I don't think digitization is a total cure. .
it's not--I work in a history museum aligned with an archive, and they handle all the microfilm reformatting of gov't records, along newspapers and books in the "brittle books" programs etc. They also have a wing that handles archaeology & preservation (building) surveys for the federal records. The program is so strong on film right now, that they've rebuilt their darkroom, and have purchased new processors along with a special microfilm camera that is like a giant flatbed scanner, only it records to microfilm for output.
but what happens in the conservation end of dealing with the old negatives that have deteriorated? well--the nitrate is either stored in special vaults, but due to limitations here--it's mostly duplicated and then destroyed. Most archives still do that, since you need to be underground more or less, or in a very good vault to safely store the stuff. I believe both the GEH and NARA have had fires due to nitrate storage even with the past 15-20 yrs, within specially designed vaults. If you can get it down to freezing, and you can keep it there, it will last for a long time--longer than we'll be alive probably, but it needs to stay there. And that's the problem--not so much a problem for Wright Pat AFB or Iron Mountain, but it's a problem for smaller institutions and lower operating budgets.
the acetate films--well--it is possible to try to save them. what they do is strip the emulsion off the base, and then they float it back onto a new polyester base. Only this is a salvage technique. The best thing is to get them into decent temp & rh storage early on.
the "reformatting" (copying) is either done by printing & shooting copy negs, or by one or two step duplication onto film. Only now, it's getting into scanning & computer output onto film. Ultimately it probably will be all digital, at some point, or some sort of hybrid, because of simple economics with trying to pay for the overhead of an archive. It's just costly--and it grows every day as we generate more records, and collect more images etc. there just isn't enough money, or time to save everything.
my opinions only/not my employers.