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Well, if we're talking a few years down the road and the companies have not changed their workflows, strategies, and overhead... Nothing.
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Whenever people start talking airily about " changing workflows and strategies" without mentioning specifics, that's usually code for " I don't know anything about it , but there must be something they can do, because shut up that's why".
I have seen companies "rightsize" , "paradigm shift" and "change workflows" in the past , and I can predict what will happen: the axe will fall on the usual suspects. The Settlement 3 will lose income when Amazon discounts and will shed editors, proofreaders, cover artists , sales reps, and maybe a few executives. They'll grit their teeth, bend over for two years, then return to full on agency when their sentence is up.
The arguments in favor of agency remain the same, and I expect that the retail landscape will look the same as pre-agency in two years time: Amazon will be overwhelmingly dominant , and there will be a shrinking handful of retailers taking up the rest of the market.
That's how I see it, but then I'm a hard-nosed, cynical cuss with not much truck for " paradigm shifts", "new business models", and other such unicorns.