A very large threat to the Print industry continues to be the substitution of print by electronic media such as e-books, electronic catalogues/directories, e-marketing campaigns, and web-based magazines and periodicals.
There should still be opportunities available to those printers who are able to invest in technologies that enable them to integrate web and print solutions. This would obviously take major investment which may prove difficult or expensive if banks are not able to provide lending.
Low barriers to entry in this sector leads to overcrowding and this is being exacerbated by the move towards digital media from print. Reliance on heavy capital expenditure typically leads to high gearing and pressures on margins in an increasingly competitive market make debt service an issue for many SME businesses.
Recent failures include: Polestar, Artisan Press, PPG Design and Print, PaperlinX and Tullis Russel.
The peace of mind that Credit Insurance provides, together with a gateway to skilled risk analysts who specialise in the Printing sector, could prove an invaluable addition to your existing credit management processes. The access to up to date credit information from both within the UK and overseas always ensures that you are trading not only on reputation, but with the knowledge that insurers know and have met with your major customers.
With over 20 years working within the Printing sector, Acumen has the expertise to tailor products to meet your individual needs, recommend the most appropriate insurer and address those issues which uniquely affect businesses trading within the Printing, Paper and Pulp sectors.