“Out with the old, in with the new;” no truer words
could best describe the ever-changing state of the market than this old adage.
It is no secret that the market changes according to recent developments
(either with the supply chain, with consumer behavior, and so on), and that
businesses need to keep up in order to meet evolving demands. In the same way,
regulators of these businesses also need to constantly review the industry standards they create so that
it also meets the changing needs of the market.