Sandvik SWOT Analysis, Competitors & USP

Sandvik

Tools and Tooling System ( Metal cutting, Mining and construction equipment)

Heavy Equipment & Engineering

High-Tech & Innovative for enhanced customer value

Enhancing Customer productivity, profitability and safety

Manufacturing companies

Aerospace, Automotive, Energy sector Mining , Oil and Gas

Products and solutions to help competitors increase their competitiveness

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Sandvik. Strengths are:

1. Has 47,000 employees globally and serves around in 130 countries 
2. Continuous investment in R&D has helped it in achieving the position of world leader in tools and tooling systems, products in advanced stainless steel and equipment and tools for mining 
3. It has around 8,000 of active patents 
4. Strong cash flow
5. Employs supply chain optimization to reduce cost

Here are the weaknesses in the Sandvik SWOT Analysis:

1. Less diversified portfolio
2. High lost time injury frequency rate 
3. Adaptation to technology 
4. High Supply chain cost and hence two units were closed

Following are the Opportunities in Sandvik SWOT Analysis:

1. Diversifying through mergers and acquisitions 
2. New market development`
3. Leveraging rapid technological advancements

The threats in the SWOT Analysis of Sandvik are as mentioned:

1. Low bargaining power as a supplier due to huge competition
2. Lack of skilled workforce 
3. High cost of capital and resources

Below are the top 3 Sandvik competitors:

1. General Electric
2. Siemens 
3. Illinois Tool Works