David Savastano, Editor10.01.15
For purchasing executives, stability is a longed-for goal, and volatility is a bad word. Ink industry leaders have had their share of volatility in recent years. With crude oil prices falling, ink companies are catching their breath, but not all is as peaceful as it seems.
In my article, “The 2015 Raw Material Report,” which starts on page 20, leading purchasing executives in the ink industry discuss the implications of the lower crude oil costs.
However, there are other issues that ink companies are working on. Currency rates have shifted dramatically, with the euro dropping 20% compared to the dollar in recent months. Transportation costs are also on the rise.
Purchasing executives are closely watching these new issues, as well as judging the impact of more environmental regulations in Asia and Europe, further consolidation among suppliers, and companies leaving the market altogether. All in all, it remains a busy time for purchasing departments.
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With a gross domestic product (GDP) of $10.36 trillion in 2014, China’s GDP accounts for more than 13% of the global GDP. By contrast, its GDP was $2.73 trillion in 2006.
Not surprisingly, China’s ink industry has grown dramatically as well. In “Chinese Ink Industry Enjoys Growth in 2015,” which begins on page 24, ink industry officials discuss the latest news on the market.
This issue also features Ink World’s annual Buyers’ Guide, the ink industry’s most comprehensive listing of raw materials, equipment and services, distributors and trade associations, which is available online at www.inkworldmagazine.com. I hope you enjoy it!
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On a different note, Ink World is pleased to welcome Donna Campbell to our team. Campbell will be joining Ink World and Coatings World as an advertising sales representative. She has 35 years of publishing experience, most recently as group publisher at BNP Media, directing Paint & Coatings Industry (PCI), Adhesives & Sealants (ASI) and Ceramic Industry magazines. She is highly skilled in both print and digital media sales.
David Savastano
Ink World Editor
dsavastano@rodmanmedia.com
In my article, “The 2015 Raw Material Report,” which starts on page 20, leading purchasing executives in the ink industry discuss the implications of the lower crude oil costs.
However, there are other issues that ink companies are working on. Currency rates have shifted dramatically, with the euro dropping 20% compared to the dollar in recent months. Transportation costs are also on the rise.
Purchasing executives are closely watching these new issues, as well as judging the impact of more environmental regulations in Asia and Europe, further consolidation among suppliers, and companies leaving the market altogether. All in all, it remains a busy time for purchasing departments.
*****
With a gross domestic product (GDP) of $10.36 trillion in 2014, China’s GDP accounts for more than 13% of the global GDP. By contrast, its GDP was $2.73 trillion in 2006.
Not surprisingly, China’s ink industry has grown dramatically as well. In “Chinese Ink Industry Enjoys Growth in 2015,” which begins on page 24, ink industry officials discuss the latest news on the market.
This issue also features Ink World’s annual Buyers’ Guide, the ink industry’s most comprehensive listing of raw materials, equipment and services, distributors and trade associations, which is available online at www.inkworldmagazine.com. I hope you enjoy it!
*****
On a different note, Ink World is pleased to welcome Donna Campbell to our team. Campbell will be joining Ink World and Coatings World as an advertising sales representative. She has 35 years of publishing experience, most recently as group publisher at BNP Media, directing Paint & Coatings Industry (PCI), Adhesives & Sealants (ASI) and Ceramic Industry magazines. She is highly skilled in both print and digital media sales.
David Savastano
Ink World Editor
dsavastano@rodmanmedia.com