Saturday, March 19, 2011

The gale of creative destruction has turned into a hurricane for these industries

Technology, when allowed to be deployed in competitive markets creates, transforms and destroys at an amazing rate.  As these industries to their chagrin are discovering:

From the Special Report "Dying Industries" from ISISWorld: 

"While the U.S. economy is headed further into recovery, not every industry is performing well. Industries go through life cycles, and largely speaking, these are growth, maturity and decline. Even in a recovery, declining industries continue to underperform, and within IBISWorld’s database of close to 700 industries, about 200 are in their decline phase. Of these 200, IBISWorld has identified10 industries that may be on the verge of extinction in the United States:


1. Wired Telecommunications Carriers 
2. Mills 
3. Newspaper Publishing  
4. Apparel Manufacturing 
5. DVD, Game & Video Rental  
6. Manufactured Home Dealers 
7. Video Postproduction Services 
8. Record Stores 
9. Photofinishing 
10. Formal Wear & Costume Rental 

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