I work for a global company that the cheapest unit off the line runs a little over $145K, and the most expensive is just shy of a half million. We only hold about 9% of the North American market. I've seen 60 to 80 units per shift leave the inspection deck, three shifts. Every single thing you depend on for daily life depends on the type of product I build every day.
In recent company history a decision was made to completely change the product line, build a new plant next door to produce a major component, and phase out the old legacy product line. My department which is being replaced by the new plant is currently down to a single shift struggling to work a full 8 hours per day building units that customers are begging us to continue building. We built five today and went home before lunch.
The new product recieved a rather cold welcome on all levels attached to it's consumption. Too expensive, too heavy, too much technological "improvements", replacement parts too hard to get, all have been the main complaints. There's just enough demand for the old units though from long time customers to keep a puny few of us busy for a little while longer.
The company cited environmental regulations, production costs, and a shift to renewable energy at some point in the future, for the product change.
The old product is predicted to finally wrap up next March or April and my department will be shut down permanently. Despite a niche market still wanting the old product, customers will buy the new ones or they will buy elsewhere. Things change and all good things come to an end eventually.
Johnson's Paste Wax came on the market in 1888 and lasted until 2021. That's a pretty good run considering all the cultural and market shifts it endured. It was invented by Samuel C. Johnson after running a parquet flooring business for two years prior and needing something to better protect his flooring product.
When synthetic flooring came on the market drastically reducing the use of wood flooring and eliminating the need for a wax product to protect it, Johnson's Paste Wax was living on borrowed time with or without governmental interference with VOC regs.
There's simply not enough bullet casters and cabinet makers in the world to keep it afloat.
The bottom line is ALWAYS the bottom line. Adapt and overcome is all we can do. I can live just fine without Johnson's or paying $200 for it, I just wish they'd bring back the 70s and 80s Pizza Hut, juke box and all.