August 2019
Cotton Prices Continue To Plummet; Farm Help On The Way
By Jim Phillips, Yarn Market Editor
Cotton prices continued a fall that began late last year and are now barely above 50 cents per pound. Average spot quotations were 428 points lower for the week ended August 8, compared to the previous week.
In the seven designated markets measured by the USDA, quotations for the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0-28.9, and uniformity 81.0-81.9) averaged 53.47 cents per pound for the week, down from 57.75 the week before. For the corresponding week a year ago, the average for the same seven markets was 84.26 per pound.
Daily average quotations ranged from a low of 52.73 cents Monday, August 5 to a high of 54.36 cents Thursday, August 8. Spot transactions for the week totaled 2,872 bales. This compares to 8,394 the week before. The ICE October settlement price ended the week at 59.54 cents, compared to 61.84 cents the previous week.
“No doubt that this downward price pressure is due in large part to cotton sales to China being substantially below the level that was expected in the absence of tariffs,” National Cotton Council (NCC) Chairman Mike Tate said. “On top of that, U.S. cotton has lost market share in China to Brazil and Australia, and pressure is building in the distribution chain as U.S. cotton exports lag and stocks build.”
U.S. cotton sales to China have decreased by more than one million 480-pound bales for the year to date, according to the NCC. “We realize that President Trump is working to address long-standing market access barriers and structural concerns, but we encourage the administration to look at all options to increase U.S. cotton’s global competitiveness,” Tate said.
The Trump administration recently announced a $16 billion package to aid farmers through the Market Facilitation Program (MFP), Food Purchase and Distribution Program (FPDP), and Agricultural Trade Promotion Program (ATP). Tate said this assistance is timely as U.S. cotton’s economic health is deteriorating. He noted cotton futures prices have fallen by 30 cents per pound since summer 2018. That equates to about $250 less revenue per acre for a producer with average yields.
New Textile Tariffs For China?
The U.S. Trade Representative Office’s (USTR) announced in mid-August updates to a proposed 10 percent tariff on approximately $300 billion of Chinese imports. Included in the tariffed goods are textile and footwear. If imposed, it is likely new tariffs on textile products would not likely go into effect until December.
“As U.S. manufacturers that have suffered enormously from China’s illegal IPR activities and state-sponsored export subsidies, we strongly support the administration’s decision to move forward with this next tranche of 301 retaliatory tariffs that will finally cover a significant portion of China’s exports in our sector,” said Kim Glas, NCTO President and CEO. “We also believe that the inclusion of products that are within significant Chinese employment sectors, like finished apparel, will substantially increase the administration’s negotiating leverage with the Chinese to address systemic trade reforms that are needed. Any such settlement must include short-and long-term reforms that eliminate China’s predatory trade practices in key industrial sectors across the board, such as textiles and apparel.”
Interest Rates And Consumer spending
There are several new factors that may herald increased orders for yarn and other textile goods First, The Federal Reserve voted in late July to lower the federal funds rate to between 2 percent and 2.25 percent, making the first cut in years. When this rate decreases, it’s passed along to consumers, lowering the costs of borrowing for consumers and encouraging economic growth.
Second, consumer confidence is once again of the rise. The Conference Board Consumer Confidence Index® rebounded in July, following a decrease in June. The Index now stands at 135.7 (1985=100), up from 124.3 in June. The Present Situation Index — based on consumers’ assessment of current business and labor market conditions — increased from 164.3 to 170.9. The Expectations Index — based on consumers’ short-term outlook for income, business and labor market conditions — increased from 97.6 last month to 112.2 this month.
“After a sharp decline in June, driven by an escalation in trade and tariff tensions, Consumer Confidence rebounded in July to its highest level this year,” said Lynn Franco, senior director of Economic Indicators at The Conference Board. “Consumers are once again optimistic about current and prospective business and labor market conditions. In addition, their expectations regarding their financial outlook also improved. These high levels of confidence should continue to support robust spending in the near-term despite slower growth in GDP.”
August 2019
Electronics For Imaging Appoints Jeff Jacobson As CEO
FREMONT, Calif. — August 13, 2019 — Electronics For Imaging Inc. (EFI) today announced the appointment of Jeff Jacobson, a 30-year veteran of the digital imaging and industrial technology sector, as CEO, effective immediately. Jacobson will retain his position as executive chairman. Jacobson succeeds Bill Muir, who is stepping down for personal reasons.
Prior to joining EFI, Jacobson served as CEO of Xerox. Jacobson also served as both president of Xerox’s Technology Business and president of Xerox’s Global Graphic Communications Operations. Prior to joining Xerox in 2012, he was the chairman, president and CEO of Presstek, a leading manufacturer of digital offset printing solutions.
Jacobson said: “I am thrilled to be expanding my role on EFI’s leadership team to identify unique opportunities for innovation across the company. EFI’s portfolio of best-in-class solutions presents an exciting opportunity to drive further growth in high-quality inkjet and integrated, digital workflows. Together with my experienced and talented colleagues on the EFI team, we will provide the leadership needed to help EFI accelerate the transformation of industries where colorful images matter. I also want to join the EFI team in thanking Bill for his contributions to the company’s success and wishing him the best in his future endeavors. Bill played a pivotal role in successfully positioning EFI for the next chapter of our evolution, always doing so with integrity and the best interests of customers and employees.”
Throughout his career, Jacobson has displayed an on-going commitment to helping customers improve their productivity and enhance their operations. As CEO of Xerox, he oversaw Xerox’s largest product launch in its more than 100-year-history and led the company through a strategic transformation, delivering best-in-class customer service, and driving innovation, while improving Xerox’s operating margins and cash flow.
Before his time at Xerox and Presstek, Jacobson served as COO of Eastman Kodak’s Graphic Communications Group, where he was responsible for managing operations in Eastman Kodak’s Global Graphics operations, which included manufacturing locations throughout North America, Europe, Japan, China, Israel and South Africa. Jacobson also served for five years as CEO of Kodak Polychrome Graphics, a highly successful joint venture between Sun Chemical and Eastman Kodak.
“It has been a privilege to lead EFI through an important chapter in the company’s history, and I look forward to seeing EFI thrive as it continues to collaborate with customers and partners worldwide,” said Bill Muir. “I have admired Jeff as an expert in the digital imaging space, and I am confident that with his vision and under his leadership, EFI will be able to successfully write the next chapter of innovation and market leadership across the company’s portfolio of solutions.”
Posted August 15, 2019
Source: Electronics For Imaging Inc. — EFI™
Global Textile Trading Company Whitehouse & Schapiro Announces Passing Of President And CEO Bill Schapiro
BALTIMORE, Md. — August 15, 2019 — Whitehouse & Schapiro, announced today that William “Bill” Schapiro, president and CEO of Whitehouse & Schapiro LLC passed away Tuesday evening, August 13, in Baltimore, Md. Schapiro is survived by his wife, Ivona Schapiro, his brother, Robert Schapiro, his sister, Janet London, as well as his nephew and niece, Brian and Rachel London.
As per the succession plan in place, Brian London, Schapiro’s nephew and the current executive vice president of Whitehouse & Schapiro, will be assuming the role of president and CEO. London joined the Company in 2014 and has spent the last five years being personally trained and mentored by Bill to assume this role.
No other changes in the business or with the Whitehouse & Schapiro team or its operations are planned. The company continues to look forward to moving into its new 164,000 square-foot-facility in the next two months — a process that Bill began and the current team will be honored to bring to fruition. In the coming months, the company plans to add to the senior management team to assist in its growth in the new facility.
Condolences can be sent to 8750 Larkin Road, Suite 101, Savage, MD 20763. Donations in Bill’s honor should be made to People Encouraging People (PEP). For more information please visit http://www.peponline.org/. Any questions or inquiries should be sent to info@webuyrags.com.
“As president and CEO, Billy modernized and expanded a distinguished, century-old business into nearly 50 countries over four continents while producing committed long-term partnerships and strategic world-wide relationships. We, as well as our industry, have suffered a very sad loss and will miss him greatly,” London said.
Whitehouse & Schapiro is a global textile trading company that’s been a thriving family operation for over 100 years. Involved in every facet of the secondhand textile industry, Whitehouse & Schapiro LLC has the unique breadth of experience to grow partnerships for mutual success. Our unparalleled expertise in secondhand clothing, textile remnants and wipers, combined with our ability to ride the economic waves of business cycles, make us an ideal partner for buying or selling, both domestically and abroad.
Posted August 15, 2019
Source: Whitehouse & Schapiro LLC
Further EvoQuench PA POY Systems Destined For Two Well-Known Yarn Manufacturers In China
REMSCHEID, Germany — August 15, 2019 — Oerlikon Barmag recently signed contracts for two orders with a total of 120 spinning positions for manufacturing polyamide (PA) partially-oriented yarn (POY) yarn with Chinese yarn manufacturers. What makes this so special is the fact that all positions will be equipped with the EvoQuench radial quenching system for polyamide.
With this, two well-known yarn manufacturers are now committing to the EvoQuench concept to produce polyamide yarn, equipping themselves for the efficient manufacture of microfiber yarns in the process. The benefits of radial quenching vis-à-vis conventional cross-flow quenching when manufacturing microfibers are well-known from polyester processing: manufacturing outstanding quality in a more production-reliable manner, i.e. with fewer yarn breaks, is a convincing argument and makes producing polyamide microfibers considerably more efficient. “Used to create fabrics, the materials feel very pleasant to the touch,” commented Stephan Faulstich, head of development POY Process at Oerlikon Barmag, who has held the results of the currently sole operator of such a system in his hands. “I can imagine this will be used above all in the manufacture of sports apparel and underwear.”
Currently, Oerlikon Barmag is the world’s only supplier of an already operating radial quenching concept for polyamide. This was absolutely decisive for both customers — well-known polyamide yarn manufacturers from the Zhejiang and Fujian provinces. “We are anticipating a similar effect in the development of the polyamide market as we did in the case of polyester. The efficient production of high-end microfiber yarns has become possible with the introduction of radial quenching for polyester yarns; the products have quickly developed from niche into standard products,” assesses Regional Sales Director Detlef Heinze, talking about this quantum leap. The new systems are scheduled to begin manufacturing in early 2021. The high-end yarns are destined for global export.
Posted August 15, 2019
Source: Oerlikon — Oerlikon Segment Manmade Fibers
Infinited Fiber Receives Lead Investment From RGE — Textile Startup Receives Its Largest Single Investment From Global Resource-Based Manufacturer To Advance Innovative Fiber Solutions Technology
ESPOO, Finland — August 15, 2019 — Singapore-based RGE Pte Ltd. (RGE) joins a group of investors including H&M Group, Virala and Fortum to help Infinited Fiber Co. Oy (IFC) scale up its technology that turns textile waste and other pulp-based materials into new textile fibers. A strategic co-operation agreement was also signed between RGE and IFC to commercialize the startup’s technology.
Since early 2018, IFC has been operating a 50-ton per annum pilot plant in Espoo, Finland, that produces Infinited Fiber for testing purposes with global brand owners such as H&M, VF Corp. and their manufacturers. Recently, the company leased production facilities in Valkeakoski city, Southern Finland, for a new pre-commercial 500-ton per annum plant and customer training center that will start up in early 2020.
“This new investment amount, the largest single IFC has received to date, supplements the earlier partnerships with H&M Group, Virala and Fortum, we announced in April this year. We are delighted to have RGE on board as a strategic partner as we can apply what we learn from their global operations to accelerate our plan to bring our technology to large-scale manufacturing,” said Petri Alava, CEO of IFC. “This new financing will enable us to finalise the scaling of the technology and to extend our fiber production capacity to enable global leading brands to bring capsule collections to the markets in 2020,” he added.
“RGE is keen to support innovative next-generation solutions that can be applied at industrial scale. IFC’s technology is exciting as it brings together the use of recycled feedstock and clean solvent in a circular fashion to produce fibers. Our viscose business groups, Sateri and Asia Pacific Rayon, collectively produce about 1.4 million tons of viscose annually using raw materials from renewable plantations. As a leading viscose producer, we strive to continually seek solutions to improve the sustainability performance of our manufacturing practices and products,” said Tey Wei Lin, president of RGE.
IFC has raised 8 million euros of funds this year, including 1.96 million euros recently awarded by the European Innovation Council (EIC).
Posted August 15, 2019
Source: Infinited Fiber Company (IFC)
ATMYSPHERE: DOMOTEX To Showcase Solutions For Acoustic Flooring
HANNOVER, Germany — August 15, 2019 — ATMYSPHERE, the new DOMOTEX 2020 keynote theme, has all the answers: a quieter atmosphere, for example, can be planned into an interior design concept right from the start. A muted soundscape promotes well-being and increases concentration. Carpets, elastic floors with cork core or special underlays for parquet and laminate combined with upholstered furniture and special acoustic panels contribute significantly to the reduction of noise and reverberation.
With its “ATMYSPHERE” lead theme, DOMOTEX 2020 will put the focus on floor covering properties designed to increase the feel-good factor. This includes new product developments with enhanced acoustic properties that deliver a quieter, more relaxing room experience. The best of these will be on show from January 10-13, 2020, in Hannover, Germany.
Can the spaces in which we live and work improve our quality of life by adding to our sense of inner peace and wellbeing? Our interior spaces can be designed for greater tranquility, quite literally from the ground up. Reduced background noise enhances our sense of wellbeing and increases our concentration levels – a key factor in spaces like open-plan offices, restaurants and hotels. Used in combination with soft furnishings and special acoustic panels, rugs, fitted carpets, resilient cork-core floor coverings and special parquet and laminate underlays can significantly reduce noise transmission. The following product examples from innovative DOMOTEX exhibitors and other flooring pioneers illustrate the acoustic dimension of the health and wellness megatrend.
TAP Air Portugal’s new premium passenger lounge at Humberto Delgado Airport in Lisbon is an 800 square meter oasis of exclusive luxury and service that can accommodate up to 260 passengers at a time. The lounge’s rest areas use natural cork in their furniture, flooring and wall cladding. In order to enhance the acoustics, architect Miguel Arruda employed dark-brown cork composites in the wall cladding, supplied by DOMOTEX exhibitor Amorim. The same logic was behind the choice of Wicanders Hydrocork for the floor. Hydrocork is a vinyl product with a resilient cork core and a high-resolution oak decorative layer. It is highly durable and 100-percent waterproof. The cork core makes the product comfortable under foot and, according to the manufacturer, reduces impact sound by up to 53 percent. Arruda: “The aim of the design and the materials used was to provide greater passenger comfort.”
The Aldwych Theatre is a heritage building located in the heart of London’s West End theater district. First opened in 1905, it recently underwent a major refurbishment that restored the building to its former glory. All of the theater’s grand public areas — a total area of some 3,000 square meters (m2) (32,290 ft2) — were recarpeted by DOMOTEX exhibitor Oriental Weavers Hospitality, which selected a carpet design characteristic of the theater’s period styling and rich ornamentation. The sumptuous Axminster carpets were custom-woven for the project and are made of an 80/20 wool/nylon blend, which makes them highly durable. Created in collaboration with a team from the Nederlander group, who own the building, they are a key component of the theater’s unique atmosphere. They also reduce airborne and impact sound in the auditorium and adjacent corridors, thus ensuring a minimum of distraction for theatergoers.
DOMOTEX exhibitor Selit Dämmtechnik has developed SelitPRo Aquastop TwinFoam 2.2 mm, an innovative underlay that significantly reduces airborne and impact sound in parquet and laminate floors. Selit marketing director Lydia Bober explains that this superior sound performance has been achieved by “combining a flexible foam layer and a rigid foam layer in a single underlay.” Prior to the launch of this product, users were faced with a binary choice between highly rigid and highly resilient underlays. Selit’s underlay protects floors from damage due to prolonged high traffic and falling objects. According to the manufacturer, the product can also reduce impact noise by as much as 21 decibels.
Architect and interior designer Peter Ippolito is chairman of the DOMOTEX “Flooring Spaces” expert selection panel, an honor he has already held twice before. He and his design studio, Ippolito Fleitz, created a diverse range of workrooms complete with communication zones and timeout areas for an international business consulting firm in Frankfurt’s Taunusturm office complex. The project spanned two levels of the tower block and encompassed some 4,000 m2 of floor space. The floor is a broad expanse of solid parquet made up of polygonal shapes — a motif reflected in the wall styling. This solid surface is covered with rugs that have a deep-pile bouclé structure, ensuring excellent sound insulation. The rugs help to visually delineate the meeting areas and, in combination with acoustic fitted carpets and closable drapes, help reduce overall noise levels. There are also dedicated meeting nooks which are finished with fitted carpets and acoustic panels, creating a quiet atmosphere for meetings.
At DOMOTEX 2020, which runs from January 10-13 in Hannover, Germany, visitors will be able to witness and interact with up-to-the-minute floor coverings and installation systems that can be used to create ideal room acoustics. The show will feature innovative products creatively set and staged as part of innovative interior designs inspired by the lead theme: “ATMYSPHERE”.
Posted August 15, 2019
Source: DOMOTEX
Assets Of Castle Shirt’s Late-Model Screen Printing Operation Offered For Sale
KERNERSVILLE, N.C. — August 7, 2019 — Tiger Group will be conducting an online auction on August 20 of assets from a pristine, late-model screen printing operation owned by Castle Shirt Co., which is relocating from Kernersville. Assets on the block include M&R screen printing machines, flash cure units, Amscomatic folding machines and dryers, plant support, material handling equipment, office furniture and more.
“This is a fantastic opportunity to purchase well maintained screen printing machinery and equipment,” said John Coelho, senior director of Tiger Group’s Commercial & Industrial division. “Screen printers and others in the textile and apparel embellishment industry — along with any company seeking office furniture or material handling equipment — will be interested in this unique opportunity to purchase exceptionally clean equipment that is perfect for supporting existing operations or new startups. The many available M&R machines have had comprehensive scheduled and preventative maintenance, with all replacement parts purchased directly from M&R.”
Tiger Group has successfully conducted auctions in the secondary market for a wide range of companies in textile embellishment and related apparel sectors, including, most recently, QTI Promotions & Apparel, and Absolute. These followed previous auctions for companies like VF Embroidery, Avid Ink, and Basic Line Corp.
Bidding will commence August 13 at www.SoldTiger.com and will close in rapid succession, online auction style, August 20, at 10 a.m. (ET). All bidders are required to register prior to the sale at SoldTiger.com. Previews of the assets are available August 19, from 10:00 a.m. to 4:00 p.m. at Castle Shirt headquarters, located at 621 C Indeneer Dr. in Kernersville.
Key assets include screen printing machines and peripherals by M&R — some with as little as 670,000 and all with no more than 5.9 million impressions — and feature Stryker, Challenger III, Gauntlet II, Sportsmen and Alpha 8 models as new as 2016. Other M&R equipment includes an i-Image direct-to-screen system, and Cayenne flash cure units.
A master stretching table and frames by Newman Roller, along with aluminum screens, pallets, squeegees, heat transfer machines, a Richmond Exposure unit for DTS images, and more will also be up for bid. M&R Sprint and mini-Sprint screen printing dryers will also be available.
Plant support and material handling assets for sale include air compressors and dryers, pallet racking, fork lifts, label printers, worktables, and more. Office furniture will also be offered for sale.
Castle Shirt Company was started in 1999, with a reach that ran from California to Florida, and extended to the Caribbean, Paris, London, Hong Kong, and Singapore. The asset sale was prompted by the owner’s decision to relocate.
For further information, visit: www.soldtiger.com
Posted August 15, 2019
Source: Tiger Commercial & Industrial Division
July Retail Sales Show Strong Gains But Stock Market And Tariffs Could Lead To Caution In Consumer Spending
WASHINGTON — August 15, 2019 — Retail sales were up 0.9 percent in July seasonally adjusted from June and up 5.6 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.
“July’s strong results are consistent with a confident consumer,” NRF Chief Economist Jack Kleinhenz said. “Households are in good shape with spending and that should continue as long as the labor market remains healthy. But it’s important to remember that today’s data is looking backward at what was happening a month ago. The impact of volatile financial markets and increased trade tensions in recent weeks may put a wind of caution in consumer spending as we move forward in 2019.”
The release of July’s numbers comes two days after the Trump administration delayed new tariffs on some consumer goods until December 15 to avoid any impact on holiday spending, but many products will still be hit by tariffs taking effect September 1 as scheduled.
As of July, the three-month moving average was up 3.5 percent over the same period a year ago, compared with 3.7 percent in June. July’s results build on gains of 0.6 percent month-over-month and 2.2 percent year-over-year seen in June.
NRF’s numbers are based on data from the U.S. Census Bureau, which said today that overall July sales – including auto dealers, gas stations and restaurants – were up 0.7 percent seasonally adjusted from June and up 3.4 percent unadjusted year-over-year.
Specifics from key retail sectors during July include:
- Online and other non-store sales were up 19.3 percent year-over-year and up 2.8 percent month-over-month seasonally adjusted, likely boosted by Amazon’s Prime Day promotion.
- Health and personal care stores were up 6.1 percent year-over-year but down 0.2 percent month-over-month seasonally adjusted.
- Grocery and beverage stores were up 4 percent year-over-year and up 0.6 percent month-over-month seasonally adjusted.
- General merchandise stores were up 2.1 percent year-over-year and up 0.6 percent month-over-month seasonally adjusted.
- Furniture and home furnishings stores were up 2 percent year-over-year and up 0.3 percent month-over-month seasonally adjusted.
- Sporting goods stores were up 2 percent year-over-year but down 1.1 percent month-over-month seasonally adjusted.
- Building materials and garden supply stores were down 0.5 percent year-over-year but up 0.2 percent month-over-month seasonally adjusted.
- Clothing and clothing accessory stores were down 1.6 percent year-over-year but up 0.8 percent month-over-month seasonally adjusted.
- Electronics and appliance stores were down 2.3 percent year-over-year but up 0.9 percent month-over-month seasonally adjusted.
Posted August 15, 2019
Source: The National Retail Federation (NRF)
Registration Now Open For THREADX 2020: Conference Focusing On Higher-Level Issues For Apparel Businesses Enters Its Third Year
FAIRFAX, Va. — August 15, 2019 — The Specialty Graphic Imaging Association (SGIA) has opened registration for the third installment of its apparel conference, THREADX to be held February 23-25, 2020, in Scottsdale, Ariz. Designed by SGIA’s Apparel Decorators Committee, THREADX takes a higher-level look at the industry, equipping attendees with ideas and strategies to take their businesses to the next level.
“Want to get your business to seven or eight figures in revenue? THREADX is the best forum to network and learn from other printers who are already there,” said committee member Christopher Bernat, chief revenue officer/co-owner, Vapor Apparel, and SGIA board of directors second vice chairman. “Our attendees are serious about apparel, so the curriculum is more so 200-, 300-level courses, not intro level.”
According to Bernat, this year’s sessions will delve into the more challenging operational questions for apparel businesses. Among these will be the customer-focused opening and closing keynote presentations. Jay Baer, founder, Convince & Convert, will kick off THREADX discussing how to turn negative customer reviews into opportunities, while closer Scott Wozniak, CEO, Swoz Leadership will share tips and real-world examples on creating a customer base of raving fans.
Also among the several sessions are “A Virtuous Culture,” with Pete Lovelace, general manager, Booster Spirit Wear, and a panel discussion on subscription models featuring Justin Lawrence, owner & operator, Oklahoma Shirt Company, and Austin Crossley, founder and managing partner, Red Tuna Shirt Club.
Supplementing the education are special events for networking with peers, speakers and sponsors, including a welcome reception and “Beer & Brats” at the Brat Haus in Old Town Scottsdale. And, following his highly popular 2019 THREADX debut, Aaron Draplin, owner and founder, Draplin Design Company LLC, will return to host a limited-seating, pre-conference workshop on Sunday, February 23: “Things No One Talks About in Graphic Design.”
“THREADX 2020 will be several days of inspiring and thought-provoking networking in an intimate setting,” said Amy Baker, owner, Threadbare Print House, another Apparel Decorators Committee member. “The connections made with industry thought leaders is invaluable. The speakers are generous with their time and any print shop owner will leave with new tools to tackle the job.”
“Rarely do you get the chance to think at macro level and be surrounded by this much apparel printing knowledge while you’re in a deep dive,” added Bernat. “It’s like getting three things for the price of one — it’s got a true ROI, more valuable than any other apparel trade show.”
THREADX 2020 will be held at the Saguaro Hotel and is sponsored by Epson (Diamond), SanMar (Diamond), Bella + Canvas (Platinum), JERZEES (Platinum), BBC Industries Inc. (Supporting), Chromaline (Supporting) and SAATI (Supporting).
For more information or to register, visit threadxconference.com. Super-early bird registration rates are available through November 21.
Posted August 15, 2019
Source: Specialty Graphic Imaging Association (SGIA)
