| Business Strategy & Fundamentals |
"Strategic Business Evolution":
A Clear Strategy Focused on Sustainable, Profitable Growth... |
Myers Industries' business strategy is focused on long-term growth disciplined through
five key operating principles. Central to defining the priorities behind the Company's
ongoing "Strategic Business Evolution" process, these five principles include: |
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Business Growth |
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Customer Satisfaction |
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Cost Control |
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Organizational Development, and |
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Positioning the Business for the Future. |
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Applying these operating
principles within our Strategic Business Evolution, we emphasize:
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Being the leading innovator of niche, high
margin products; |
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Being the low-cost producer of certain
commodity products where our brands excel; |
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Achieving leadership in key product areas
through breadth of offering, consistent quality, and superior customer service; |
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Concentrating our efforts on niche markets
where our capabilities create profit opportunities for our customers and ourselves; |
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Leveraging brand equity and capabilities to
grow business with existing customers and cultivate new ones, particularly in emerging
growth markets where we can deliver the greatest value and achieve the best returns; |
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Investing in new technologies and processes
to reinforce market strength in key business groups; |
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Succession plans through our management teams
at all levels of the Company, ensuring the right people are in the right positions to
grow; |
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Selective acquisitions as opportunities arise
to enhance our leadership in key markets; |
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Potential divestiture of businesses with
non-strategic products or markets, aligning our resources with the best avenues for
long-term, profitable growth potential; and |
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Consolidation and rationalization initiatives
to reduce costs and improve productivity within the Company’s manufacturing and
distribution footprint. |
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| The Company's segments and
brands are under continuous review for strategic fit and growth potential. This rigorous
review process is dedicated to strengthening innovation, enhancing leadership in our
markets, building strong customer relationships, and positioning the Company to grow on a
sustainable basis. |
Strong Fundamentals Supporting
Long-Term Growth... |
Myers Industries has a combination of strong fundamentals that support our business
strategy:
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Brand Strength &
Market Leadership |
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Diverse Product Offering |
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Broad Manufacturing Capabilities |
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Broad Distribution Capabilities |
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Multiple Growth
Platforms |
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Product Innovation |
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Superior Customer
Service |
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Consistent Quality |
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Complementary Acquisitions |
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International Reach |
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Long Term Approach to Business |
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Container & Pallet Systems
Hanging Baskets
Storage Cases for Consumers
Truck Tire Air Wrench
Distribution Pallets
Rubber Tire Patches
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