Chinese
You may have heard the term “vertical integration” bandied about in meetings or in online articles. What is it? Why should you care?
Simply put, vertical integration is an arrangement of a company’s supply chain. It typically occurs when an organization acquires control of two, or more, stages in the production (or distribution) of a product.
We’re all familiar with the recent disruptions to supply chains in the midst of the COVID pandemic, and the resulting empty shelves! Vertical integration is a strategy to minimize this sort of uncertainty.
Through its recent acquisitions, Larsen has positioned itself to oversee every stage of the production cycle, from prototype to final product. Imagine no more waiting for third parties, coordinating conflicting schedules, or compounded inefficiencies. With the ability to consolidate its processes, Larsen offers complete control of a project, all with one point of contact.
What does this mean for the client? In a word, VALUE. With increased efficiencies, reduced delivery delays, and a single source for all stages of production, Larsen offers customers reduced costs, fewer hassles, exceptional quality, and unrivalled customer service!
