Competitor Collaboration

Competitor collaboration refers to situations where rival companies work together on certain projects or initiatives, rather than competing against each other. This can happen in industries where sharing resources, knowledge, or technology can lead to benefits for both parties, such as reducing costs or driving innovation. For instance, competitors might collaborate on research and development to create new standards, improve environmental practices, or develop new technologies. By joining forces, they can collectively tackle challenges that might be too difficult or costly to manage alone, ultimately benefiting their businesses and the industry as a whole.