Specialty Graphic Imaging Association (SGIA)

SGIA Releases 2011 Financial Outlook & Business Growth Plans Report

SGIA has unveiled its 2011 Financial Outlook and Business Growth Plans Report, which evaluated financial trends and profitable business strategies for the specialty imaging community.

"SGIA Surveys and Statistics provide a unique industry view of how companies are growing their businesses, how they purchase equipment and how they view the health of their business now and in the future," said Dan Marx, SGIA's Vice President of Markets and Technologies.

The full report, free to SGIA members and all survey participants, provides:

  • Anticipated business and sales growth
  • Equipment purchases, planned versus actual
  • Accounts receivable and credit numbers
  • Employee sales details

According to the report, graphic imagers are moving more toward digital printing, with 33.7 percent of respondents indicating total reliance on digital technology, while an overwhelming 78.7 percent of garment decorators still report a predilection for, or complete dependence upon, traditional screen printing.

The report also revealed that the graphics and garment decoration communities, alike, are optimistic about sales growth in 2011. Less than seven percent of garment decorators are expecting flat or declining growth, while 82 percent of graphics and sign companies are looking forward to positive growth.