Kahn, President of link printing, said that due to the lack of orders and too many employees taking sick leave, a large number of enterprises are difficult to organize production. According to the research results, most printing enterprises have stopped recruiting talents.
In the interview with employees of printing enterprises, many respondents fed back that it’s time for career assessment. Some employees will choose to change market segments based on relevant experience. Some employees are willing to transfer from commercial printing enterprises to packaging printing enterprises. Some employees who were dismissed by the company for various reasons during the outbreak said they would not choose to return to their original units, and they were worried about the company’s financial ability after the crisis. The report said that in the case of stagnant talent recruitment in the industry, for some printing workers who want to transform but have to be retrained, there will be greater pressure for job-hunting.
Arnie Kahn also said that according to the survey of link printing, before the outbreak, it was difficult to recruit top talents due to the shortage of resources in the labor market. Under the influence of the outbreak, many excellent business talents returned to the labor market, giving some enterprises the opportunity to hire more outstanding talents.
Change: further integration of online and offline
Under the outbreak, the printing industry in the United States has also seen some positive changes. According to what they think, with the development of the epidemic in the United States, a series of changes have taken place in the mode of production and delivery of the printing industry in the United States.
First of all, the transaction of printing orders has changed from offline to online, and the enterprises with online printing platforms are less affected, while many small and medium-sized printing enterprises with physical stores closed are difficult to obtain orders. Some of them choose online printing platforms as agents for commodity sales, which to a certain extent promotes the further integration of American printing industry and the Internet.
At the same time, due to a series of transportation restrictions around the world, American printing enterprises are unable to export printing products to foreign countries, so they are more likely to accept local orders, reduce the risk of long-distance transportation and high delivery costs, resulting in the increase of local order delivery.
In addition, according to the report, there is more demand for customized printing products in the United States. In personal consumption, the printing volume of customized T-shirts similar to fund-raising, publicity, gratitude and so on has increased; in large hospitals, medical clinics or local administrative departments, the consumption of customized label printing has also increased significantly, such as the labels that remind people to wear masks, the labels that remind people to reduce going out, and the epidemic period Signs of room protection standards and personal health care guidelines, etc.
During the epidemic period, the production of 3D printing personal protective equipment in the United States has also been greatly improved. The 3D printing personal protective kit meets the epidemic prevention standards and has a low cost. It is an important supplementary product in the case of shortage of anti epidemic materials, with a huge market demand. According to the report, many 3D printing companies and even individual producers in this field are stepping up production to assist the government and local health departments in the fight against the epidemic. At present, there are 1400 companies in the United States, including 3T printing company, committed to produce various metal and polymer parts for the medical industry, as well as products urgently needed by local health departments and hospitals, such as clips, clamps, ventilators, gloves, etc.
At the same time, what they think website pointed out in the report that due to the rapid growth of the network printing business, some malicious users’ illegal invasion behaviors have been attracted. How to do a good job in privacy protection and protect information security to prevent data leakage is also a problem that printing enterprises need to pay attention to.

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Post time: May-27-2020

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