1 rr donnelley & sons company the printing of future may 2005 2 industry highly fragmented offering a broad range products and services approximately 43 000 plants in us market is 161 billion top 400 companies produce 48 30 95 operate less than 10 rrd has 120 majority players largely compete only one business segment leaders include quebecor world quad graphics despite recent explosion internet ecommerce overall print projected to continue grow across all s with exception forms electronic outsourcing on demand kitting warehousing direct mail are higher growth segments complementary high margin variable imaged value added customized will become increasingly important modestly declining but continues strong cash flow represents small component revenue relative contribution decrease further post astron consolidation been trend broader product line geographic reach customer relationships economies scale efficiency source pia gatf
