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Three factors explain the subsectors evolution first

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Unformatted text preview: s. Second, increased competition among commercial printers for the reduced demand for printing services has accelerated the need for technical innovation and increased efficiency. Third, smart phones and tablet computers offering real-time access to merchant promotions has accelerated the reduction in printed advertising. The trends related to industry downsizing, desktop publishing, and nonprint media are expected to continue. Inefficient print shops will not survive. The slow recovery will aggravate the subsector’s business environment. The printing and publishing subsector lost 300 jobs in 2011 and will contract by another 400 jobs in 2012. continued on page 36 35 2012 Colorado Business Economic Outlook Manufacturing continued from page 35 Employment in the other nondurable goods subsectors, including textiles, clothing, paper, petroleum products, chemicals, and plastics and rubber manufacturing, remained stable in 2011, at 14,900 workers. The largest job declines occurred in textile product mills and paper manufacturing, which both lost 200 jobs. These were partially offset by growth in plastics and rubber prod...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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