Business Management - Finance/Financial
As part of its planned site and structural optimization measures, Heidelberg is selling the Print Media Academy (PMA) in Heidelberg to a Luxembourg-based investment company.
When looking at certain economic and industry indicators, it is easy to see exactly when the COVID-19 pandemic began to debilitate business. Fortunately, the print industry was able to adjust and although we remain far from pre-pandemic levels, these same indicators have already shown plenty of recovery progress.
One of the most highly sought after resources in the printing industry, the 2020 Printing Impressions 350 has been revealed, ranking the top printing companies in the United States and Canada based on their annual sales. Package printers were once again well-represented on the list; read on to see where the top 10 packaging companies ranked within the overall 350.
A year full of uncertainty is capping itself off in a similar fashion as questions continue to swirl around the results of the 2020 elections. However, it may be time to start considering how the new administration’s policy changes can affect both business and the industry as a whole.
In the COVID-19 Print Business Indicators Research, respondents indicated that they see rising demand for certain products. In particular, packaging for food and pharmaceuticals were seen as potential growth areas.
As the U.S. economy continues its climb from the depths of recession, there are still many questions regarding the second stimulus package. Further delays in an agreement could possibly lead to a deceleration of economic recovery. A situation like this would certainly slow recovery and the longer the wait, the more urgent the situation may become.
In the second COVID-19 Print Business Indicators Report, participants indicated that activity, as well as optimism, was rising across all segments compared to the deepest days of the crisis. While the road ahead may still be challenging, the past few months have been highlighted by some clear steps toward recovery.
In this session, Paul Reilly and Tom Williams will share their perspective on how best to achieve post-pandemic business recovery.
In the second COVID-19 Print Business Indicators Research report from NAPCO Research and the PRINTING United Alliance, the packaging segment of the printing industry has shown the least amount of negative impact from the COVID-19 pandemic, due to increased demand for essential products across multiple market segments.
Heidelberg has announced it is selling the Gallus Group to benpac holding ag, as part of the company's realignment. Though Heidelberg's future plans are to focus on sheetfed printing, it will still collaborate with Gallus on the Labelfire digital press.