The oil industry has become much more concentrated and vertically integrated, providing the oil majors with significant market power in the retail market and putting greater pressure on non integrated incumbents to become integrated.

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A further issue of concern relates to the already vertically integrated structure of Netcare, which would be further strengthened by the proposed merger.

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And the thing about John D. is that he went into this chaotic wild east of oil industry, and he rationalized it into a vertically integrated company, a multinational.

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Typically, vertically integrated studios of so called majors offer services relating to the financing and development of scripts, seek funding from other financial partners, and also act as international sales agents.

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A further indicator of the trade structure will be a listing of enterprises involved in the export of each commodity or product, showing to what extent large enterprises have vertically integrated their activities.