Investment banks/syndication ($3.2B to print, -8 percent) will suffer as more IPOs go offshore, thanks to Congress’ continuance of Sarbanes-Oxley resulting in lower legal and administrative costs in London, Toronto and other financial centers.
Number 3 medical products/pharmaceuticals ($384B, +3 percent; with $12.1B to print, -6 percent) will be sub-normal, as pharmaceuticals and wellness ($8.9B to print, 0 percent) stall with the expiration of patents and government encroachment.
- People:
- Jack Welch
- Places:
- United States
Vincent Mallardi, C.M.C., is a the chairman of the Printing Brokerage/Buyers Association International (PBBA) and is a Certified Management Consultant in the paper, printing and converting industries. He is also an adjunct professor in economics. Contact him via email at vince@pbba.org