IBISWorld Names 10 U.S. Industries Headed Toward Extinction

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In a special report for IBISWorld, Toon Van Beeck names ten industries that are in decline.  Economic recovery will not help these industries, according to Van Beeck.  IBISWorld has identified some 200 industries that are in decline, but these ten are "on the verge of extinction":

Van Beeck:

The DVD, Game and Video Rental and Newspaper Publishing industries may be obvious, but there are many others that some are unaware of. Furthermore, each and every one of these industries has been impacted by one of more of the three detrimental industry factors, including external competition, advances in technology and industry stagnation. It should also be noted that while these industries all have negative numbers, it does not mean that the players that operate within them are also on the brink of death. Industry operators that protect their strengths in certain market segments, focus on niche opportunities and capitalize on the dwindling number of competitors often reap the strongest rewards of sole operation, market survival and profitability. An example of this trend is Berkshire Hathaway, which holds a prominent position in one of the top dying industries: Mills.

Read the special report here.

(h/t Phil Izzo of the WSJ)


Posted 03-29-2011 8:54 AM by Graham Griffith
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