Analyzing COVID-19's Acceleration of Print Industry Transformation

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Added on  2023/06/18

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This report evaluates the infographic "COVID – 19 Accelerating Print Industry Transformation," highlighting the opportunities and challenges presented by the pandemic to the print industry. It emphasizes the shift towards digital techniques and online channels for B2B interactions, driven by the crisis. The analysis reveals that while COVID-19 significantly impacted the industry, it also spurred innovation and adaptation, particularly in customer service and the adoption of digital technologies. The report notes a decline in print volume and shifts in consumer demands, especially in healthcare, while also identifying opportunities in collaboration, cloud storage, and digitalization. It concludes that the pandemic has fundamentally reshaped the print industry, necessitating a focus on business recovery and adaptation to new market conditions. Desklib offers a platform to explore similar solved assignments and past papers for students.
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Analysis and
Visualisation of Data
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Table of Contents
Introduction......................................................................................................................................3
Main Body.......................................................................................................................................3
COVID – 19 Accelerating Print Industry Transformation..........................................................3
Conclusion.......................................................................................................................................5
REFERENCES................................................................................................................................6
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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
opportunities in regards to operational activities being performed in the business firm
(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 more easier 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 chose industry 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
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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.
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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.
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