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6/1/12. Print Week reports today that the Wall Street Journal claims Kodak is preparing to seek Chapter 11 bankruptcy protection after a struggle to secure new funding. With many UK businesses already having shut their doors last year it this type of announcement does not exactly instil confidence in the business arena so soon in to 2012.
As a business operating in a sector that suffers from over capacity, losing the odd printer does not necessarily mean a bonanza for those of us who are lucky enough to still be here. Whilst order books are willingly and happily snapped up it remains a fact that the 'phoenix' company is the scourge of our industry. 'Now you see them now you don't' is actually 'Now you see them, now you see them operating under a new name'. On the face of it that probably sounds reasonable, until you realise that for each phoenix company is a whole series of suppliers are left out of pocket with a bad debt on their hands.
As for ALP, we will be concentrating on new markets via new technology to ensure we don't do a Kodak!
