Headline Rollups for April 19, 2018
Most, if not all of us, in the imaging industry realize that our industry is declining and will continue to decline. Realizing that their printer revenue, margins, and operating profits will be shrinking, printer manufacturers and resellers are looking at ways to reduce costs and to improve efficiency but doing so without sacrificing customer service. For years, as a way to prevent hardware margins from declining faster as average sales prices have declined, printer manufacturers have focused on reducing manufacturing costs to the point where there is little more that can be done on the cost side.
Investors Darwin Deason and Carl Icahn have launched a fresh offensive in their bid to derail Xerox’s proposed sale to Fujifilm, with Deason filing an amended lawsuit as part of an ongoing attempt to stymie the takeover.
Epson’s refillable, eco-friendly print cartridges just got smaller, but the compact form of the ink EcoTanks still allows the company’s new all-in-one to ship with two years of ink in the box. On Tuesday, April 17, Epson announced the WorkForce Pro ET-8700 EcoTank All-in-One, a printer designed for small businesses.
On April 17, IBM announced shrinking margins and flat currency-adjusted revenue—and it failed to boost its forecast for the year. The stock had lost 7.6% before the close on April 18.
SO YOU’VE STARTED OFFERING print and managed print services (MPS). Wise plan. The global MPS market was worth $26.72 billion in 2016 and will reach $49.7 billion by 2025, according to Grand View Research Inc.
Digital transformation is driving workflow automation at an increasing rate. Senior business leaders in a recent Cognizant study feel that 25 percent to 40 percent of core workflow such as ERP, CRM or BPM has already been automated. Yet the study suggests that there is a “long tail” of other manual processes that haven’t been automated.1 The global workflow automation market is expected to grow at a 22 percent CAGR and reach $17 billion by 20232 with the U.S. market growing to $6.7 billion by 2020.
Business technology solutions provider Brother UK has launched two new label printers to help resellers support retail businesses in improving efficiency and productivity, as ecommerce demand grows.
Dell has announced a date for the termination of its printer retail arm, with the OEM declaring that it will exit the printer business at the end of July 2018.