Gower over Euclidean
Dummy-encoding an unordered category and running Euclidean distance quietly asserts that two industries are a fixed distance apart. Gower’s distance computes a per-attribute dissimilarity instead, so the encoding stops doing analytical work it was never meant to do.
Gower’s general coefficient of similarity is Gower (1971). Not a discovery here, just the reason it earned its place in the peer benchmarking work.