[Office Supplies] Hope is bred in the European ink market crisis
by:Yourijiu
2021-08-15
Although 2009 was an extremely difficult year for ink manufacturers, we can still find some new opportunities. For European ink manufacturers, this year will be a crucial year for them to resist the financial crisis. If successful, they will make small profits, otherwise they will suffer heavy losses. This year will also be a year for ink manufacturers to establish close ties with their customers. As long as they can help customers get through... Although 2009 was an extremely difficult year for ink manufacturers, we can still find something new in it. Opportunity. For European ink manufacturers, this year will be a crucial year for them to resist the financial crisis. If successful, they will make small profits, otherwise they will suffer heavy losses. This year will also be a year for ink manufacturers to establish close ties with their customers. As long as they can help their customers tide over the current economic difficulties, they can win a more stable customer relationship for themselves. In addition, office supplies this year will also be a year for ink manufacturers to regroup and gain momentum. After the European printing industry has weathered the crisis, it is bound to usher in a new growth cycle. Once the region’s economy recovers, printing houses will surely seek more ways to save costs and actively learn about new technologies that can help increase productivity. The current situation of the printing industry in Europe At present, the rate of decline in the printing output of European countries is higher than the average rate of decline in their gross domestic product (GDP). As the second largest printing output country in Europe after Germany, the demand in the UK printing market has dropped by 10%, and the country's GDP will drop by 2% to 4% this year. The reorganization of the printing supply chain is obviously unavoidable. However, due to the credit crunch, mergers and acquisitions in the printing industry have not received strong financial support. For the European printing industry, which has been plagued by overcapacity problems all the year round, the outbreak of the financial crisis is tantamount to worsening the situation. The Hombergh De Pundert Group (HHBV), a private Dutch company, originally planned to merge Quebec World’s European companies with the Dutch printing company RSDB last summer, but has now shelved the plan due to economic difficulties. It is understood that the impact of the global financial crisis on the European printing industry began to appear initially in the fourth quarter of last year. Some printing companies said that they have taken large-scale price reduction measures to promote product sales. Although 2009 was an extremely difficult year for ink manufacturers, we can still find some new opportunities. For European ink manufacturers, this year will be a crucial year for them to resist the financial crisis. If they succeed, they will make small profits, otherwise they will suffer heavy losses. This year will also be a year for ink manufacturers to establish close ties with their customers. As long as they can help customers tide over the current economic difficulties, they can win a more stable customer relationship for themselves. In addition, this year will also be a year for ink manufacturers to regroup and gain momentum. After the European printing industry for office supplies has weathered the crisis, it will surely usher in a new growth cycle. Once the region’s economy recovers, printing houses will surely seek more ways to save costs and actively learn about new technologies that can help increase productivity. The current status of the printing industry in Europe At present, the rate of decline in the printing output of European countries is higher than the average rate of decline in their gross domestic product (GDP). As the second largest printing output country in Europe after Germany, the demand in the UK printing market has dropped by 10%, and the country's GDP will drop by 2% to 4% this year. The reorganization of the printing supply chain is obviously unavoidable. However, due to the credit crunch, mergers and acquisitions in the printing industry have not received strong financial support. For the European printing industry, which has always been plagued by overcapacity problems, the outbreak of the financial crisis in office supplies is tantamount to worsening the situation. The Hombergh De Pundert Group (HHBV), a private Dutch company, originally planned to merge Quebec World’s European companies with the Dutch printing company RSDB last summer, but has now shelved the plan due to economic difficulties. It is understood that the impact of the global financial crisis on the European printing industry began to appear initially in the fourth quarter of last year. Some printing houses said that they have taken large-scale price reduction measures to promote product sales
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