- Direct-to-garment development
- Kornit and Amazon strike a deal
The full version:
Here’s some industry news . . . Images Magazine is reporting that Kornit and Amazon have struck a HUGE deal whereby Amazon has undertaken to spend $400 million on Kornit’s digital technology and services over the next 5 years.
Amazon will be investing $250 million in existing Kornit products, including printers and inks. The remaining part of the $400 million deal, $150 million, is committed to future products.
What does this mean for the textile industry generally and DTG versus screen printing specifically, who knows? But it will certainly be worth keeping an eye on this development.