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Porter’s model of competitive environment - Coggle Diagram
Porter’s model of competitive environment
New Entrants
Barrier to new entrants is low.
A methodical strategy is essential for individuals starting into the plastic production sector.
Substitutes and Complements
Substitutes
Biodegradable Alternatives (Bioplastics)
Metal, Glass, and Paper Packaging Materials
Reusable Containers
Complement
Packing Machinery Companies
Producers of Additives, Colourants, and Specialty Chemicals
Recycling Technologies and Processes
Suppliers
Emphasize the importance of strong supplier relationships, managing costs, and ensuring quality.
Customers
Segment customer groups, understand their diverse needs, and tailor offerings accordingly.
Such as packaging industry, retailers and more