It might seem a little way off point talking about the price of oil when we talk about the sign industry and rising prices, but let’s just bear in mind here that most sign products are based upon oil.
Don’t believe me? The vinyls that are cut out and applied onto aluminium signs, those are polymers, which are made from monomer products from the oil industry, as are the other vinyls from wide format printing. The foam signboards we use for large site boards, those are made from another polymer. The inks we use in wide format printing, those are not natural, and the solvents they are dissolved in come from oil.
Some of the products we use to construct large signs, those are made out of polymers. The facing material, the release liner when we laminate, those are polymers. The list is neverending.
So the recent wars, the rising price of oil (to a high of $78.40), have all had a knock-on effect on the prices in the sign industry. Only recently in fact, GRS Signs has been made aware of coming price increases for some vinyl products. Sadly however, since oil prices have fallen recently (as of this writing, hovering around $60/barrel), that same effect does not apply, prices do not fall…
It all goes to show just how integrated our industry, indeed our entire society, is with oil. As we have written lately, we have made an effort to change our inks to be more environmentally friendly, but there are few alternatives when it comes to the bulk of the materials we use (such as the vinyls).
The one thing that there is no alternative too of course, is the price of petrol. That cannot be avoided, but some steps can be taken, such as doubling up fitting jobs that occur near each other, to cut down on the cost of fuel. That applies to any industry but will large vans and long distances it is important to us as a small business.
So, would customers pay more for biodegradable signs? What are your thoughts on this? Has your own industry suffered as the oil prices rise?
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