Truck driver shortages, widespread port congestion, and skyrocketing container costs are among the biggest challenges facing the book industry supply chain for the rest of the year and into 2022, panelists on a July 6 BISG webinar looking at freight and shipping issues agreed. Book International’s v-p of global business development David Hetherington said that, in all his time in the book business, he has never seen such pressure building in the supply chain as is happening now. He predicted that things could get worse as more buying shifts online and more packages need to go directly to consumers’ homes. Hetherington, along with Ryan Forbes of Readerlink and Susie Scally of the international logistics firm Meadows Wye, also agreed that now is not the time for publishers to negotiate with trucking companies or the major delivery services. The lack of freight capacity is a real issue, Forbes said, and companies don’t need to yield on price.
Trade (Consumer Book) Revenues fall 6.4% in March, but up 2.0% Year-to-Date
The Association of American Publishers (AAP) today released its StatShot report for March 2022 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. The report does not include Pre-K revenue due to delays in data collection, but will be updated as soon as that data becomes available.
Total revenues across all categories, excluding PreK-12, for March 2022 were down 4.2% as compared to March 2021, coming in at $804.4 million. Year-to-date revenues were up 1.1%, at $3.0 billion for the first three months of the year.
Trade (Consumer Books) Revenues
Trade (Consumer Books) sales were down 6.4% in March, coming in at $702.5 million.
In terms of physical paper format revenues during the month of March, in the Trade (Consumer Books) category, Hardback revenues were down 19.0%, coming in at $238.1 million; Paperbacks were up 8.6%, with $266.0 million in revenue; Mass Market was down 30.7% to $14.3 million; and Special Bindings were down 17.6%, with $12.7 million in revenue. Paper formats still account for 75.6% of all trade sales.
eBook revenues were down 12.2% for the month as compared to March 2021 for a total of $76.9 million. The Downloaded Audio format was up 8.4% for March, coming in at $63.5 million in revenue. Physical Audio was down 20.1% coming in at $1.3 million.
much more at: https://publishers.org/news/aap-march-2022-statshot-report-publishing-industry-up-1-1-year-to-date-but-down-4-2-for-march%ef%bf%bc/