When ServiceWrap,a major blow molder of consumer food service films and wraps,cooperates with Alumall,metal processors making food service foils and stainless steel tableware,to tap the hospitality market in Russia,the firms have formed a _________________________.

Question

Quizplus · Accepted Answer

ServiceWrap and Alumall are both in the food service industry, but they specialize in different products - plastic films and wraps for ServiceWrap, and metal foils and tableware for Alumall. By forming a vertical strategic alliance, they can offer a more complete range of products to the hospitality market in Russia, and potentially increase their competitiveness and market share.

When ServiceWrap,a Major Blow Molder of Consumer Food Service Films