Year after year, the demand for printed books has proven that, even in the digital era, books have not lost their value. However, the publishing industry faces the key challenge of reducing its environmental impact, which has the potential to negatively influence its future due to the many outdated processes that are still used across the industry. Publishers and their supply chains are therefore under scrutiny.
Books are generally printed in long runs, stored centrally, shipped across the globe and, if not sold, returned and then pulped. The result? High carbon emissions and a lot of wasted material. To illustrate the extent of this issue, recent research from RISE Bookselling, a project led by the European and International Booksellers Federations (EIBF), showed that a return rate of between 5% and 6% in The Netherlands, for example, equated to around two million books per year being pulped. And, in Spain, 60% of new books published don’t sell any copies and the average return rate is 30 - 35%.
For publishing to prove its future as a sustainable industry, change is essential and we need to re-evaluate book production processes and distribution methods across the entire supply chain. Collaboration across the supply chain is a key factor for success too.
Canon is dedicated to driving positive change in the publishing industry. Through our annual Future Book Forum event platform, for example, our key objective is to facilitate industry collaboration to drive a successful future for publishing. We bring together leading publishers, book printers, solution providers and other key stakeholders in the publishing industry to discuss key challenges and explore ways to become more agile, connected, and responsive to rapidly changing markets and evolving audience needs.
For the past ten years since we launched the event, we’ve responded to changing customer needs in the wake of the introduction of e-books and the ‘smartbook’ and the emergence of niche communities that form - based on interests such as cooking or cycling, for example. We’ve witnessed the migration of retail from physical stores to online and debated how we can bridge the gap between physical and digital. We’ve explored how to innovate in crises such as the COVID-19 pandemic. And, alongside this, we’ve worked together on how, as an industry, we can improve our sustainability impact.
Importantly, we have seen that businesses across the entire publishing supply chain are committed to making positive changes and are expressing their interest and dedication to improving their own practices. And, while we know such changes will not happen overnight, the positive intent, growing collaboration and forward momentum indicate that we’re heading in the right direction.