Posted in Industrial Products and Chemicals, Total Reads: 1473
SWOT Analysis of RPM Inc with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis
RPM International Inc.
Industrial Products and Chemicals
A world leader in Specialty Coatings and Sealants
Combining the strength of Multi-Million Dollar company with the agility of smaller-operating units to serve the customers better than anyone else.
Industrial Segments; Consumer segment-maintenance, commercial and residential.
Plants, heavy machinery, home owners, construction and infrastructure developing companies.
RPM is a mosaic of superior products, technologies, services, company and people
1. RPM is one of the biggest brands in US with a $ 3.4 billion sale out of which 67% is from industrial segment worldwide and remaining 33% from consumers mainly in North America. 2. Company employs 9000 people worldwide working in 78 manufacturing facilities in 18 countries and its products are sold in approx. 150 countries. 3. RPM has wide array of brands so it has decentralized structure which makes it easier for top management to administer. 4. It provides products in all price brackets thus having a large customer base.
5. They have identified and meticulously operate on 5 Ps of sustainability-Products, Processes, People, Place and Prosperity.
6. They minimized the environmental footprint through 3 Rs (Reduce, Re-use and Recycle).
7. Company has been paying annual dividends to its investors y-o-y from past 38 years which shows its consistent performance and growth 8. Popular sub-brands include Zinsser, DAP, Varathane, Wolman, Watco, Rust-Oleum
1. They are not much into architectural and decorative segments which may have great potential for growth
2. Limited liquidity at disposal
3. Not much visibility in South-east Asia
1. Expansion to emerging economies like India and China 2. Eco-friendly products which have more potential demand 3. Decorative and Architectural paints category may provide an excellent growth opportunity
4. It should focus on R&D and innovation to come out with more innovative and durable products
1. Volatility in raw material prices 2. Global economy is sluggish especially US is still vulnerable to another recession 3. It faces tough competition from other American and international brands
4. Stringent Government rules and regulations regarding the quality of products and manufacturing facilities as Environment policies are being given more emphasis
5. Currency fluctuations in the countries in which the company operates
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