Higher education ($164B, +17%; with $3.0B to print, -6%) is at No. 24. Too many schools, overheads and non-academic distractions are dragging grades down to a “C”—consolidate or collapse—at most campuses. Down endowments and alumni giving should be prompting fund raising and recruitment print, but the schools are terrible at marketing, even though they teach it. Alternative private education ($1.3B to print, +21%) is taking the course and getting an A+. Transit ads, billboards, signage, direct mail and Internet-to-print are the products the traditional schools will have to employ. Cultural events ($0.5B, +0%) continue as a big buyer of posters, programs, signs, tickets and other mostly sheetfed and screen printing. Curriculum materials (included in the publishing segment) are declining, as Web-based learning tools replace textbooks.
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