I think the observations you listed are the right ones. It is a competitive landscape. Yes, there will be companies that offer unique products and services, but there will always be a degree of substitutability for a large number of things. At the end of the day, if the buyer can't get what they're looking for on time and on budget, then they are going to look elsewhere for other options and there are other companies and countries that are happy to step into that void. We live in a free market, and that's the reality that companies face.
On May 4th, 2021. See this statement in context.