European Publishers Hear of a ‘Perfect Storm’ Ahead

From Publishing Perspectives:

Publishers in Europe may be facing a proverbial “perfect storm” of resurgent demand, bottlenecks in supply, rising paper costs, and the energy crisis.

At the Federation of European Publishers’ (FEP) overview of the European market before and during the still-ongoing coronavirus COVID-19 pandemic, Enrico Turrin, deputy director of the federation, warned “We don’t know what the full impact of this ‘perfect storm’ will be, but it is coming.”

His overview of the market contained good, bad, and good-again news. “The pandemic was good for book sales overall,” he said, “perhaps because people rediscovered reading.”

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Not surprisingly, sales in bookstores fell from 50 percent in 2019 to 43.6 percent in 2021 as so many stores were forced to close. He also noted that print sales overall in Europe hadn’t recovered to pre-pandemic levels.

Link to the rest at Publishing Perspectives