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Supplement Industry First-Mover Advantage is a Mirage
The first significant business to serve an uncontested market has an advantage over competitors coming into the space at a later stage, right? If you’ve read the famous business book Blue Ocean Strategy, it essentially focuses on the first-mover advantage and how it allows you to build brand ubiquity and loyalty before everyone else. While there are many strategy games (or consumer marketplaces) where the player who goes first has a greater likelihood of winning than their opponent…the supplement industry is no longer an example of one!