This Business News Story Was Uncovered By Us From: https://startupmindset.com/3-types-of-vertical-integration-to-understand-for-business-growth/
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Vertical integration is a strategy businesses can use to help them achieve their goals (others can be viewed here). It involves buying other companies to increase sales, reduce costs or improve efficiency. The main aim of vertical integration is to create a more efficient supply chain by eliminating middlemen who add no value (such as wholesalers) and consolidating operations so that fewer resources are required from each one (like outsourcing). There are three types of vertical integration: forward vertical integration, backwards vertical integration, and balanced vertical integration.
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