Final answer:
Consolidation processes in manufacturing involve different steps of manufacturing joining together to protect against supplier loss and streamline the process. Examples include vertical mergers and bulk reducing industries.
Step-by-step explanation:
Consolidation processes in manufacturing involve different steps of manufacturing that join together to protect against the possible loss of suppliers and streamline the manufacturing process. Examples of consolidation processes include vertical mergers, which occur when companies that produce different steps of the manufacturing process join together, and bulk reducing industries, which manufacture products close to the source of raw materials because the finished products are lighter or cheaper to transport. These consolidation processes help businesses become more efficient and gain a competitive advantage.