Why is Vendor Lock-In Prevalent in Nanotechnology?
Several factors contribute to the prevalence of vendor lock-in in the nanotechnology industry:
Proprietary Technologies: Many nanotechnology companies develop proprietary technologies that are not compatible with other vendors' systems. High Switching Costs: Transitioning to a new supplier often requires significant re-investment in new tools, training, and processes. Complex Supply Chains: The intricate nature of nanomanufacturing processes often results in long-term partnerships with specific suppliers.
