[pstuart]

It would be an interesting "game" to play 20/20 Hindsight with those companies -- knowing what we know now, how could they have successfully navigated into the new world.

Sears seems like it could have transitioned if it didn't have its head up its ass. The death of film means Kodak would have to constrict and double down on printing, and simultaneously expand their general chemistry efforts into new markets (which I believe they did but too little too late).