Strong buyer-supplier relationships boost marketing capabilities, revolutionizing business strategies.
The article shows that strong relationships between buyers and suppliers can help companies improve their marketing capabilities. By focusing on building strong connections with external suppliers, companies can enhance their ability to share information and adapt to changes in the market. This study, based on data from Chinese manufacturing buyers, found that these strong relationships can lead to better marketing capabilities within the buying firms. In essence, forming strong partnerships with suppliers can be crucial for companies to succeed in today's dynamic business environment.