Publishers Turn to Digital Printing
More than 150 book publishers, book manufacturers and suppliers met at the Marriott Marquis in Times Square recently for the first Digital Book Printing Conference, organized by IPG's parent company, NAPCO Media (formerly North American Publishing Co.) The networking and educational event featured an insightful keynote from Marco Boer, VP of IT Strategies.
Setting the stage for the sessions to come, Boer explained the forces that have made digital printing not only a viable solution, but a necessary one. He credited self-publishing and ebooks with inundating the book market with a greater volume of titles and contributing to the dramatic drop in single-title sales the industry has experienced.
"There has not been a bestseller that has sold more than 40 million copies since 2007," noted Boer, "and that was Harry Potter." With less volume per title, continued Boer, publishers are suffering substantial losses from returns and warehousing costs.
Boer, as well as several of the other speakers at DigiBook, lamented that the book industry employs printing and inventory strategies from a bygone blockbuster era of book publishing. Yet market forces have compelled many to reassess the entire life-cycle costs of a title. Though it's certainly no panacea, digital printing presents some solutions for altering how publishers procure and distribute physical books. Technology advancements have enabled more efficient, cost-effective digital printing and higher-quality products than what publishers may have experienced from digital in the past.
Reaching New Markets
Following Boer's keynote, a panel of leading book publishers took to the stage to discuss how they are reinvigorating their businesses with new printing technology. (See sidebar.) Then Kirby Best, former president of POD book manufacturer Lightning Source, spoke to the crowd about using digital printing and print-on-demand technologies to reduce risk, reach new markets and save costs.
"The ability to print the exact quantity needed, when it's needed, and not fill warehouses full of books that will never be read is a real possibility with digital printing," said Best.
Speaking from the the "storyteller's" perspective, Karen Romano, a former production executive at Simon & Schuster, discussed print's resilience and its future.
"Ninety seven percent of people who read ebooks are still wedded to the printed book," revealed Romano. For print to continue to thrive, publishers and printers need to work together. "The relationships between printers and publishers are crucial. Both need to understand the complete supply chain."
To capture the point of view of the retail end of the supply chain, Peter Glassman, president of children's bookstore Books of Wonder and Michael Norris, book industry research consultant, fielded questions on how the industry is and should be responding to ground shifts caused by Amazon, ebooks and the like. Both panelists spoke to the "experiential buying" that customers enjoy when shopping in a brick-and-mortar store—something that can't be replaced by Amazon and which publishers should embrace.
Norris encouraged book publishers to find ways to embolden and empower traditional booksellers, whom he feels are the true advocates of publishers' powers.
"There are two kinds of retailers out there," said Norris. "The kinds that have a stake in [books] and those that don't."
Digital Print Technology
Later in the day, digital printing equipment manufacturers, including Muller Martini, HP, Canon, Ricoh and Kodak, shared their thoughts on the adoption of digital printing technology by book manufacturers. By providing modules that can modify existing machines, these suppliers are helping printers scale up their digital printing offerings as technology evolves.
Of course, printers themselves shared some thoughts on how they are implementing digital printing to respond to the needs of publishers. In some cases they're seeing the economics working out so that books that used to be printed in China can be printed in the U.S. and with quicker turnaround times. Elsewhere, George Dick, president of Four Colour Print Group, noted that the quality of digital printing is approaching a point where it is comparable to offset.
Connecting all the individual sessions was an undercurrent of excitement about digital printing's potential and the great lengths it has come over the past two decades. Bruce Watermann, SVP of operations at Blurb, observed during the publisher panel, "It's just a matter of time for [digital printing's] quality to match that of offset. It's getting consistently better."
Ellen Harvey is a freelance writer and editor who covers the latest technologies and strategies reshaping the publishing landscape. She previously served as the Senior Editor at Publishing Executive and Book Business.