If you are in the large-format color display graphics print business, this article is worth reading…….
Reprographics 101
(more than you ever wanted to know about the reprographics industry)
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Event Cancellations and Postponements Due to COVID-19 Lead to Industry DeclineDALLAS, 5 June 2020 – The Center for Exhibition Industry Research (CEIR) reports that growth of the exhibition industry plunged during the first quarter of 2020 as 72.6% of events originally scheduled for the second half of March were cancelled. The remaining 27.4% of events were postponed and some of those events may eventually be cancelled as well. As a result of many cancellations, the CEIR Total Index, a measure of exhibition industry performance, registered a record 15.1% decline from a year ago (see Figure 1), compared to a modest 0.3% year-over-year gain of inflation-adjusted GDP (see Figure 2). The latter had been somewhat buffered by continued opening of essential businesses and online purchases.Link to full article:Blog Publisher’s comment:I posted this because most reprographers do large-format display graphics color print work for firms and businesses involved in events, exhibitions, conventions, trade shows, conferences, etc. CEIR tracks the Exhibition Industry.Above, CEIR indicates that the “CEIR Total Index” for Q1 2020 was off 15.1% from Q1 2019.Just speculating, but I do think it is highly likely that the “CEIR Total Index” for Q2 2020 will be off more than 65% from Q2 2019.
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TUESDAY, JUNE 9, 2020 9:10 AMWASHINGTON, June 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.9 months in May, an increase of less than 0.1 months from April’s reading. Furthermore, based on an ABC member survey conducted May 20-June 3, results indicate that confidence among U.S. construction industry leaders continued to rebound from the historically low levels observed in the March survey.FRIDAY, JUNE 5, 2020 10:57 AMWASHINGTON, June 5—The construction industry added 464,000 net new jobs in May, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. May represented the largest monthly increase in construction jobs since the government began tracking employment in 1939, a drastic improvement from April, which recorded the industry’s largest month-over-month job loss.
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Wednesday, June 17, 2020Press release from the issuing companyDespite the Pandemic, Optimism Increases Over Return to Normal Business Conditions by FallHanover Park, Ill. – FUJIFILM North America Corporation, Graphic Systems Division, announced results from qualitative interviews with more than 1,100 customers indicating an encouraging outlook for print service providers despite the recent COVID-19 impact on many commercial businesses.
Encouragingly, the highest number of responses (32%) projected a return to normal business conditions in the July/August 2020 time frame and 24% projected a return to normal business conditions in September/October 2020. Overall, a combined total of 72% of the customers expressed optimism about a return to normal business conditions by October.In regard to staffing, the highest number of respondents said staffing levels remained unchanged for 36% of respondents, while some accounts reported decreases of between 1% and 26%. Some respondents reported retention of staff and utilization of material cutting and sewing capabilities to successfully shift business priorities and produce personal protective equipment (PPE) to support COVID-19 response. A significant number of customers (54%) reported applying for Paycheck Protection Program (PPP) or operating loans.
Expanding the variety of production capabilities was key to business continuity plans for print service providers, as the reported production volume impact from COVID-19 was significant, with 83% of the respondents reporting declines in production volume up to 40% or more since the start of the pandemic. This statistic excludes businesses deemed essential during the shutdown, including news/print media, whose performance remained flat during this time.
Across segments, despite lower order intake in April, there has been a significant increase in demand for consumable products in May that correlate closely with states re-opening and an increased level of business activity across the country.
“The customer data points have provided us with quite a bit of insight into the market and the individual situations at each customer,” said Todd Zimmerman, division president, FUJIFILM North America Corporation, Graphic Systems Division. “This has helped us with our production planning to be sure we have inventory available as markets recover. We are as anxious as our customers for a return to more normal business conditions.”
Methodology behind the customer questionnaire:
FUJIFILM North America Corporation, Graphic Systems Division interviewed its print service provider customers from the commercial, sign and display, and packaging segments. Since many operations today serve more than one market, and do more than one type of printing, the customer interviews uncovered insights regarding each of the three market segments. The interviews were conducted between April 15 and May 15, 2020 with Fujifilm Graphic Systems customers across the United States. The majority of the interviews were conducted with companies that defined themselves as commercial printers followed by sign and display printers and packaging printers.
Interviews with customers were centered on four main topics:
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- Changes in production volume
- Changes in staffing levels
- Applications for government Paycheck Protection Program assistance or other operating loans
- Projections regarding a return to normal business conditions
_____________Blog Publisher’s comment:I will be SHOCKED if business conditions are back to normal by October. -
In addition to providing businesses with COVID-19 signage through their 200+ outlets, the RSA announces its Printer Package Program (PPP) in conjunction with Canon USA.Link:
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A Florida bridge is at ‘risk of an imminent collapse’ after a large crack appears underneathThe Roosevelt Bridge in Stuart, Florida, is “at risk of an imminent collapse,” the Coast Guard warned.Officials have closed off the southbound lanes indefinitely. Northbound lanes have been split to accommodate southbound and northbound traffic. Commercial boating traffic has been halted.The Roosevelt Bridge was built 24 years ago and spans the St. Lucie River.COST: $83.7 million, 80 percent federal and 20 percent state and local.DEDICATION: Saturday, Nov. 1, 1997.DESIGNER: LoBuono, Armstrong and Associates, an architectural and structural engineering firm in Tallahassee, for the Florida Department of Transportation. Others involved: Figg Engineering of Tallahassee; Reynolds, Smith & Hills of Jacksonville, and Finley McNary Engineers of Tallahassee.PRIME CONTRACTOR: Recchie America, Inc., now known as America-Condotte, an Italian firm, with U.S. offices in Miami.RS&H was one of my former customers. Great company, great people to do business with.
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IMPRESSIVE GROWTH FOR KEVIN ROWE’S iPlanTables….
Join our hundreds of other usersNew Clients
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PPP Loan Forgiveness webinar – hosted by STMediaGroup – begins in two days.Small Business Success: Preparing Your Company for PPP Loan ForgivenessLIVE WEBCAST DATE: May 26, 2020LIVE WEBCAST TIME: 02:00 PM EDTClick on this link to register:
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Organized by KP Reddy’s Shadow Ventures….AEC/RE
Virtual PitchathonJune 2 – 3, 2020Date And Time
To Wed, Jun 3, 2020, 4:00 PM EDTWe are hosting a marathon startup pitch competition for our built environment community. 60+ Seed – Series B startups will pitch over 2 days, all virtually hosted with thousands of built professionals and investors in attendance.Times of great disruption create opportunity for innovationAbout this Event
Business “as usual” has been disrupted. Traditional sales channels have been upended, investments in new technology are on hold, and innovation adoption stuck. What now?The Construction and Real Estate Pitchathon will be a Catalyst for innovation during a time of great disruption.Join us to connect, learn, share, and build relationships to kickstart the new usual. We are bringing 60+ built world startup pitches together over 2 days. Startups will pitch potential customers and investors to connect, learn, share, and build relationships in order to kickstart the new normal during these turbulent times.Why Join· 60+ pitches from the built industry over 24 hours from seed-stage to series A· 5 segments in the industry will be showcased including design, construction, property, infrastructure, and environment tech
· 100% virtual event
Reprographics 101 