When he started selling in grocery stores, it was literally real sauce from his Italian restaurant with a bag of dry noodles and a pack of grated parm. It was real food and people loved it
And people who have had it when it was original continue to talk it up. The same thing happens in the tool industry. The cycles are actually much faster there because blue collar workers don't put up with no bleep. They make high quality reasonable priced tools, then over time, quality goes down, they sell because of their namesake, the disparity between production cost and sale price increases, and maybe costs went up regardless, still, the losses would be greater if they continued making that same high quality product. Dewalt is a great example of this, they made really good tools, they sold out to China and became trash, I think they're still made in China, but back to a higher quality level.
I assume this must happen in many industries. Food and pharma are once to watch out for though. Your very life is at stake.
I was reading about Chef Boyardee
When he started selling in grocery stores, it was literally real sauce from his Italian restaurant with a bag of dry noodles and a pack of grated parm. It was real food and people loved it
Then decades later it's awful fake food
Here she is before the fillers:
https://twitter.com/Thats_So_Shana/status/510183713213517824/photo/1
And people who have had it when it was original continue to talk it up. The same thing happens in the tool industry. The cycles are actually much faster there because blue collar workers don't put up with no bleep. They make high quality reasonable priced tools, then over time, quality goes down, they sell because of their namesake, the disparity between production cost and sale price increases, and maybe costs went up regardless, still, the losses would be greater if they continued making that same high quality product. Dewalt is a great example of this, they made really good tools, they sold out to China and became trash, I think they're still made in China, but back to a higher quality level.
I assume this must happen in many industries. Food and pharma are once to watch out for though. Your very life is at stake.