Will This Decade Bring CITES Signatories Their Kodak Moment?
Kodak was founded in 1888 and, during most of the 20th century, it held a dominant position in photographic film. Although Kodak developed the first handheld digital camera in 1975, fear of losing its dominance in the global market for its traditional camera, and film, business meant the product was dropped. By the mid-2000s, it had become very clear that Kodak failed to anticipate how consumers allegiance had shifted to a digital world. In 2012, the company filed for Chapter 11 bankruptcy protection. Has CITES now reached its Kodak Moment, where its lack of responsiveness to a changing world, compounded by a pandemic triggered by the inherent biosecurity risks of the legal trade in wildlife, mean it cannot [...]