EDITOR'S notebook

Our industry is being redefined by both internal and external forces.

In his speech to WOA conference attendees, Davis revealed that the industry continues to restructure as a result of overcapacity. Recent sales growth was achieved despite an industry-wide reduction of 1,538 plants and 18,000 employees nationwide. In the past four years alone, according to the PIA/GATF economist, the U.S. printing industry declined by 4,810 plants (11,000 plants lost since 1974) and approximately 150,000 employees.