Standing Their Ground
The top five suppliers refuse to back down from a menacing economy
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Despite the current economic climate, Reynolds and the Champion Industries team remain optimistic for the company’s coming fiscal year.
“The current financial crisis will cause a tightening of credit from the banking industry. This will force many borderline printers to merge with others, while some others will be forced to close their businesses,” observed Reynolds. “Because there is currently more capacity than need, this will be a time for surviving printers to expand and improve upon their performances. However, suppliers to the industry will also be much more suspect to the credit worthiness of printers,” he added. “Still, the printing inudstry can come out of this period much stronger.”
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Maggie Dewitt
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