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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Many companies feel they are at an even worse advantage than they were during previous economic downturns, especially since politicians, economists and media mavens have dubbed this the worst economic downturn since the Great Depression.
“The downturn in 1987 and those after that date had no effect on the industry since pressure-sensitive labeling was growing in the mid to high single digits for the past 20-plus years,” Hakman explained. “That same industry is now decreasing 1 percent to 2 percent or more depending on what section of the industry you are in.”
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Melissa Busch
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