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SWOT Analysis
SWOT Analysis
Weaknesses:
New brand, lacking reputation in the market
Limited production and distribution capabilities due to small-scale
operations
The team lacks practical business experience
Limited budget
Opportunities:
More and more people are concerned about their health and choose
healthy products, creating significant opportunities for fruit tea.
Developing new products such as detox fruit tea, fruit tea combined with
herbs, or seasonal fruit tea to attract customers.
Increasing demand for tea beverages among the people of Ho Chi Minh
City.
Trends for innovative and creative food and beverage offerings are
gaining popularity.
Expanding to online sales channels and delivery services to reach more
customers.
Threats:
Intense competition from major tea beverage chains with strong presence
in Ho Chi Minh City.
Potential increase in costs for rent, labor, and raw materials.
Difficulty in differentiating the product and service offerings from
competitors.
Risks of low customer perception if product and service quality are not
well managed.
Solutions:
Focus on a specific customer segment and find unique points of
difference compared to competitors.
Provide higher quality and more innovative products and services to gain
a competitive advantage.
Develop a customer loyalty program and enhance customer experiences.
Closely manage and control input costs such as rent, labor, and raw
materials.
Conduct thorough market research to understand the target customers'
behavior and needs.
Develop a clear marketing and branding strategy to create a distinct
identity.
Continuously improve and innovate products and services to meet market
trends.