COVID-19 Accelerating Print Industry Transformation: An Infographic Analysis
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Added on 2023/06/18
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This report evaluates the poster 'Infographic: COVID – 19 Accelerating Print Industry Transformation' and highlights the opportunities, issues, and ideas for making a better poster. It also presents various opportunities derived from the COVID-19 crisis and their impact on the print industry.
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Table of Contents Introduction......................................................................................................................................3 Main Body.......................................................................................................................................3 COVID – 19 Accelerating Print Industry Transformation..........................................................3 Conclusion.......................................................................................................................................5 REFERENCES................................................................................................................................6
Introduction The present report will be based on evaluation of poster i.e. “Infographic: COVID – 19 Accelerating Print Industry Transformation”. Further, good features highlighted in the poster along with the opportunities, issues and ideas being developed for making of a better poster is also being mentioned in the given essay. In the presented report various opportunities derived from upcoming of COVID-19 crisis is also being presented which also highlights related opportunitiesinregardstooperationalactivitiesbeingperformedinthebusinessfirm (Renukappa, Kamunda and Suresh, 2021). Main Body COVID – 19 Accelerating Print Industry Transformation In the past times with occurrence of COVID-19 which brought changes in terms of crisis or opportunity depending on view points of several operational businesses. With upcoming of COVID-19 pandemic in year 2019, the market have experienced drastic changes. From one aspect it have created crisis and on the other hand have proved to be great market opportunity. In the given context of accelerating print industry transformation, managers at the given industry have laid importance in terms of using digital techniques to seek to the opportunity present in the economy. The mode of online channel was being taken into consideration for dealing with several B2B clients which have made the business lot moreeasier and also have reduced complexities in terms of operating a particular task. With a strong believe that business opportunity comes with a problem, issue or challenge in the given marketplace. Considering operational working at print industry several dedications were being put at arranging a better customer service along with the product and service being delivered by the industry in several regions of operations. In this regards good amount of invested for boosting up operational work produced at respective industry to use of more digital technologies. The operational parameters were being set upon compilation of business tasks along with the respective market conditions which is an inclusion of COVID-19 aspects(Starr, Saginor and Worzala, 2020). From the analysis of infographics provided it can be said that there was a significant impact over the choseindustry i.e. print industry, however, there were greater chances for mitigating such risk factors. Therefore, by mitigation of such risk factors it becomes a good opportunity for the said firm to develop better business activities and to boost firm's sales
activities. As per analysing the stats mentioned in the provided poster for about 66% of the data shows significant impact of COVID-19 on the said business industry. It is being believed that use of digital technologies can greatly impact over performance of such industry in the given marketplace. In the next section of the poster it can be evaluated that upcoming of COVID-19 pandemic have developed better opportunity for the given industry in terms of deriving innovation. With the stats for about 77% individual reported the need for innovation when comparing the stats mentioned in the poster. In addition to this there is a significant decline in print volume of the given industry has being noticed during the period. As the stats shows 68% significant decline followed with a marginal decline of 27%. In addition to these there are noticeable changes being observed in demands of consumers in the respective industry. The highest changes in demand were being observed in healthcare sectors. This makes a good sense as due to upcoming of current pandemic i.e. COVID-19 individuals residing in several regions were being experiencing issues or challenges related to health and related services. Also critically analysing other stats in government, financial services, retail and educational sector had to bear the impact of changes brought up by this pandemic whether being positive or negative (Huang and Farboudi Jahromi, 2021). By critical evaluation of poster provided, it can be said that the change have its resulted in great impact over collaboration, cloud and digitalisation opportunities. As being in lock-down situation there was limited ways through which an individual can get in contact with each other whether for personal or professional purposes. This promoted the use of cloud storage in which information or data can be scored on cloud i.e. online without embarking to self-storages software. Through use of such technologies a given corporate firm can innovate in terms of respective functional market or sector through which all the regulatory activities of the business firm is to be regulated. However there is a greater risk for carrying the operational work through use of such technologies due to presence of hackers or internet viruses which can potentially disrupt the privacy measures which is expected by various stakeholders of the corporate firm. Further explained in the poster under channel partners expects more support from their suppliers, it can be said that the terms of extended payments financial supports, supply chain issues and personalised guidelines were also the factors which were impacted. Therefore, it can be stated that the upcoming of COVID-19 have bought significant opportunities in terms of carrying innovative activities towards operational work of the operational firm(Ashour, 2021).
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Lastly, as analysing the post impact of the given pandemic individual business owners and managers were more concern over business recovery time and bringing back the business operations on track. Conclusion From the above discussion being carried out in the given report document from analysis of the given infographic poster it can be concluded that, with upcoming of COVID-19 pandemic it have impacted over various businesses operating in various fields. Further, it can be said that the upcoming of COVID-19 have presented several opportunities in the given business sector which have promoted the innovative ways of performing business tasks which also reduces complexities and uncertainness in the business marketplace.
REFERENCES Books and Journals Ashour, S., 2021. How COVID-19 is reshaping the role and modes of higher education whilst moving towards a knowledge society: the case of the UAE.Open Learning: The Journal of Open, Distance and e-Learning, pp.1-16. Huang, A. and Farboudi Jahromi, M., 2021. Resilience building in service firms during and post COVID-19.The Service Industries Journal,41(1-2), pp.138-167. Renukappa, S., Kamunda, A. and Suresh, S., 2021. Impact of COVID-19 on water sector projects and practices.Utilities Policy,70, p.101194.. Starr, C.W., Saginor, J. and Worzala, E., 2020. The rise of PropTech: emerging industrial technologies and their impact on real estate.Journal of Property Investment & Finance.