Down, But Not Out
Printing industry knocked out by rough and tumble economy; expected back on its feet later this year
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A housing mortgage meltdown, shrinking nest eggs, collapsing financial institutions and a disappearing job market have brought the nation to its knees. Since American consumers have no choice but to spend less, businesses’ profit margins are suffering.
The nation’s current state of financial turmoil has trickled down to every sector, including the printing industry. Sales and profit margins are deteriorating, forcing companies to shrink salaries and workforces and come up with creative ways to maintain and boost their customer bases. It ain’t pretty. And the picture isn’t expected to brighten any time soon.
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Melissa Busch
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