WESCO is a well-versed company that function across many industries. Because of the size of the company there are many strengths, weaknesses, opportunities, and threats.
The strengths of WESCO include their workers, mergers, and resources. They have a very successful track record of acquiring different companies and merging them. Because of this large number of acquisitions, it allows for a large supply chain. This helps WESCO overcome supply chain complications. Their workforce consists of highly trained individuals increasing their success as a company.
While WESCO has many strengths, but just like any company, it has its weaknesses too. The first is that they need to improve their product demand forecasting. They miss many opportunities compared to their competitors because of this. In addition to this, their financial planning could use improvement. Their asset ratios and liquid asset ratios suggest that they could be using their funds more efficiently.
WESCO has many opportunities as a company. There are many new markets that they can take advantage of based on new customer behaviors and markets. There are also openings in new markets based on government policies. WESCO can also take advantage of new environmental policies because they have the capability to use environmentally friendly technologies.
There are threats from competitors that are affecting WESCO. There has been growing strength of local distributors which is taking away WESCO’s consumers. The demand of their products tend to be seasonal which impacts their profitability. In addition to this, there are imitation products that are cheaper than the products from WESCO.
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