Rising Costs, Shrinking Profits?
For all the talk about gas prices, what about vinyl and ink prices? Well, the two are connected. It turns out some wide-format consumables use petroleum products as key components, and therein lies a big problem, according to an article in Wide-Format Imaging.
The article reports that during the May 2000-to-May 2006 time frame, a period that witnessed the Consumer Price Index (CPI) climbing 18 percent, the price of refined petroleum products skyrocketed 146 percent. Rapidly industrializing nations like China and India are vying for oil and natural gas supplies, and for the products resulting from those raw materials. But the oil supply-and-demand picture is only part of the issue.
Click here to find out what this means for you, and share with our community how higher prices are impacting your business — and some creative ways to cut costs!
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