THE BIGGEST LOSERS

Disruption is a great thing for consumers and the founders of innovative businesses—but what about the industries thrown into turmoil by the arrival of these disruptive usurpers? We examine some of the biggest extinctions in recent history

FILM PHOTOGRAPHY Providing instant gratification and—by eliminating processing, significant cost savings—when digital cameras made their debut, it was shutters for the century-old film photography industry. Take the case of Kodak: In the 1990s, the company was doing around US$15 billion per annum in sales (much of that revenue derived from photo developing). Little more than a decade later, in 2012, the iconic film brand filed for bankruptcy. How’s that for a snap development? GUANO Popular as a fertiliser and also used to make matches and gunpowder, nitrogen-, phosphate- and potassium-rich guano—the more palatable name given to accumulated seabird and bat excrement—was the source of many a vast fortune in the 18th and 19th centuries. But when cheaper, easily sourced synthetic fertilisers were created by a German chemist in 1913, the…

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Tatler Hong Kong (Digital) - 1 Issue, December 2023

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