In: Economics
S.W.O.T Analysis for UPS CANADA: UPS, stands for united parcel service, which is the world's biggest parcel service that was started in the year 1907. UPS is also a provider of global supply chain management solutions. The brand attends to 1.5 million customers and distributes to over 9 million customers. In 2017, the brand delivered 20 million parcels a day and a total of around 5.1 billion parcels. The brand's system is distributed into three business sections which are US domestic package, international package, and supply chain and freight. UPS profit in 2017, was touched 65.9 billion $. The company employs are 4,54,000 people. The brand has obtained the status of the best in its industry-based on continuously reliable delivery of services. It has preserved a high level of consumer money and that has benefited for UPS to grow faster.
OPPORTUNITIES: There are the Following opportunities we discuss :
1.) Diversification: Diversifying into current and relevant industry areas can also benefit businesses to grow faster. While the brand has developed its large portfolio of services, it can diversify into new areas for the fast development of business and revenue growth.
2.) Engage workers: Digital technology, AI, etc. provide new opportunities to attract employees. While the brand invests heavily in employees, it is important to involve them digitally.
3.) Digital market alternatives: Digital technology has provided excellent new opportunities for businesses around the world. Digital technology has created great opportunities for businesses in marketing, customer relations, supply chain, and many other fields. Up spend a lot on infrastructure. Information technology can be used for relationship management as well as promotions.
THREATS: There are following threats for UPS in the current situation:
1.) Competitive threat: Competition has grown from both small and big brands. DHL and FedEx UPS are the two major opponents. There are many other brands which are in competition and which are competing for those active in the market. High competition has resulted in more on the market and other items are being spent.
2.) Regulatory threats: The regulatory environment around the world has become very powerful. This has dominated more pressure on international businesses. UPS is running in more than 200 countries. Compliance costs are increasing as legal and regulatory pressures are increasing.
3.) Economic fluctuations in the international markets:- UPS operates in international markets, presenting it to economic pressures. Revenue and income pressures can be created by fluctuations in the currency and changes in economic conditions in different markets.