There appears to be more certainty regarding tariffs and the impact on our business. Our printing plates will increase by about 5%. Once we run out of ink already in the U.S., that cost will increase by about 10-15%. Paper costs will increase 15% unless we can secure enough domestically produced paper.
So, perhaps some certainty moving forward? No, it doesn’t appear that way. Macroeconomic factors appear very unsettled and difficult. Jobs and unemployment numbers, interest rates, and consumer and corporate debt are all quite concerning.
So, how do we move forward? Focus on productivity and maximizing the excellent investments we’ve made in people and equipment over the last few years. Continue to look for strategic partnerships. Maximize our strong financial strength with no debt.
What is certain is that we’ll do all of this to provide our clients and future clients with the best value and quality proposition possible.