Survey reveals that most business leaders think new kinds of business partnerships are driving innovation during the pandemic

  • Date: 27-Nov-2020
  • Source: Business Insider
  • Sector:Economy
  • Country:uae-top-picks
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Survey reveals that most business leaders think new kinds of business partnerships are driving innovation during the pandemic

A survey of Business Insider's 2020 Transformers found that partnerships are the third-most important driver of transformation that companies will be investing in 2021.

In a fast-changing world, companies must work more closely and with different kinds of partners than in the past.

The sense of urgency is breaking down psychological and physical barriers to partnerships.

Visit Business Insider's Transforming Business homepage for more stories.

For many companies, "we're all in this together" has become more than a motto during the pandemic. Partnerships have turned into a key mechanism for tapping into opportunities and overcoming obstacles.

Fetch Robotics has always relied on partnerships to build autonomous mobile robots that work in warehouses, factories, and distribution centers. Traditionally, the San Jose, CA-based company teamed with software integrators or large vendors if a customer wanted a whole warehouse built.

"When the pandemic hit, our door opened to more robot builders," said founder and chief executive Melonee Wise. Companies that made UV lightning and disinfectant products wanted to bolt their goods onto Fetch's autonomous robots.  

Fetch was already making robotic assistants for hospitals. Wise spent the first three months of the year vetting new partners, making sure they had sufficient "engineering chops." The result has been seven partnerships