Third, over the last decade, there has been an increasing trend among the bigger trading companies toward vertical integration (backward and forward) by acquiring primary production facilities, logistics assets, such as tank storage and warehousing (Dobler & Kesselring, 2019 ), as well as processing and refining facilities (Fold, 2002 ; Ingram et al., 2018 ).
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Responsible Business Conduct in Commodity Trading-A Multidisciplinary Review.
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