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Office Stationery and Supplies B2B Market to Grow by USD 20.5 Billion by 2028, Driven by Business Expansion and AI-Powered Market Evolution- Technavio

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global office stationery and supplies b2b market size is estimated to grow by USD 20.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 1.96% during the forecast period. Increasing business expansion in office stationery and supplies products is driving market growth, with a trend towards increasing demand for recyclable stationery products. However, increasing use of digital platforms in offices poses a challenge. Key market players include 3M Co., ACCO Brands Corp., Alibaba Group Holding Ltd., Amazon.com Inc., ANTARK INTERNATIONAL PVT LTD, Best Buy Co. Inc., Costco Wholesale Corp., Exacompta Clairefontaine SA, Farook International Stationery, Jarir Marketing Co., Lyreco SAS, Middle East Stationery and Trading Co., PBS Holding AG, SOCIETE BIC, Sycamore Partners, Target Corp., The Hamelin Group Holdham, The ODP Corp., Walmart Inc., and WH Smith PLC.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Office Stationery And Supplies B2B Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 1.96%

Market growth 2024-2028

USD 20.5 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

1.49

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key countries

US, China, Germany, UK, and Canada

Key companies profiled

3M Co., ACCO Brands Corp., Alibaba Group Holding Ltd., Amazon.com Inc., ANTARK INTERNATIONAL PVT LTD, Best Buy Co. Inc., Costco Wholesale Corp., Exacompta Clairefontaine SA, Farook International Stationery, Jarir Marketing Co., Lyreco SAS, Middle East Stationery and Trading Co., PBS Holding AG, SOCIETE BIC, Sycamore Partners, Target Corp., The Hamelin Group Holdham, The ODP Corp., Walmart Inc., and WH Smith PLC

Market Driver

The global office stationery and supplies B2B market is witnessing a significant trend towards the use of recyclable stationery products. This shift is in response to growing environmental concerns and increasing awareness among corporates about the adverse effects of non-recyclable materials on the environment. Vendors in the market, such as Staples, ODP Corp. (Office Depot), and Amazon.com, are meeting this demand by manufacturing and offering a wide range of recycled stationery products. These include recycled paper products like office papers, letterhead papers, cotton and linen business papers, paper pads, sketch pads, and notebooks, as well as recycled plastic products like cardboard boxes, paper rolls, recycled stainless steel scissors, and paper bags. Companies like Staples offer free recycling services for unwanted stationery and electronics products. ODP Corp. Has an exclusive category for eco-friendly and recycled stationery, while Amazon.com offers a variety of recycled stationery items. This increasing demand for recyclable stationery products is driving the growth of the global office stationery and supplies B2B market. 

The Office Supplies industry encompasses Paper Products, Writing Instruments, Office Furniture, and various Desk Supplies like Notebooks, Copy Paper, Printer Paper, Envelopes, Notepads, Pens, Pencils, Markers, Staplers, Scissors, Rulers, Tape Dispensers, Desk Organizers, Stamps, Labels, Packaging Materials, Bubble Wrap, and Mailing Tubes. E-commerce platforms and Digital Procurement Systems have significantly impacted the B2B market, allowing businesses to buy these supplies online with ease. However, challenges like offline vs online, trade barriers, tariffs, non-tariff barriers, geopolitical tensions, and trade disputes can affect the industry. Supplies for Computers/Printers, Filing, Binding, Time Tracking, Hanging, Identification, and various other categories are also essential. Despite these challenges, the market continues to grow, with trends like sustainability and innovation shaping the future. 

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 Market Challenges

The office stationery and supplies B2B market faces a significant challenge due to the increasing digitization of work environments. Traditional office supplies, such as paper and fax materials, have seen decreased demand as a result of advances in technology. Digital gadgets, like computers, laptops, and smartphones, have become more convenient, faster, and efficient for storing, editing, and transferring files and data. Office communication primarily occurs through these devices, reducing the need for traditional office stationery. Cloud services enable employees to store and share documents virtually, diminishing the demand for physical files and folders. Digital tools like Microsoft Office, which includes Outlook, OneDrive, Word, Excel, PowerPoint, OneNote, SharePoint, Microsoft Teams, and Yammer, have become indispensable. These software solutions facilitate drafting and sharing information, hosting meetings, connecting and chatting with colleagues, managing calendars, and securely sharing documents and sending emails. They also allow for syncing office files and mobile devices and planning schedules and tasks with teams. As a result, offices and businesses can perform office activities at a lower cost using digital gadgets, making traditional office stationery less necessary. This trend is expected to continue, posing a challenge to the global office stationery and supplies B2B market during the forecast period.In the B2B market for office stationery and supplies, challenges abound. Scissors, rulers, tape dispensers, desk organizers, stamps, labels, packaging materials, bubble wraps, mailing tubes, and more are essential desk supplies and mailing supplies. However, sourcing these items globally presents hurdles. B2B marketplaces offer convenience, but trade barriers such as tariffs and non-tariff barriers pose challenges. Geopolitical tensions and trade disputes can lead to retaliatory measures and trade sanctions. Offline and online sales face different obstacles. Stationery/mailing supplies, computer/printer supplies, filing supplies, binding supplies, time tracking supplies, and identification supplies are all critical categories. Down feather comforters, apparel, and customized office stationery are sometimes included. Recyclable stationery products are a growing trend. Navigating these challenges requires strategic sourcing, understanding of market dynamics, and staying informed about trade policies. Online sales present opportunities, but offline channels remain significant. Adapting to changing consumer preferences and market trends is key.

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Segment Overview 

This office stationery and supplies b2b market report extensively covers market segmentation by

Distribution Channel1.1 Offline1.2 OnlineType 2.1 Paper products2.2 Desk supplies2.3 Computer and printer supplies2.4 Stationery and mailing supplies2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline- Office stationery and supplies are essential elements for businesses to operate efficiently. These items include paper, pens, pencils, folders, binders, and other necessary items. The B2B market for office stationery and supplies is significant, with businesses purchasing in bulk to maintain a well-stocked inventory. Suppliers offer various options, including custom branding and volume discounts, to cater to the unique needs of businesses. Effective communication and reliable delivery are crucial in this market to ensure customer satisfaction.

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Research Analysis

The Office Supplies industry encompasses a wide range of products essential for running an office efficiently. Key product categories include Paper Products such as Notebooks, Copy paper, Printer paper, and specialized papers. Writing Instruments like pens, pencils, and markers are another significant segment. Office Furniture like desks, chairs, and filing cabinets complete the physical office setup. E-commerce platforms and Digital Procurement Systems have revolutionized the way businesses buy Office Supplies. These platforms offer convenience, competitive pricing, and a vast selection of products. Customized office stationery adds a personal touch to branding efforts. Down to the basics, Office Supplies include essentials like paper clips, staples, and envelopes. Desk Supplies like paper cutters, paper shredders, and desk organizers help maintain an orderly workspace. In today’s market, both Offline and Online sales coexist. While Offline sales through retail stores and distributors continue, Online sales have gained significant traction due to their convenience and accessibility. Writing instruments come in various types, including Ballpoint Pens, Gel Pens, Felt Tip Pens, and Markers. Notable sub-categories are Feather Pens and Comforters, which offer unique writing experiences. Apparel, while not traditionally considered office supplies, can be included in corporate branding efforts through customized uniforms or promotional items.

Market Research Overview

The Office Supplies industry encompasses a wide range of products essential for business operations. Key product categories include Paper Products such as Notebooks, Copy Paper, Printer Paper, Envelopes, and Notepads. Writing Instruments like Pens, Pencils, Markers, and Stylus are also in high demand. Office Furniture and Desk Supplies like Desk Organizers, Staplers, Scissors, Rulers, and Tape Dispensers are necessary for creating an efficient workspace. E-commerce platforms and Digital Procurement Systems have revolutionized the B2B market, making it easier for businesses to purchase Office Stationery and Mailing Supplies online. Products like Labels, Packaging Materials, Bubble Wrap, and Mailing Tubes are increasingly being ordered digitally. B2B marketplaces offer a vast selection of Office Supplies, including Desk Supplies, Stationery/Mailing Supplies, Computer/Printer Supplies, Filing Supplies, Binding Supplies, Time Tracking Supplies, and Supplies for Hanging and Identification. Offline sales still play a significant role, but Online sales are growing rapidly due to their convenience and accessibility. Trade barriers, Tariffs, Non-tariff barriers, Geopolitical tensions, and Trade disputes can impact the industry, leading to Retaliatory Measures and Trade Sanctions. Customized office stationery and Recyclable stationery products are gaining popularity due to their environmental benefits.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineTypePaper ProductsDesk SuppliesComputer And Printer SuppliesStationery And Mailing SuppliesOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Consumer Watchdog Saves Policyholders More Than $53 million with 21st Century, USAA, and Liberty Insurance Rate Hike Challenges

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LOS ANGELES, Nov. 5, 2024 /PRNewswire/ — Consumer Watchdog recently reached settlement in three challenges to double-digit rate hikes requested by 21st Century Insurance Company for its auto policies, United Services Automobile Association (“USAA”) for its homeowners, renters and condo policies, and Liberty Insurance Corporation for its homeowners policies. Consumer Watchdog’s advocacy resulted in a total savings of more than $53 million for California policyholders. The three companies’ newly-approved rates will take effect for all new and renewal policies between November 18, 2024 and February 12, 2025, and will impact over 671,000 policyholders combined. 

According to Consumer Watchdog’s analysis of the rate filings, the companies were overstating projected losses, causing their proposed rates to be excessive by millions of dollars. “Given the current state of the California insurance market, with insurer-created shortages and massive rate increases, it’s important that applications are closely scrutinized,” said Consumer Watchdog Staff Attorney Benjamin Powell. “Consumers’ seat at the table to challenge excessive rates is critical, especially when insurance companies are requesting multiple major rate hikes in the same year.”

In each case, Consumer Watchdog successfully advocated for lower overall rate increases under Prop 103 and prior approval rate regulations, which require insurers to justify all rate changes prior to implementation. 

Company/Line of Insurance

% Overall Rate Increase Requested

% Overall Rate Increase Approved

$ Savings 

Date Approved

Effective Date

21st Century/Auto

18.4 %

15.9 %

11.56 mill

10/2/24

11/18/24

USAA/Homeowners, Renters, Condo Owners

20.2 %

16.8 %

10.37 mill

10/4/24

2/12/25

Liberty Insurance Corp. /Homeowners

29.1 %

16.5 %

31.08 mill

10/2/24

12/10/24

 

In the 21st Century proceeding, the company initially sought a rate increase of 18.4% to its automobile insurance policies. This request followed a prior $29 million dollar rate increase effective January 2024. Consumer Watchdog challenged the rate hike as excessive under Prop 103 and the Department’s ratemaking regulations, specifically challenging 21st Century’s projected losses as being inflated for giving too much weight to recent losses. Additionally, Consumer Watchdog alleged that 21st Century’s method for projecting Bodily Injury and Uninsured Motorist claims would have resulted in excessive rates. Finally, Consumer Watchdog argued that 21st Century was trying to charge consumers for institutional advertising (ads designed to improve the company’s image rather than aimed at selling specific insurance products), in violation of state rules. (Read Petition)  

Consumer Watchdog requested that 21st Century provide further information to substantiate its application, and successfully advocated for a lower rate increase of 15.9%, representing a savings to California policyholders of more than $11.5 million. (Read Stipulation

In the USAA proceeding, the company sought an overall rate increase of 20.2% for its homeowners, condo and renters policies combined, which would have cost California policyholders an overall $53 million. Consumer Watchdog challenged the rate hike as excessive, calling out United Services’ projected losses as being overinflated. Consumer Watchdog also alleged that USAA was in violation of the rules by failing to provide required information to the Department to substantiate its loss projections. Finally, Consumer Watchdog argued that USAA, like 21st Century, had failed to properly exclude expenses for institutional advertising. (Read Petition)  

Consumer Watchdog requested that USAA provide further information in order to substantiate its claims about losses and other information in its application. Consumer Watchdog ultimately achieved a lower rate increase of 16.8%, saving California policyholders a total of more than $10 million. (Read Stipulation)

In the Liberty proceeding, the company sought an overall rate increase of 29.1% for its homeowners insurance policies, at a total cost to California policyholders of over $67 million. Consumer Watchdog argued that the requested rate increase was excessive. As with the 21st Century and USAA filings, Consumer Watchdog argued that Liberty’s trend selections overstated the projected losses, leading to an inflated rate indication. Additionally, Consumer Watchdog challenged Liberty’s claim that only 1% of its advertising expenses were “institutional” in nature. (Read Petition)

Consumer Watchdog sought additional information from Liberty that would support its trend selections and institutional advertising percentage. Through this information exchange Consumer Watchdog convinced the Department that Liberty’s institutional advertising percentage should be 100%, not 1%. 

“Consumers are inundated with ads from insurance groups, with nearly 10% of all television advertising expenses coming from insurers,”[1] said Consumer Watchdog staff attorney Ryan Mellino. “Prop 103 protects consumers from paying for general advertising. If insurers are going to expend billions of dollars in collected premiums on ads, that expenditure must be properly reflected in their rate filings.” 

Consumer Watchdog ultimately agreed that a 16.5% rate increase, reflecting just over half of the 29.1% increase Liberty initially sought, was reasonable, saving policyholders over $31 million. (Read Stipulation)

California’s voter-approved insurance reform law, Proposition 103, requires that insurers open their books and prove they need to raise rates in a process subject to full transparency, in which consumer representatives have the right to review and challenge improper rates and practices. According to the Consumer Federation of America, Prop 103 has saved California motorists over $154 billion since 1989. Consumer Watchdog has saved California consumers over $6 billion over the last 22 years by challenging excessive and unfair auto, home, business, and medical malpractice rates.

For more information about Proposition 103 visit: https://consumerwatchdog.org/prop-103/

[1] Doug Bailey, Insurance industry ads continue to be among top watched, InsuranceNewsNet, Aug. 22, 2022, https://insurancenewsnet.com/innarticle/insurance-industry-ads-continue-to-be-among-top-watched.

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SOURCE Consumer Watchdog

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Therap Services Enhances Healthcare Efficiency with Secure Document Signing Module for Streamlined Digital Signatures

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TORRINGTON, Conn., Nov. 5, 2024 /PRNewswire/ — Therap Services, the national leader in providing HIPAA-compliant electronic documentation solutions to organizations and caregivers in the LTSS, HCBS, and broader human services settings is excited to introduce the Secure Document Signing Module (SDS) for streamlined digital signatures. This innovative module is set to transform how agencies manage document signing, offering enhanced security and operational efficiency.

The Secure Document Signing (SDS) Module from Therap Services provides a streamlined approach for users to upload PDF documents, assign appropriate Therap users to apply their signatures or initials, and then make these documents available for signing. Once published, these documents appear in the designated signers’ “To Do” tabs, simplifying the process of adding signatures. The module also offers the capability to download signed documents and re-upload them to Therap platform to confirm their authenticity, ensuring they have not been altered after signing.

The SDS module is versatile, supporting various document types such as Agency, Individual, Case Notes, and Individual Plan, making it a comprehensive solution for the healthcare sector’s diverse documentation needs. It allows agency-wide administrators and those in specific administrative roles to create SDS documents for organizational use, while providers with specific caseload roles can generate documents for individual cases. This integration with existing Case Note and Individual Plan workflows introduces a “Secure Document Signing” section for users with designated roles, streamlining the documentation process further.

The process of using the SDS feature is user-friendly; agencies or individuals simply upload the needed PDF to the Therap system. The interface is intuitive, facilitating the easy marking of areas on the document where signatures or initials are required. Once the document is ready and published, signees can apply their signatures as outlined. The system also provides functionalities to search, sign, update, and discontinue SDS documents, enhancing the efficiency of document management.

With the introduction of the SDS module, Therap continues to lead in the enhancement of digital solutions within healthcare. This module not only simplifies the document signing process but also enhances security and usability, fostering a more effective digital workflow for healthcare professionals.

For more information, visit https://www.therapservices.net/products/comprehensive-esolution-for-person-centered-services/

About Therap

Therap’s comprehensive and HIPAA-compliant software is used in human services settings for documentation, communication, reporting, EVV and billing.

Learn more at www.therapservices.net.

Related Links

http://www.therapservices.net

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SOURCE Therap Services

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Mutually Human Expands Expertise Through Strategic Merger with SpinDance, a Leading Software Innovator

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Mutually Human, a leading digital engineering firm specializing in artificial intelligence, data, and software development, is excited to announce its merger with SpinDance, a full-stack IoT solutions provider and software development company known for its deep expertise in embedded systems, cloud platforms, and user interface design.

GRAND RAPIDS, Mich., Nov. 5, 2024 /PRNewswire-PRWeb/ — Mutually Human, a leading digital engineering firm specializing in artificial intelligence, data, and software development, is excited to announce its merger with SpinDance, a full-stack IoT solutions provider and software development company known for its deep expertise in embedded systems, cloud platforms, and user interfaces. The combined entity will operate under the Mutually Human brand, enhancing its service offerings and providing even greater value to clients.

Together, we’ll continue to help organizations innovate by addressing both their current and emerging needs, especially in the rapidly growing areas of IoT and embedded software.

SpinDance, which recently celebrated 24 years in business, brings deep capabilities in embedded and IoT software to the merger, expanding Mutually Human’s reach into these areas. With a shared focus on client relationships, personalized service, and deep technical capabilities, the combined company is positioned to offer comprehensive digital solutions, empowering clients to navigate today’s complex technology landscape.

“We are thrilled to join forces with SpinDance, a company whose values, culture, and expertise align so well with our own,” said Jason Kuipers, President of Mutually Human. “This merger not only strengthens our core capabilities but also enables us to deliver more holistic, future-proof solutions for our clients. Together, we’ll continue to help organizations innovate by addressing both their current and emerging needs, especially in the rapidly growing areas of IoT and embedded software.”

Both Mutually Human and SpinDance are deeply rooted in the technology community, each having built strong reputations for innovation, technical expertise, and client service. This merger solidifies their commitment to maintaining these values while expanding their ability to offer cutting-edge digital transformation solutions.

“We are proud to join Mutually Human in this new chapter,” said Kim Burmeister, CEO of SpinDance. “For over two decades, SpinDance has been helping businesses solve critical challenges through software development. By merging with Mutually Human, we can leverage our shared strengths to better serve our clients and continue driving innovation through meaningful digital solutions.”

This merger marks a milestone for both companies, bringing together two trusted names in software development and digital transformation to provide a wider range of services to clients both regionally and beyond.

Century Technology Group, Mutually Human’s parent company, offered key support and strategic direction during the merger. Dedicated to promoting growth and innovation, Century Technology Group plays an essential role in shaping Mutually Human’s strategic decisions and long-term success.

About Mutually Human

Mutually Human is a full-service digital engineering firm that addresses complex business challenges with a focus on People, Process, and Technology. By harnessing the power of Artificial Intelligence, Data, and Software, they help companies optimize operational efficiency, drive data-informed decisions, and elevate the customer experience. Mutually Human collaborates closely with clients to create and implement technology that’s intuitive, outcome-driven, and empowers organizations to achieve more with less. For more information about Mutually Human, visit www.mutuallyhuman.com.

About SpinDance

SpinDance designs and develops fully integrated, custom software systems that bring products to life with elegant, compelling user experiences. Their passion for crafting the highest quality solution, combined with their big-picture, human-centered systems approach, results in innovative products that just work. Their in-house team can help you take a product from ideation through planning and development to growth and scale – using embedded, cloud, web/mobile, and machine learning technology. Their highly skilled team is motivated, nimble, easy to work with, and above all, dedicated to your success. For more information about SpinDance, visit www.spindance.com.

About Century Technology Group

Century Technology Group is a family office based in Grand Rapids, MI. The firm partners with proven operating leaders to provide growth capital, administrative resources, and managerial consulting to promising technology-led businesses with strong core products, services, or capabilities. Their portfolio companies also include MindSpring, a global leader in digital content production, and Talent Strategy, a professional search and recruiting firm. For more information, please visit www.centurytechgroup.com.

Media Contact
Joel Ippel, Mutually Human, 1 6164754225, joel.ippel@mutuallyhuman.com, www.mutuallyhuman.com

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SOURCE Mutually Human

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