{"id":13240,"date":"2021-07-12T11:00:05","date_gmt":"2021-07-12T16:00:05","guid":{"rendered":"http:\/\/www.navitor.com\/blog\/?p=13240"},"modified":"2024-01-24T13:51:51","modified_gmt":"2024-01-24T19:51:51","slug":"supply-chain-impacts-are-hitting-print","status":"publish","type":"post","link":"https:\/\/www.navitor.com\/blog\/supply-chain-impacts-are-hitting-print\/","title":{"rendered":"Supply Chain Shortages Are Hitting Print"},"content":{"rendered":"<p>The scale of the pandemic\u2019s impact on supply chains, manufacturing, labor and costs eclipses anything most manufacturers have experienced before. As these conditions hit the print industry, we\u2019re seeing material costs across all categories increase over 10%. Have you been watching the supply chain? The <em>New York Times<\/em> article <a href=\"https:\/\/www.nytimes.com\/2021\/06\/01\/business\/coronavirus-global-shortages.html\">\u201c<em>How the World Ran Out of Everything<\/em>\u201d<\/a> takes a deep dive into Just In Time (JIT) manufacturing, inventory shortages and the global shipping chaos. CNBC reports that <a href=\"https:\/\/www.cnbc.com\/2021\/06\/15\/retail-sales-producer-price-index-may-2021.html\">supplier price increases climbed 6.6% in May<\/a> \u2013 the largest 12-month increase on record. Reuters imparts that manufacturing is slow-going due to shortages of inputs and rising demand in their article <a href=\"https:\/\/news.yahoo.com\/u-manufacturing-sector-slows-april-140217782.html\"><em>\u201cSupply chain bottlenecks amid roaring demand slow U.S. manufacturing\u201d<\/em><\/a>.<\/p>\n<p><strong>We are on top of it<br \/>\n<\/strong>Buying raw materials and manufacturing products requires a dependable and undisrupted supply chain. The increased demand and limited availability of materials and services has had a huge impact on turn times and the final cost of goods across all industries. It takes creativity and careful analysis in order to stay on top of the fluctuations and navigate the disruptions. That\u2019s why we are closely monitoring seven core markets that effect our business, allowing us to gauge the impact on us as well as how it impacts our valued distributors.<\/p>\n<p><strong>Markets we\u2019re watching and a snippet of current findings<\/strong><\/p>\n<ul>\n<li><strong>Paper Market<\/strong>\n<ul>\n<li>All graphic paper costs have increased and availability on just about every grade of paper is limited.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Label Market<\/strong>\n<ul>\n<li>Pricing pressures, substantial inflation and paper pulp price increases compounded with domestic freight and ocean transportation disruptions are causing imbalances to the market.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Retail Signs &amp; Graphics Market<\/strong>\n<ul>\n<li>Pivots in product demand, rising costs and surcharges are a few of the conditions shaking things up.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Packaging Market<\/strong>\n<ul>\n<li>Demand is elevated while earnings are down and prices are way up.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Promotional Market<\/strong>\n<ul>\n<li>The promo market continues to grapple with rising prices and inventory issues.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Logistics Market<\/strong>\n<ul>\n<li>Fuel costs, truck scarcities and TL rate increases continue to challenge freight markets.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Labor Market<\/strong>\n<ul>\n<li>Employee scarcities, a high number of job openings and demand for higher pay will take a while to sort out.<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-13247\" src=\"https:\/\/www.navitor.com\/blog\/wp-content\/uploads\/SupplyChainDoc-232x300.png\" alt=\"\" width=\"300\" height=\"388\" srcset=\"https:\/\/www.navitor.com\/blog\/wp-content\/uploads\/SupplyChainDoc-232x300.png 232w, https:\/\/www.navitor.com\/blog\/wp-content\/uploads\/SupplyChainDoc-768x994.png 768w, https:\/\/www.navitor.com\/blog\/wp-content\/uploads\/SupplyChainDoc.png 779w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>We go into much greater detail of the impacts on the print supply chain along with providing mitigation tools for you in our <a href=\"https:\/\/www.navitor.com\/members\/catalogs\/2021\/supplychainimpact\/\"><u>digital flipbook<\/u><\/a>: <strong><em>Supply Chain Impacts on the Print Market<\/em><\/strong>, <em>A\u00a0<\/em><em>distributor\u2019s strategic guide for navigating price increases<\/em>. In this overview you will find insights into the print markets, the impacts to manufacturing, and mitigation steps we&#8217;re taking to minimize the impact. We also share specific steps you can take to reduce the impact to your business. It is filled with resources and content to help you understand so you can take action from an informed position.<\/p>\n<p><strong>Benefits amid the changes<br \/>\n<\/strong>Some good news for you in all of this is the benefit you have with working with Navitor. Prices are increasing across the board in our industry and we are seeing much higher increases than ours rolling out in competitive companies. Because we have scale, it minimizes the percentage of increase so you don\u2019t have to absorb the entirety of the price increases.<\/p>\n<p><strong>We\u2019re here for you<br \/>\n<\/strong>Staying on top of market trends and industry conditions gives us the means to help you deliver the best customer experiences. To make sure you\u2019re giving your customers what they need and addressing topics important to them, rely on us as your go-to resource for thought leadership and innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The scale of the pandemic\u2019s impact on supply chains, manufacturing, labor and costs eclipses anything most manufacturers have experienced before. As these conditions hit the print industry, we\u2019re seeing material costs across all categories increase over 10%. Have you been watching the supply chain? The New York Times article \u201cHow the World Ran Out of [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,4,6,14],"tags":[],"class_list":["post-13240","post","type-post","status-publish","format-standard","hentry","category-print-education","category-news","category-print-products","category-resources","entry"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/posts\/13240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/comments?post=13240"}],"version-history":[{"count":7,"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/posts\/13240\/revisions"}],"predecessor-version":[{"id":13287,"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/posts\/13240\/revisions\/13287"}],"wp:attachment":[{"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/media?parent=13240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/categories?post=13240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.navitor.com\/blog\/wp-json\/wp\/v2\/tags?post=13240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}