From Publishers Weekly:
Citing industry shifts as well as disruptions in the publishing supply chain caused by the Covid-19 pandemic, Ingram Content Group said it is investing millions of dollars in an upgrade to its global printing and distribution network.
In the U.S., Ingram said it is investing “millions of dollars” to increase capacity in its print-on-demand manufacturing plants located in Allentown, Pa., Jackson, Tenn., and La Vergne, Tenn. New printing, binding, trimming, and shipping/sortation equipment will be installed now through October, which the company said will increase U.S. capacity “by double-digit percentages,” adding that it expects to “hire hundreds of new associates in these facilities.”
Link to the rest at Publishers Weekly
If this pans out, PG suspects the number of people in the business of acquiring, distributing, selling and reselling remaindered books is likely to decline steeply.
Publishers may be the last people on the planet to realize it’s bad business to consistently generate more inventory than you can profitably sell and that books sitting in warehouses are engendering real expenses in all sorts of ways.
Who knows where this will end? Perhaps with recruiting mathematicians instead of literature majors from the Little Ivies.