SlideShare a Scribd company logo
New and Emerging
Business Opportunities
Hagop Tchamkertenian
National Manager for
Policy & Government Affairs
New and Emerging
Business Opportunities
Presentation Overview:
•Why change in necessary
• Interesting internet trends
• The impact of the Internet
• Technology and people
• The mega trends
• Emerging opportunities
• New business opportunities survey results
• Industry forecasts
Why change is necessary?
Why change is necessary?
• Content is now being
distributed across
multiple-communication
mediums
• To be successful in the
emerging content
distribution web, print
must evolve to become
part of an integrated
communication channel
• Print needs to
compliment not compete
with emerging mediums
Critical Considerations
• “So much of what marketing and
communications have become today is less
about producing something on a device, and
more about thinking strategically about how
different media and communications channels
interact with each other”
• “The nature of each media channel doesn’t
change, but different factors such as the type
of business, size of business, whether they’re
B2B or B2C, the intended audience all
determine the mix of channels to use”
Extracted from Getting Business by Joseph Webb and Richard Romano
Interesting Internet Trends
• There are now 2.4 billion Internet users around the
world.
• More than 500 million photos are uploaded and
shared every day.
• About 100 hours of video is uploaded to YouTube
every minute.
• Mobile internet traffic as a percentage of all internet
traffic is expected to continue growing one-and-a-
half times per year; It’s currently 15%.
• Smartphone users check their devices about 150
times a day.
The Impact of the Internet
• Similar pressures in
Australia
• Australia Post is also
pursuing the
email/internet option
• According to Australia
Post total mail volumes
are declining
• Utilities, Telco's and
other large billing
entities are pushing
people towards on-line
platforms
The Impact of the Internet
• Over the next 5 years
Printed trade book
sales is expected to
decline by a CAGR of
5.2 percent
• Electronic trade book
sales to increase by a
CAGR of 15.2 percent,
and will account for 26
percent of all trade
books purchased in
Australian bookstores
Technology and People Skills
Remain Key Factors
• A study of more than
1,700 CEO’s across 18
industry sectors in 64
countries shows that of
all the external forces
that could impact their
organisations over the
next 3 to 5 years, CEOs
now view technology
change as most critical.
Source: IBM 2012 global CEO study
The Mega Trends
• Rise of digital – not just short run work but
printing of documents, books and labels
• Digital and offset being used as complimentary
technologies
• Web to print
• Increased automation (workflow)
• Training and ongoing skill development
• Finishing work and special applications
(differentiation)
• Environmentally friendly production
(green printing)
Emerging Opportunities
• Web to print
• QR codes
• Augmented reality
• Charging market rates for prepress, post press,
storing/archiving files and materials for clients
• 3D printing
• Personalised printing (PURLs)/variable data
printing
• Multi-channel marketing (cross media)
• Social media
• Functional printing (RFID labels-packaging)
New Business Opportunities Survey
Background:
• On-line survey
• Second year of the survey
• Survey conducted during April/May 2013
• Distributed to members
• 131 responses making it statistically valid
New Business Opportunities Survey
What best describes your current operations?
• Printing business 77.1% (73.9%)
• Services to printing 9.2% (8.7%)
• Communications services 3.8% (8.7%)
• Solution provider 5.3% (4.3%)
• Supplier to printing 4.6% (4.3%)
Note: Results represented in ( ) refer to last years results
New Business Opportunities Survey
•Offset still dominant process but digital is now
significant
New Business Opportunities Survey
Given the rapid changes in technology and consumer
purchasing behaviour and preferences, has your business
responded to accommodate these changes?
•75.6 % answered yes (87.4% )
When did the change occur?
•Last 12 months 16.5%
•Last 2 years 29.7%
•Last 3-5 years 37.4%
•Last 5-10 years 16.5%
•More than a decade ago 0.0%
Have you changed the business name/branding to reflect the
new business model?
•33.7% replied yes; 51.1% replied no; 15.2% no but considering
•(27.7% replied yes, 49.4% replied no, 22.9% no but considering)
Note: Results represented in ( ) refer to last years results
New Business Opportunities Survey
•Focus of change has accelerated and process change
has a slight edge over structural change
New Business Opportunities Survey
• Increased digital printing take-up
• Investment in technology – faster make ready times, increased
operational speed, greater automation
• Web to print solutions
• Investments in wide format printing
• Embracing new distribution channels
• Multi-channel marketing
• Digital mail/post
• Mailing services
• Websites, development of Apps
• Workflow improvements to accommodate rapid turnaround
times, MIS systems
• Investments in finishing
• Warehousing and logistics
• Niche market and innovation
New Business Opportunities Survey
•82% of respondents indicated that they derive 50% or
more of their revenue from traditional areas, up from 72%
New Business Opportunities Survey
•Declining reliance on traditional printing and related
activities is shown
New Business Opportunities Survey
Do you offer non-printing related services to your clients?
• 65.5% said yes (73% said yes)
Do you offer any of the following?
Mobile Barcode Scanning
• Males outpace females
2 to 1 in the scanning of
mobile barcodes (65% v.
35%).
• Nearly six in 10 (57%) of
mobile barcode scanners
were aged 35 and older in
Q1 2013, up from 41% a
year prior.
• Most scanned QR Code
campaigns are connecting
users to product info
followed by social media,
mobile commerce, video,
and digital coupons.
• Top industries, in terms of
scanning activity: retail,
food and beverage,
wireless, print, and toys
Source: ScanLife, Mobile Barcode Trend Report Q1 2013, May 20, 2013.
Other non-
Printing Related
Services Offered
• Design
• Marketing advice/campaigns
• Signage
• Flatbed
• Printing on new materials
• Document data capture
• E-publishing,
• Finishing services
• Warehousing and logistics
• Mailing and distribution
• Web services
• Phone apps
• Database management
• Promotional items marketing
• High end packaging
New Business Opportunities Survey
New Business Opportunities Survey
• Almost 33% of respondents indicated that they derive
more than 20% of their revenue from non-traditional
printing activities, up form 22% response last year
New Business Opportunities Survey
Do you offer web to print purchasing platform?
• Yes – 35.4 % (35.6%)
• No – 47.8% (38.4%)
• Considering – 16.8% (26%)
Proportion of revenue derived from web to print
• <Up to 10%> - 39.0% (57.1%)
• <10-20%> - 22.0% (25.0%)
• <20-30%> - 26.8% (10.7%)
• <More than 50%> - 7.3% (7.1%)
Note: Results represented in ( ) refer to last years results
New Business Opportunities Survey
As a proportion of total revenue has there been an
increase in revenue derived from web to print?
• 31.1% said yes (31.5% said yes)
• 51.4% said no (40.7% said no)
• 30.3% were uncertain (27.8 % were uncertain)
Cost of setting up web to print platform?
• Responses ranged from $5,000 to $250,000
Investment in web to print provided satisfactory ROI?
• 50% said yes (45.7% said yes)
Note: Results represented in ( ) refer to last years results
Industry Forecasts
Over the next 12 months: Over the next 3 years:
Do you expect your business to grow?
Yes No Yes No
47.6% 52.6% 73.7% 26.3%
Do you expect your business to employ more staff?
Yes No Yes No
28.1% 71.9% 47.4% 52.6%
Do you expect your business to train more staff?
Yes No Yes No
46.5% 53.5% 52.6% 47.4%
Do you expect the industry as a whole to grow?
Yes No Yes No
15.8% 84.2% 27.2% 72.8%
Source: Printing Industries New Business Opportunities Survey
Key Findings
• Key theme is one of embracing change. The
world we operate in is constantly changing and
printing businesses must be guided by this
fundamental principle
• Technology remains a key driver of change
• Rise of digital and automation are changing the
industry landscape
• Printing will evolve into a low volume customer
focus industry
• Cross media marketing is the platform for
engaging customers
Key Findings
• Most printers continue to view themselves within
the traditional prism of print manufacturers
• Yet less reliance on traditional printing activities
• Offset remains the dominant process but digital is
now significant and has the momentum
• Focus of change remains on process (technology)
as opposed to structural (business refocussing)
• Response to change has seen take-up of digital
process, wide format, multi-channel marketing,
finishing, logistics, niche markets and innovation,
web to print
• Cost control by way of automation, workflow
improvements, investment in MIS systems
Key Findings
Non-printing related service offerings:
• Design
• Marketing advice/campaigns
• Finishing services
• Warehousing and logistics
• Mailing and distribution
• Web services
• Phone apps
• Database management
Almost 33% of respondents derive 20% or more of their revenue
from non-printing related activities up from 22% a year ago
Some Concluding Comments
•All major steps start
with some level of
discomfort. That’s how
we grow – as individuals,
as professionals and as
businesses.
•Opportunities exist for
those willing to embrace
change!
Thank you
Join us for our next FREE webinar in 2 weeks: 12 July
Become More than a Printer:
Diversify your Business Service Offerings
Presented by marketing expert, Richard Pester, ADMA
Register on printnet.com.au
PLUS our Marketing Essentials Course 14 & 21 August
Our Australia-wide free Spotlight Discussion & Networking Event
on the Future of Print
Dates and Venues: Event from 5-7pm
Vic ‐ Thursday 4 July
SA ‐ Wed 10 July
WA ‐ Thursday 11 July
QLD ‐ Tuesday 16 July
NSW ‐ Thursday 18 July
For more information, visit our calendar page at printnet.com.au
or email us at support@gasaa.asn.au

More Related Content

Viewers also liked

Part time staff meeting 2015
Part time staff meeting 2015Part time staff meeting 2015
Part time staff meeting 2015
cplyouth
 
Global Markets Coaching Month 2
Global Markets Coaching Month 2Global Markets Coaching Month 2
Global Markets Coaching Month 2
Global Markets Coaching
 
3D Printing in India: Show me the money! TGP2015
3D Printing in India: Show me the money! TGP20153D Printing in India: Show me the money! TGP2015
3D Printing in India: Show me the money! TGP2015
Anindo Ghosh
 
Office in the cloud short
Office in the cloud shortOffice in the cloud short
Office in the cloud shortChin Yoon
 
Uspto – us patent cases weekly update - october 15th - october 22nd, 2013
Uspto – us patent cases   weekly update - october 15th - october 22nd, 2013Uspto – us patent cases   weekly update - october 15th - october 22nd, 2013
Uspto – us patent cases weekly update - october 15th - october 22nd, 2013InvnTree IP Services Pvt. Ltd.
 
Module 2 creative business models &amp; emerging trends (final)
Module 2 creative business models &amp; emerging trends (final)Module 2 creative business models &amp; emerging trends (final)
Module 2 creative business models &amp; emerging trends (final)
caniceconsulting
 
Organizational culture at hp
Organizational culture at hpOrganizational culture at hp
Organizational culture at hpSaurav Mishra
 
HP - Company Overview
HP - Company OverviewHP - Company Overview
HP - Company OverviewNakul Patel
 
Hp ppt
Hp pptHp ppt
Opportunities Internet Marketing
Opportunities Internet MarketingOpportunities Internet Marketing
Opportunities Internet MarketingSouth Thames
 

Viewers also liked (10)

Part time staff meeting 2015
Part time staff meeting 2015Part time staff meeting 2015
Part time staff meeting 2015
 
Global Markets Coaching Month 2
Global Markets Coaching Month 2Global Markets Coaching Month 2
Global Markets Coaching Month 2
 
3D Printing in India: Show me the money! TGP2015
3D Printing in India: Show me the money! TGP20153D Printing in India: Show me the money! TGP2015
3D Printing in India: Show me the money! TGP2015
 
Office in the cloud short
Office in the cloud shortOffice in the cloud short
Office in the cloud short
 
Uspto – us patent cases weekly update - october 15th - october 22nd, 2013
Uspto – us patent cases   weekly update - october 15th - october 22nd, 2013Uspto – us patent cases   weekly update - october 15th - october 22nd, 2013
Uspto – us patent cases weekly update - october 15th - october 22nd, 2013
 
Module 2 creative business models &amp; emerging trends (final)
Module 2 creative business models &amp; emerging trends (final)Module 2 creative business models &amp; emerging trends (final)
Module 2 creative business models &amp; emerging trends (final)
 
Organizational culture at hp
Organizational culture at hpOrganizational culture at hp
Organizational culture at hp
 
HP - Company Overview
HP - Company OverviewHP - Company Overview
HP - Company Overview
 
Hp ppt
Hp pptHp ppt
Hp ppt
 
Opportunities Internet Marketing
Opportunities Internet MarketingOpportunities Internet Marketing
Opportunities Internet Marketing
 

Similar to New and emerging business opportunities for printing businesses

2023-State-of-Digital-Transformation_Final.pdf
2023-State-of-Digital-Transformation_Final.pdf2023-State-of-Digital-Transformation_Final.pdf
2023-State-of-Digital-Transformation_Final.pdf
Mustafa Kuğu
 
CGI Voice of the Client Telecoms Industry IT Trends for 2015
CGI Voice of the Client Telecoms Industry IT Trends for 2015CGI Voice of the Client Telecoms Industry IT Trends for 2015
CGI Voice of the Client Telecoms Industry IT Trends for 2015
Stephen Craig
 
Digital Transformation Success
Digital Transformation SuccessDigital Transformation Success
Digital Transformation Success
Blue Leopard LLC
 
Accenture operations for digital business
Accenture   operations for digital businessAccenture   operations for digital business
Accenture operations for digital businessAdCMO
 
Print works - Keynote, Sydney Australia
Print works - Keynote, Sydney AustraliaPrint works - Keynote, Sydney Australia
Print works - Keynote, Sydney Australia
InfoTrends
 
Digital Business - Accenture
Digital Business - AccentureDigital Business - Accenture
Digital Business - Accenture
Accenture the Netherlands
 
[Accenture] Digital Business 2017
[Accenture] Digital Business 2017[Accenture] Digital Business 2017
[Accenture] Digital Business 2017
Duy, Vo Hoang
 
Startup and Entrepreneurs
Startup and EntrepreneursStartup and Entrepreneurs
Startup and Entrepreneurs
Nivedita Shrivastava
 
2018 PRESTO Continuous Improvement partner program
2018 PRESTO Continuous Improvement partner program2018 PRESTO Continuous Improvement partner program
2018 PRESTO Continuous Improvement partner program
Andrew Lenti
 
RowanDay2.pptx
RowanDay2.pptxRowanDay2.pptx
RowanDay2.pptx
MattMarino13
 
MIS Unit 1 Dr. Vijay.pptx
MIS Unit 1 Dr. Vijay.pptxMIS Unit 1 Dr. Vijay.pptx
MIS Unit 1 Dr. Vijay.pptx
VikasRai405977
 
TenXLabs - webinar
TenXLabs - webinarTenXLabs - webinar
TenXLabs - webinar
Abhinav Das
 
Agile Mumbai 2023 I Digital Transformation Programs - Key Learnings - Anjana Rao
Agile Mumbai 2023 I Digital Transformation Programs - Key Learnings - Anjana RaoAgile Mumbai 2023 I Digital Transformation Programs - Key Learnings - Anjana Rao
Agile Mumbai 2023 I Digital Transformation Programs - Key Learnings - Anjana Rao
AgileNetwork
 
Managing Digital Transformation
Managing Digital Transformation Managing Digital Transformation
Managing Digital Transformation
Philip Coop
 
Five Forces Transforming Transport & Logistics - PwC CEE Transport & Logistic...
Five Forces Transforming Transport & Logistics - PwC CEE Transport & Logistic...Five Forces Transforming Transport & Logistics - PwC CEE Transport & Logistic...
Five Forces Transforming Transport & Logistics - PwC CEE Transport & Logistic...
Vivien Cheong
 
PwC CEE Transport & Logistics Trend Book 2019
PwC CEE Transport & Logistics Trend Book 2019PwC CEE Transport & Logistics Trend Book 2019
PwC CEE Transport & Logistics Trend Book 2019
PwC Polska
 
Agency Management: Gaining a competitive edge in a mature market
Agency Management: Gaining a competitive edge in a mature marketAgency Management: Gaining a competitive edge in a mature market
Agency Management: Gaining a competitive edge in a mature market
JP KOM GmbH
 
Business transformation and the cio role
Business transformation and the cio roleBusiness transformation and the cio role
Business transformation and the cio role
Salisu Borodo
 
So You Think You Need A Digital Strategy
So You Think You Need A Digital StrategySo You Think You Need A Digital Strategy
So You Think You Need A Digital Strategy
Alan McSweeney
 

Similar to New and emerging business opportunities for printing businesses (20)

2023-State-of-Digital-Transformation_Final.pdf
2023-State-of-Digital-Transformation_Final.pdf2023-State-of-Digital-Transformation_Final.pdf
2023-State-of-Digital-Transformation_Final.pdf
 
Ecommerce ppt
Ecommerce pptEcommerce ppt
Ecommerce ppt
 
CGI Voice of the Client Telecoms Industry IT Trends for 2015
CGI Voice of the Client Telecoms Industry IT Trends for 2015CGI Voice of the Client Telecoms Industry IT Trends for 2015
CGI Voice of the Client Telecoms Industry IT Trends for 2015
 
Digital Transformation Success
Digital Transformation SuccessDigital Transformation Success
Digital Transformation Success
 
Accenture operations for digital business
Accenture   operations for digital businessAccenture   operations for digital business
Accenture operations for digital business
 
Print works - Keynote, Sydney Australia
Print works - Keynote, Sydney AustraliaPrint works - Keynote, Sydney Australia
Print works - Keynote, Sydney Australia
 
Digital Business - Accenture
Digital Business - AccentureDigital Business - Accenture
Digital Business - Accenture
 
[Accenture] Digital Business 2017
[Accenture] Digital Business 2017[Accenture] Digital Business 2017
[Accenture] Digital Business 2017
 
Startup and Entrepreneurs
Startup and EntrepreneursStartup and Entrepreneurs
Startup and Entrepreneurs
 
2018 PRESTO Continuous Improvement partner program
2018 PRESTO Continuous Improvement partner program2018 PRESTO Continuous Improvement partner program
2018 PRESTO Continuous Improvement partner program
 
RowanDay2.pptx
RowanDay2.pptxRowanDay2.pptx
RowanDay2.pptx
 
MIS Unit 1 Dr. Vijay.pptx
MIS Unit 1 Dr. Vijay.pptxMIS Unit 1 Dr. Vijay.pptx
MIS Unit 1 Dr. Vijay.pptx
 
TenXLabs - webinar
TenXLabs - webinarTenXLabs - webinar
TenXLabs - webinar
 
Agile Mumbai 2023 I Digital Transformation Programs - Key Learnings - Anjana Rao
Agile Mumbai 2023 I Digital Transformation Programs - Key Learnings - Anjana RaoAgile Mumbai 2023 I Digital Transformation Programs - Key Learnings - Anjana Rao
Agile Mumbai 2023 I Digital Transformation Programs - Key Learnings - Anjana Rao
 
Managing Digital Transformation
Managing Digital Transformation Managing Digital Transformation
Managing Digital Transformation
 
Five Forces Transforming Transport & Logistics - PwC CEE Transport & Logistic...
Five Forces Transforming Transport & Logistics - PwC CEE Transport & Logistic...Five Forces Transforming Transport & Logistics - PwC CEE Transport & Logistic...
Five Forces Transforming Transport & Logistics - PwC CEE Transport & Logistic...
 
PwC CEE Transport & Logistics Trend Book 2019
PwC CEE Transport & Logistics Trend Book 2019PwC CEE Transport & Logistics Trend Book 2019
PwC CEE Transport & Logistics Trend Book 2019
 
Agency Management: Gaining a competitive edge in a mature market
Agency Management: Gaining a competitive edge in a mature marketAgency Management: Gaining a competitive edge in a mature market
Agency Management: Gaining a competitive edge in a mature market
 
Business transformation and the cio role
Business transformation and the cio roleBusiness transformation and the cio role
Business transformation and the cio role
 
So You Think You Need A Digital Strategy
So You Think You Need A Digital StrategySo You Think You Need A Digital Strategy
So You Think You Need A Digital Strategy
 

Recently uploaded

anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
Digital Transformation in PLM - WHAT and HOW - for distribution.pdfDigital Transformation in PLM - WHAT and HOW - for distribution.pdf
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
Jos Voskuil
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
usawebmarket
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
Erika906060
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
Henry Tapper
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
Naaraayani Minerals Pvt.Ltd
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
HajeJanKamps
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
NathanBaughman3
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop.com LTD
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
HumanResourceDimensi1
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
AUDIJEAngelo
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
seri bangash
 
What is the TDS Return Filing Due Date for FY 2024-25.pdf
What is the TDS Return Filing Due Date for FY 2024-25.pdfWhat is the TDS Return Filing Due Date for FY 2024-25.pdf
What is the TDS Return Filing Due Date for FY 2024-25.pdf
seoforlegalpillers
 

Recently uploaded (20)

anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
Digital Transformation in PLM - WHAT and HOW - for distribution.pdfDigital Transformation in PLM - WHAT and HOW - for distribution.pdf
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 
What is the TDS Return Filing Due Date for FY 2024-25.pdf
What is the TDS Return Filing Due Date for FY 2024-25.pdfWhat is the TDS Return Filing Due Date for FY 2024-25.pdf
What is the TDS Return Filing Due Date for FY 2024-25.pdf
 

New and emerging business opportunities for printing businesses

  • 1. New and Emerging Business Opportunities Hagop Tchamkertenian National Manager for Policy & Government Affairs
  • 2. New and Emerging Business Opportunities Presentation Overview: •Why change in necessary • Interesting internet trends • The impact of the Internet • Technology and people • The mega trends • Emerging opportunities • New business opportunities survey results • Industry forecasts
  • 3. Why change is necessary?
  • 4. Why change is necessary? • Content is now being distributed across multiple-communication mediums • To be successful in the emerging content distribution web, print must evolve to become part of an integrated communication channel • Print needs to compliment not compete with emerging mediums
  • 5. Critical Considerations • “So much of what marketing and communications have become today is less about producing something on a device, and more about thinking strategically about how different media and communications channels interact with each other” • “The nature of each media channel doesn’t change, but different factors such as the type of business, size of business, whether they’re B2B or B2C, the intended audience all determine the mix of channels to use” Extracted from Getting Business by Joseph Webb and Richard Romano
  • 6. Interesting Internet Trends • There are now 2.4 billion Internet users around the world. • More than 500 million photos are uploaded and shared every day. • About 100 hours of video is uploaded to YouTube every minute. • Mobile internet traffic as a percentage of all internet traffic is expected to continue growing one-and-a- half times per year; It’s currently 15%. • Smartphone users check their devices about 150 times a day.
  • 7. The Impact of the Internet • Similar pressures in Australia • Australia Post is also pursuing the email/internet option • According to Australia Post total mail volumes are declining • Utilities, Telco's and other large billing entities are pushing people towards on-line platforms
  • 8. The Impact of the Internet • Over the next 5 years Printed trade book sales is expected to decline by a CAGR of 5.2 percent • Electronic trade book sales to increase by a CAGR of 15.2 percent, and will account for 26 percent of all trade books purchased in Australian bookstores
  • 9. Technology and People Skills Remain Key Factors • A study of more than 1,700 CEO’s across 18 industry sectors in 64 countries shows that of all the external forces that could impact their organisations over the next 3 to 5 years, CEOs now view technology change as most critical. Source: IBM 2012 global CEO study
  • 10. The Mega Trends • Rise of digital – not just short run work but printing of documents, books and labels • Digital and offset being used as complimentary technologies • Web to print • Increased automation (workflow) • Training and ongoing skill development • Finishing work and special applications (differentiation) • Environmentally friendly production (green printing)
  • 11. Emerging Opportunities • Web to print • QR codes • Augmented reality • Charging market rates for prepress, post press, storing/archiving files and materials for clients • 3D printing • Personalised printing (PURLs)/variable data printing • Multi-channel marketing (cross media) • Social media • Functional printing (RFID labels-packaging)
  • 12. New Business Opportunities Survey Background: • On-line survey • Second year of the survey • Survey conducted during April/May 2013 • Distributed to members • 131 responses making it statistically valid
  • 13. New Business Opportunities Survey What best describes your current operations? • Printing business 77.1% (73.9%) • Services to printing 9.2% (8.7%) • Communications services 3.8% (8.7%) • Solution provider 5.3% (4.3%) • Supplier to printing 4.6% (4.3%) Note: Results represented in ( ) refer to last years results
  • 14. New Business Opportunities Survey •Offset still dominant process but digital is now significant
  • 15. New Business Opportunities Survey Given the rapid changes in technology and consumer purchasing behaviour and preferences, has your business responded to accommodate these changes? •75.6 % answered yes (87.4% ) When did the change occur? •Last 12 months 16.5% •Last 2 years 29.7% •Last 3-5 years 37.4% •Last 5-10 years 16.5% •More than a decade ago 0.0% Have you changed the business name/branding to reflect the new business model? •33.7% replied yes; 51.1% replied no; 15.2% no but considering •(27.7% replied yes, 49.4% replied no, 22.9% no but considering) Note: Results represented in ( ) refer to last years results
  • 16. New Business Opportunities Survey •Focus of change has accelerated and process change has a slight edge over structural change
  • 17. New Business Opportunities Survey • Increased digital printing take-up • Investment in technology – faster make ready times, increased operational speed, greater automation • Web to print solutions • Investments in wide format printing • Embracing new distribution channels • Multi-channel marketing • Digital mail/post • Mailing services • Websites, development of Apps • Workflow improvements to accommodate rapid turnaround times, MIS systems • Investments in finishing • Warehousing and logistics • Niche market and innovation
  • 18. New Business Opportunities Survey •82% of respondents indicated that they derive 50% or more of their revenue from traditional areas, up from 72%
  • 19. New Business Opportunities Survey •Declining reliance on traditional printing and related activities is shown
  • 20. New Business Opportunities Survey Do you offer non-printing related services to your clients? • 65.5% said yes (73% said yes) Do you offer any of the following?
  • 21. Mobile Barcode Scanning • Males outpace females 2 to 1 in the scanning of mobile barcodes (65% v. 35%). • Nearly six in 10 (57%) of mobile barcode scanners were aged 35 and older in Q1 2013, up from 41% a year prior. • Most scanned QR Code campaigns are connecting users to product info followed by social media, mobile commerce, video, and digital coupons. • Top industries, in terms of scanning activity: retail, food and beverage, wireless, print, and toys Source: ScanLife, Mobile Barcode Trend Report Q1 2013, May 20, 2013.
  • 22. Other non- Printing Related Services Offered • Design • Marketing advice/campaigns • Signage • Flatbed • Printing on new materials • Document data capture • E-publishing, • Finishing services • Warehousing and logistics • Mailing and distribution • Web services • Phone apps • Database management • Promotional items marketing • High end packaging New Business Opportunities Survey
  • 23. New Business Opportunities Survey • Almost 33% of respondents indicated that they derive more than 20% of their revenue from non-traditional printing activities, up form 22% response last year
  • 24. New Business Opportunities Survey Do you offer web to print purchasing platform? • Yes – 35.4 % (35.6%) • No – 47.8% (38.4%) • Considering – 16.8% (26%) Proportion of revenue derived from web to print • <Up to 10%> - 39.0% (57.1%) • <10-20%> - 22.0% (25.0%) • <20-30%> - 26.8% (10.7%) • <More than 50%> - 7.3% (7.1%) Note: Results represented in ( ) refer to last years results
  • 25. New Business Opportunities Survey As a proportion of total revenue has there been an increase in revenue derived from web to print? • 31.1% said yes (31.5% said yes) • 51.4% said no (40.7% said no) • 30.3% were uncertain (27.8 % were uncertain) Cost of setting up web to print platform? • Responses ranged from $5,000 to $250,000 Investment in web to print provided satisfactory ROI? • 50% said yes (45.7% said yes) Note: Results represented in ( ) refer to last years results
  • 26. Industry Forecasts Over the next 12 months: Over the next 3 years: Do you expect your business to grow? Yes No Yes No 47.6% 52.6% 73.7% 26.3% Do you expect your business to employ more staff? Yes No Yes No 28.1% 71.9% 47.4% 52.6% Do you expect your business to train more staff? Yes No Yes No 46.5% 53.5% 52.6% 47.4% Do you expect the industry as a whole to grow? Yes No Yes No 15.8% 84.2% 27.2% 72.8% Source: Printing Industries New Business Opportunities Survey
  • 27. Key Findings • Key theme is one of embracing change. The world we operate in is constantly changing and printing businesses must be guided by this fundamental principle • Technology remains a key driver of change • Rise of digital and automation are changing the industry landscape • Printing will evolve into a low volume customer focus industry • Cross media marketing is the platform for engaging customers
  • 28. Key Findings • Most printers continue to view themselves within the traditional prism of print manufacturers • Yet less reliance on traditional printing activities • Offset remains the dominant process but digital is now significant and has the momentum • Focus of change remains on process (technology) as opposed to structural (business refocussing) • Response to change has seen take-up of digital process, wide format, multi-channel marketing, finishing, logistics, niche markets and innovation, web to print • Cost control by way of automation, workflow improvements, investment in MIS systems
  • 29. Key Findings Non-printing related service offerings: • Design • Marketing advice/campaigns • Finishing services • Warehousing and logistics • Mailing and distribution • Web services • Phone apps • Database management Almost 33% of respondents derive 20% or more of their revenue from non-printing related activities up from 22% a year ago
  • 30. Some Concluding Comments •All major steps start with some level of discomfort. That’s how we grow – as individuals, as professionals and as businesses. •Opportunities exist for those willing to embrace change!
  • 31. Thank you Join us for our next FREE webinar in 2 weeks: 12 July Become More than a Printer: Diversify your Business Service Offerings Presented by marketing expert, Richard Pester, ADMA Register on printnet.com.au PLUS our Marketing Essentials Course 14 & 21 August Our Australia-wide free Spotlight Discussion & Networking Event on the Future of Print Dates and Venues: Event from 5-7pm Vic ‐ Thursday 4 July SA ‐ Wed 10 July WA ‐ Thursday 11 July QLD ‐ Tuesday 16 July NSW ‐ Thursday 18 July For more information, visit our calendar page at printnet.com.au or email us at support@gasaa.asn.au

Editor's Notes

  1. Diversify your Business Service Offering