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This "disintermediation" has long been eating into banks' profits.
Competing drugs with less serious side effects have been eating into Zyprexa's market share.
Near double-digit inflation has been eating into people's real purchasing power and reduced firms' appetite to step up investment.
The two German-owned supermarkets have been eating into the profits and market-share of Sainsbury's rivals such as Tesco and Morrisons for years.
Aldi and Lidl have been eating into the profits of UK supermarkets Morrisons, Sainsbury's and Tesco as their market share grows.
But it now looks as though the outflows of income from all those foreign-owned sectors of "British" industry have been eating into the traditional surplus.
Similar(44)
Facebook is eating into Google's advertising revenue.
Rising food and gas bills are eating into profits.
Others will be eating into their rapidly diminishing reserves.
Meanwhile, competitors were eating into the Enquirer's circulation.
The cuts are eating into every service the council provides.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com