Canada's paper products industry is in for several years of weakness, partly because consumers are increasingly abandoning paper-based books and switching to the virtual kind, according to a new report from the Conference Board of Canada.
"The transition of information and media from print to electronic
format has been going on for years, but until recently the effects were
most pronounced for directories and newspapers,” said report author
Michael Burt, the Conference Board's director of industrial economic
“With the current batch of e-readers and tablet computers, it appears
that a critical mass has now been reached and books are likely to
follow the same path as newspapers,” he said.
"In short, demand for paper used in book publishing in North America is under significant pressure," the report says.
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