With every improvement in technology, products that were once a staple and a source of revenues, profits and stability may suddenly become obsolete. What that means for employers and employees alike is that you don’t want to blink because the world may just be passing you by. If you own and/or work in one of the following industries, you might want to think twice. Based on projections from the research firm IBISWorld, the following 10 industries are in danger of becoming extinct:
- Bowling alleys
- Game arcades
- Recorded music industry
- Laundry services
- Beer companies
- Tobacco farming
- Telephone companies
- Newspaper publishing
- Movie rentals
- Footwear production in the developed world
Source: Trends E-Magazine, July 2008
game arcades it’s clear they’ll become extinct…but bowling alleys I don’t really think so…at least not just because of the Wii generation. And movie rentals yeah, they’re so dead !
I wonder why the footwear industry will be extinct in some countries? I hope these industries would be able to survive or have other new ideas, services or products to offer to keep their business afloat.