Table 1 SWOT matrix of the HSCM... | Emerald Publishing

Table 1

SWOT matrix of the HSCM environment

Strength (S)	Weakness (W)
1. Strong government support 2. Low production cost and labor cost 3. Widespread usage of IT technologies 4. Strong interpersonal relationship 5. Reverse logistics approach	1. Procurement risk 2. Multiple manufacturing plants 3. Complex and unequipped distribution network (Storage, transport, stock keeping) 4. Long lead time 5. Quality issue 6. Certification and handling issues 7. Lack of expert workforce 8. Lack of training facilities 9. Delayed adoption of the GSCM model

Strength (S)	Weakness (W)
1. Strong government support 2. Low production cost and labor cost 3. Widespread usage of IT technologies 4. Strong interpersonal relationship 5. Reverse logistics approach	1. Procurement risk 2. Multiple manufacturing plants 3. Complex and unequipped distribution network (Storage, transport, stock keeping) 4. Long lead time 5. Quality issue 6. Certification and handling issues 7. Lack of expert workforce 8. Lack of training facilities 9. Delayed adoption of the GSCM model

Opportunities (O)	SO Strategies	WO Strategies
1. Population growth 2. The growing trend of lifestyle-related disease 3. Global trade potential 4. The emergence of new technology (IoT, blockchain and big data) in HCM 5. Purchase in alliance 6. Wide range of adaptive policies for sustainable inventory management 7. A rise in disposable income	1. Increasing attempts by Government for market acquisition. (S1; O1, O2, O3) 2. Cost optimization and profit maximization approach (S2, S3, S4; O4, O5, O6) 3. Best usage of reverse logistics technology to increase disposable income. (S5; O7) 4. Adoption of GSCM model (S1, S2, O3)	1. Usage of innovative IoT-based blockchain technology to establish a strong SCM network (W1, W2, W3, W4, W5, W8, W9; O4) 2. Adaptation and standardization of unified policies (W6; O6) 3. Online knowledge sharing and training program (W7, W8; O4)

Opportunities (O)	SO Strategies	WO Strategies
1. Population growth2. The growing trend of lifestyle-related disease3. Global trade potential4. The emergence of new technology (IoT, blockchain and big data) in HCM5. Purchase in alliance6. Wide range of adaptive policies for sustainable inventory management7. A rise in disposable income	1. Increasing attempts by Government for market acquisition. (S1; O1, O2, O3) 2. Cost optimization and profit maximization approach (S2, S3, S4; O4, O5, O6) 3. Best usage of reverse logistics technology to increase disposable income. (S5; O7) 4. Adoption of GSCM model (S1, S2, O3)	1. Usage of innovative IoT-based blockchain technology to establish a strong SCM network (W1, W2, W3, W4, W5, W8, W9; O4) 2. Adaptation and standardization of unified policies (W6; O6) 3. Online knowledge sharing and training program (W7, W8; O4)

Threats (T)	ST Strategies	WT Strategies
1. Varying regulatory requirements across export markets 2. Increased competition 3. Poor supplier service 4. Uncertainty in demand	1. Formulation of a single regulatory requirement in collaboration with govt. (S1, T1) 2. Encourage and promote homegrown producers (S1, S2, S3, S4; T3) 3. Product differentiation and cost leadership approach (S1, S2, S3,4, S5, T2, T4) 4. Short marketing authorization (S1, T2)	1. Construct standard SOP and follow state procurement policy (W1; T1) 2. Greater efficacy in tech transformation and cost reduction (W7, W8; T2, T3) 3. Faster line clearance and readiness to reduce asset use (W3, T4) 4. Improve quality and compliance with a standardized process. (W5, W6, W9, T1, T2) 5. Establishment of an integrated sustainable SCM (W1, W2, W3, W4, W5, T3, T4

Threats (T)	ST Strategies	WT Strategies
1. Varying regulatory requirements across export markets2. Increased competition3. Poor supplier service4. Uncertainty in demand	1. Formulation of a single regulatory requirement in collaboration with govt. (S1, T1) 2. Encourage and promote homegrown producers (S1, S2, S3, S4; T3) 3. Product differentiation and cost leadership approach (S1, S2, S3,4, S5, T2, T4) 4. Short marketing authorization (S1, T2)	1. Construct standard SOP and follow state procurement policy (W1; T1) 2. Greater efficacy in tech transformation and cost reduction (W7, W8; T2, T3) 3. Faster line clearance and readiness to reduce asset use (W3, T4) 4. Improve quality and compliance with a standardized process. (W5, W6, W9, T1, T2) 5. Establishment of an integrated sustainable SCM (W1, W2, W3, W4, W5, T3, T4

Source(s): Table by authors