Last week a friend of mine was talking about his dire financial prospects, because he had lost some (virtual) money on his stock portfolio - which is not uncommon these days - but also because his whole family fortune and future inheritance was in a paper-producing company, and things don’t go really well in that sector. To quote him: “last year was one of our best ever, and still we didn’t make a profit”.
And it seems logic, of course, in times of digitalization, that this sector should suffer. Because traditional clients, like editors, that consume a lot of paper, like editors, would be looking to minimize these costs. After all, the added value of a newspaper or magazine is in the content, right?
But is this so logic? As Tyler Brul? of Monocle puts it: “you downgrade a consumer’s favourite product and you expect them to pay even more while you give them less?”. Read more