The good news is that kit currently available or at least the quality items are built to last a lifetime and with the move to digital there's going to be plenty if kit to pick up at basement prices.
The bad news of course is that we have to hope we have the consumables such as film, chemicals and papers. But that's already been discussed here at length and there are alternative suppliers to fill the void.
For once bad news isn't the end of the world.
My thoughts and best wishes of course do go out to any of the staff who may find themselves out of a job due to this discision.