Industry opinion and thought leadership
Survival of the fittest: Why print manufacturers must become masters of innovation
In today’s digital area, faced with the stark reality of either reinvention or rapid decline, large print industry players need to rapidly innovate to survive and prosper. Quocirca’s Print 2025 study reveals that, despite almost two thirds of industry executives saying innovation is the key to future success and the considerable resources at their disposal, major manufacturers have a harder time keeping pace with transformation than start-ups. This is due to a combination of factors such as corporate inertia, legacy processes and systems, difficulty in getting buy-in for new technology from senior leaders, and a misunderstanding of the needs of ever more connected consumers.
On June 12 2019, HP opened the doors to its cutting-edge 3D Printing and Digital Manufacturing Center of Excellence in Barcelona, Spain. As it made one of the boldest statements for R&D yet to be seen in the 3D printing industry, HP hosted a small contingent of industry analysts for a tour of the advanced research and development facilities. These are packed with next-generation technologies, experts and engineers, all of a piece to disrupt traditional manufacturing supply chains through 3D printing and digital manufacturing technology.
HP Inc has released its 2018 Sustainable Impact Report, including an industry-leading goal to increase recycled content plastics across its print and personal systems portfolio to 30% by 2025. According to the report, HP’s Sustainable Impact programs drove more than $972 million dollars of new revenue for HP in 2018, a 35% year-over-year increase. As a market leader, HP has an opportunity not only to drive competitive advantage through its ambitious sustainability targets, but also drive change and deeper commitment to supporting the circular economy across the print industry.
As businesses prioritise efficiency and productivity, they are looking to technology suppliers to deliver data-driven insights and value-added services. The briefing looks at the evolution of the open, data-driven platform economy and the importance of collaboration with third party data partners to offer services that go beyond the conventional print environment. It also explores the role and capabilities of intelligent MFPs in data generation and analysis as part of the IoT and looks at how cloud and AI will influence the future of the industry.
At this critical stage in the lifecycle of blockchain, it’s important to look at how it can help achieve specific business goals. Our latest report, The Blockchain Opportunity, takes a balanced look at where it can add value and solve industry issues and also examines barriers to adoption and challenges to be faced.
At its Investor Day on the 5th February in New York, the company discussed its commitment to simplify its operations, instil a culture of continuous improvement, invest in areas of growth and capitalise on new and adjacent market opportunities. Can Xerox reinvent itself and make the transformation needed to reclaim its place as an industry icon, or will inertia continue to hinder its efforts?
Data breaches are rarely out of the headlines and compliance pressure, such as the introduction of GDPR, means security remains high on the corporate agenda. Cyber threats and data breaches are no longer the sole domain of the IT department, they must be considered at board level as the repercussions are simply too big to ignore.
2018 saw the print industry continue to face the stark realities of digital disruption. While HP continues to strengthen its lead in an increasingly commoditised market, the traditional copier companies such as Konica Minolta, Ricoh and Xerox continue are taking differing approaches to retain relevance. Whatever the outcome, the industry must continue to embrace the following trends that will define success or failure in 2019.
HP Inc (HP) held its Power of Print analyst event in Palo Alto on 1st and 2nd November 2018, marking its third anniversary as an independent company. HP has bold ambitions to reinforce its lead in the market, driven by an innovation-led strategy across all its business lines, which is already paying dividends. FY18 revenue was up by 12% on the previous year, boosted by key developments in operational excellence as well as an improved cost structure.
Xerox is banking on software innovation to revitalise its business, but success will also depend on its ability to shift the cultural mindset of both its employees and partners.
Quocirca's 2018 MPS Landscape Report reveals that in order to differentiate in a mature market, MPS providers must capitalise on opportunities in IoT, security and analytics. Managed print services (MPS) continues to offer fundamental growth opportunities for print...
Can leading print industry players truly reinvent themselves to drive disruption in their industry and harness the entrepreneurial, start-up spirit and design thinking that Tesla has brought to the auto industry?