What's Happening?
Baker & Taylor, the world's largest library supplier, is set to close, resulting in the layoff of 67 employees in Bridgewater, New Jersey, and affecting local libraries. The closure follows the cancellation of an acquisition deal with ReaderLink, leaving
the company without a sustainable path forward. Libraries across New Jersey anticipate delays in obtaining new materials, as Baker & Taylor has been a key distributor for nearly two centuries. Libraries are working to mitigate the impact by partnering with other distributors to maintain access to new titles.
Why It's Important?
The shutdown of Baker & Taylor represents a significant shift in the library supply chain, potentially disrupting access to new books for libraries and their patrons. The layoffs will affect the livelihoods of employees and may have broader economic implications for the community. Libraries must adapt to this change by seeking alternative suppliers, which could lead to increased costs and logistical challenges. The situation highlights the vulnerability of library systems to changes in the publishing industry and underscores the need for diversified supply chains.
What's Next?
Libraries are actively seeking partnerships with other distributors to ensure continued access to new materials. As they navigate this transition, patrons may experience temporary delays in receiving new releases. The closure may prompt discussions within the library community about the sustainability and resilience of supply chains, potentially leading to new strategies for sourcing materials. The impact on employees may also lead to calls for support and retraining programs to assist those affected by the layoffs.
