观点反垄断

US regulators have vertical integration in their sights
美国监管者盯上纵向兼并

For years, enforcers focused mainly on horizontal deals, but now that is changing
布鲁克•马斯特斯:多年来,执法者一直主要聚焦于横向兼并,但现在情况已经改变。

Vertical integration is all the rage as companies scramble to compete in artificial intelligence and decarbonisation. They believe that exerting more sway over suppliers and sales channels will help them speed innovation and cope with geopolitical disruption. But is it better to buy the necessary supplies and smarts, develop them in-house or find some way to strike a partnership?

随着企业争先恐后地在人工智能和脱碳领域展开竞争,纵向兼并现在正流行。他们相信,对供应商和销售渠道施加更多影响,将帮助他们加速创新、应对地缘政治纷扰。但如果只是购买必要的供给和智能设备,在内部进行开发或找到某种方式达成伙伴关系,会不会更好?

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