Why this matters
When you scatter new CSVParser() and new JSONParser() across your codebase, you bind the client tightly to concrete class names. Every time a new format arrives, you hunt down every if type == "csv" block. The Factory Method pattern defines an interface for creation but lets subclasses — or a factory function — decide which concrete class to instantiate. Adding a new type touches zero existing code.
The problem
Bad
The solution
Good
When to use it — and when not to
Use Factory Method when a class cannot anticipate the type of objects it needs to create, or when you want subclasses to control creation. Avoid it when you only ever have one concrete implementation — it adds indirection for no gain.
Key takeaway
Replace scattered if type == X: create X blocks with a single factory — adding new types then requires writing new code, never modifying old code.