Laggard Industry

Laggard Industry

An industry that may be growing but not as quickly as the economy at large. A laggard industry may be outdated or it may be simply out-of-favor.
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References in periodicals archive ?
McKinsey and many other adept organisations and industry experts have succinctly highlighted how inefficient we are as an industry compared to others; we are often termed the laggard industry (Reinventing Construction: A Route to Higher Productivity, McKinsey ).
Insurance, not an industry to embrace change, quickly became a laggard industry."