Backward Integration: Unlocking Business Efficiency and Strategic Growth for C-Level Executives
Backward integration is a form of vertical integration where a company takes ownership of its supply chain by merging with or acquiring businesses that provide raw materials, intermediate goods, or pre-production services. By doing so, companies can eliminate dependency on third-party suppliers, optimise costs, and gain more control over production quality and timelines.
The backward integration might involve acquiring or developing services and technologies that are foundational to cybersecurity solutions.