标题: equity: industry analysis: "integrate backward" [打印本页] 作者: cyber21 时间: 2013-4-5 09:54 标题: equity: industry analysis: "integrate backward"
sometime in industry analysis, i see “lack attractive opportunies to integrate backwards”? what is “integrate backwards”? Thanks.作者: kasinkei 时间: 2013-4-5 09:56
It means moving backwards in the supply chain, like when a brewery buys the farm that supplys the hops/grain. Forward integration would be if the farmer bought out the brewery. So your buying backwards in your supply chain gaurantee your supply of raw materials
