obsolescence risk

What Causes Obsolescence Risk?

Several factors contribute to obsolescence risk:
Technological Advancements: Rapid advancements in technology can render existing products or services obsolete.
Market Dynamics: Changes in market conditions, such as new competitors or shifts in consumer behavior, can impact demand.
Regulatory Changes: New regulations or standards can make current offerings non-compliant or less attractive.
Innovation Cycles: Short innovation cycles in certain industries, like electronics or software, can quickly outdate products.

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