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Consortium

shipping container at sea
Definition

A consortium in the supply chain refers to a cooperative arrangement or partnership between multiple companies or organizations with the goal of achieving a common objective. These entities pool their resources, expertise, and capabilities to collaborate on projects, share risks and costs, and enhance their competitive position in the market. In the context of the supply chain, a consortium may be formed to pursue joint ventures, research and development initiatives, infrastructure projects, or market expansion efforts.

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Consortium

Definition

A consortium in the supply chain refers to a cooperative arrangement or partnership between multiple companies or organizations with the goal of achieving a common objective. These entities pool their resources, expertise, and capabilities to collaborate on projects, share risks and costs, and enhance their competitive position in the market. In the context of the supply chain, a consortium may be formed to pursue joint ventures, research and development initiatives, infrastructure projects, or market expansion efforts.

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Oops! Something went wrong while submitting the form.

Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
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Shipping container at seaShipping container at sea