Myers Industries

To help shape a better future by being a world-class leader in polymer solutions.

Myers Industries SWOT Analysis

Updated: October 6, 2025 • 2025-Q4 Analysis

How to Use This Analysis

This analysis for Myers Industries was created using Alignment.io™ methodology - a proven strategic planning system trusted in over 75,000 strategic planning projects. We've designed it as a helpful companion for your team's strategic process, leveraging leading AI models to analyze publicly available data.

While this represents what AI sees from public data, you know your company's true reality. That's why we recommend using Alignment.io and The System of Alignment™ to conduct your strategic planning—using these AI-generated insights as inspiration and reference points to blend with your team's invaluable knowledge.

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This Myers Industries SWOT Analysis reveals a company at a strategic inflection point. Its core strengths—diversified brands and a solid balance sheet—provide a stable platform for its 'One Myers' transformation. However, significant weaknesses in cyclical market exposure and ongoing integration challenges must be addressed. The primary opportunity lies in leveraging its operational improvement initiatives and pursuing strategic acquisitions to enter higher-growth, sustainable markets. The greatest threats are macroeconomic, particularly recessionary pressures and raw material volatility. The path forward requires relentless execution on the 'One Myers' vision to build a more resilient, integrated, and innovative enterprise capable of weathering economic cycles and capturing new market share. Success hinges on transforming from a holding company of brands into a unified, high-performing operational entity.

Greif Berry Global Newell Brands ORBIS Corporation IPL Plastics

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To help shape a better future by being a world-class leader in polymer solutions.

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Strengths

DIVERSIFICATION: Balanced portfolio across Material Handling/Consumer.
BRANDS: Strong, legacy brand equity in niche markets (Akro-Mils).
OPERATIONS: 'One Myers' strategy is driving initial efficiency gains.
FINANCIALS: Strong balance sheet with capacity for strategic moves.
LEADERSHIP: Experienced executive team with clear transformation plan.

Weaknesses

CYCLICALITY: High exposure to RV/marine markets hurts Consumer segment.
INTEGRATION: 'One Myers' cultural and system integration is ongoing.
MARGINS: Recent margin pressure from destocking and lower volumes.
INNOVATION: Pace of new product introductions could be accelerated.
SCALE: Lacks the scale of larger competitors like Berry Global.

Opportunities

ACQUISITIONS: Strategic bolt-on M&A can accelerate growth in key areas.
ECOMMERCE: Expand B2B digital channels to capture direct sales growth.
SUSTAINABILITY: Demand for recycled content and reusable products.
AUTOMATION: Further investment in automation to boost plant efficiency.
RESHORING: Increased demand for North American manufactured goods.

Threats

RECESSION: Economic downturn impacting industrial and consumer demand.
RESIN: Volatility in raw material pricing directly impacts COGS.
COMPETITION: Intense price competition from both large and niche players.
DESTOCKING: Channel partners reducing inventory levels affects sales.
INTEREST: Higher interest rates increase cost of capital for M&A.

Key Priorities

EXECUTION: Drive 'One Myers' strategy to unify operations and culture.
GROWTH: Pursue strategic bolt-on acquisitions in high-margin niches.
RESILIENCE: Mitigate market cyclicality via portfolio optimization.
INNOVATION: Accelerate sustainable product development and automation.

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Myers Industries OKR

Updated: October 6, 2025 • 2025-Q4 Analysis

This Myers Industries OKR plan provides a clear, actionable roadmap directly addressing the company's strategic imperatives. The objectives—EXECUTE, ACCELERATE, BUILD, and INNOVATE—are powerful and inspiring, creating a balanced focus between internal transformation and external growth. The Key Results are well-defined, outcome-oriented, and directly linked to the SWOT conclusions, ensuring that daily execution drives long-term strategy. This plan effectively translates the 'One Myers' vision into measurable progress, focusing the organization on operational excellence, strategic expansion into resilient markets, and a necessary pivot toward sustainable innovation. It is a robust framework for aligning the team and delivering tangible results against the company's most critical priorities.

Greif Berry Global Newell Brands ORBIS Corporation IPL Plastics

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To help shape a better future by being a world-class leader in polymer solutions.

EXECUTE ONE MYERS

Unify operations to achieve world-class efficiency.

SYSTEMS: Consolidate 80% of business units onto a single ERP platform to unlock enterprise-wide data visibility.
PROCUREMENT: Realize $15M in annualized savings through centralized strategic sourcing of top 10 raw materials.
CULTURE: Achieve a 10-point increase in our employee engagement score related to cross-functional collaboration.
OPERATIONS: Standardize key manufacturing processes across 5 major plants, reducing waste metric by 15%.

ACCELERATE GROWTH

Expand market leadership in high-margin segments.

ACQUISITION: Close and begin integration of one strategic, bolt-on acquisition in the sustainable packaging space.
ECOMMERCE: Grow the B2B e-commerce channel revenue by 40% through enhanced UX and targeted digital marketing.
PENETRATION: Secure 25 new enterprise accounts in the food processing and healthcare material handling verticals.
GLOBAL: Increase international sales from 10% to 15% of total revenue by expanding distribution in EMEA.

BUILD RESILIENCE

Fortify the business against market volatility.

PORTFOLIO: Increase the revenue contribution from less cyclical industrial end-markets from 60% to 70%.
SUPPLY: Qualify secondary suppliers for 80% of critical raw materials to reduce single-source dependency.
PRICING: Implement new value-based pricing models that improve gross margins by 150 basis points.
FORECASTING: Improve demand forecast accuracy by 25% through a new S&OP process to optimize inventory levels.

DRIVE INNOVATION

Lead the industry in sustainable, smart products.

SUSTAINABILITY: Launch 5 new products where recycled materials constitute over 50% of the finished good.
AUTOMATION: Deploy collaborative robots in 3 manufacturing facilities to automate 5 key repetitive tasks.
R&D: Increase R&D investment as a percentage of sales from 1% to 1.5% to fund next-gen material science.
DIGITAL: Pilot an IoT sensor-enabled product line for asset tracking with 3 strategic enterprise customers.

METRICS

Adjusted EBITDA Margin: 16.5%
Revenue Growth Rate (Y/Y): 8%
Return on Invested Capital (ROIC): 12%

VALUES

Customer Focus
Accountability
Continuous Improvement
Integrity
Teamwork

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Myers Industries Retrospective

AI-Powered Insights

Claude

Gemini

GPT

Myers Industries Q1 2024 Earnings Report & Press Release
Myers Industries FY2023 10-K SEC Filing
Company Investor Relations Website
Public financial data from Yahoo Finance for MYE
Analysis of industrial manufacturing and polymer market reports

Greif Berry Global Newell Brands ORBIS Corporation IPL Plastics

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To help shape a better future by being a world-class leader in polymer solutions.

Toggle Theme

What Went Well

MARGINS: Price discipline and cost controls helped protect margins.
CASHFLOW: Generated strong operating cash flow despite lower sales.
HANDLING: Material Handling segment showed resilience in key markets.
DEBT: Proactively managed debt and maintained financial flexibility.
STRATEGY: Continued steady progress on the 'One Myers' initiatives.

Not So Well

CONSUMER: Sales significantly down due to RV and marine market weakness.
VOLUME: Overall sales volumes declined due to customer destocking.
GUIDANCE: Revised full-year outlook downwards reflecting market softness.
AUTO: Auto aftermarket sales were softer than initially anticipated.
GROWTH: Organic growth was negative amidst challenging macro environment.

Learnings

CYCLICALITY: Consumer segment's vulnerability to discretionary spending.
RESILIENCE: The necessity of a diversified portfolio became very clear.
AGILITY: Need for faster response to rapid channel inventory shifts.
COSTS: Continuous cost management is critical in a downturn.
STRATEGY: Long-term strategic goals must persist through short-term cycles.

Action Items

COSTS: Implement further cost reduction measures in Q4 2025.
INVENTORY: Work with partners to better manage channel inventory levels.
PORTFOLIO: Evaluate strategic options for the Consumer segment.
COMMERCIAL: Launch targeted sales initiatives in resilient end-markets.
OPERATIONS: Accelerate 'One Myers' efficiency projects to improve margins.

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Organization	SWOT Analysis	OKR Plan	Top 6	Retrospective

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Myers Industries Market

AI-Powered Insights

Claude

Gemini

GPT

Myers Industries Q1 2024 Earnings Report & Press Release
Myers Industries FY2023 10-K SEC Filing
Company Investor Relations Website
Public financial data from Yahoo Finance for MYE
Analysis of industrial manufacturing and polymer market reports

Founded: 1933
Market Share: Leader in niche markets; ~2-5% of broader polymer manufacturing.
Customer Base: Industrial, automotive, agriculture, food processing, consumer.
Category:
Industrial Manufacturing
SIC Code: 3089 Plastics Products, Not Elsewhere Classified
NAICS Code: 326199 All Other Plastics Product Manufacturing
Location: Akron, Ohio
Zip Code: 44309
Congressional District: OH-13 AKRON
Employees: 2600

Competitors

Greif View Analysis

Berry Global Request Analysis

Newell Brands View Analysis

ORBIS Corporation Request Analysis

IPL Plastics Request Analysis

Products & Services

No products or services data available

Distribution Channels

Myers Industries Business Model Analysis

AI-Powered Insights

Claude

Gemini

GPT

Myers Industries Q1 2024 Earnings Report & Press Release
Myers Industries FY2023 10-K SEC Filing
Company Investor Relations Website
Public financial data from Yahoo Finance for MYE
Analysis of industrial manufacturing and polymer market reports

Problem

Inefficient material handling processes.
Need for durable, specialized containers.
Lack of reliable, long-lasting products.

Solution

Engineered reusable storage & transport.
Custom rotational molding solutions.
High-quality consumer & auto products.

Key Metrics

Adjusted EBITDA Margin
Net Sales Growth (Organic & Inorganic)
Operating Cash Flow

Unique

Portfolio of trusted, niche brands.
Deep expertise in specific polymers.
Long-standing industrial distribution.

Advantage

Brand recognition (e.g., Akro-Mils).
Established manufacturing footprint.
Sticky B2B customer relationships.

Channels

Industrial distribution networks.
Direct sales force to large OEMs.
Retail and e-commerce partners.

Customer Segments

Industrial manufacturing companies.
Automotive repair and aftermarket.
Agriculture and food processing sectors.

Costs

Raw materials (polymer resins).
Manufacturing labor and overhead.
Sales, general & administrative (SG&A).

Myers Industries Product Market Fit Analysis

Updated: October 6, 2025

Myers Industries helps businesses shape a better future by manufacturing highly durable and reliable polymer solutions. Its products streamline operations, reducing total cost of ownership and enhancing safety. By focusing on superior design and trusted brands, Myers delivers efficiency and peace of mind for customers in critical industrial, agricultural, and automotive markets, ensuring they have the right tools to succeed.

Durability driving lower total cost of ownership

Efficiency through superior product design

Reliability from trusted, proven brands

Before State

Disorganized & inefficient material handling
Unreliable consumer product solutions
Dependency on single-use packaging

After State

Streamlined, safe, and organized workflows
Durable, reliable products for everyday use
Sustainable, reusable system integration

Negative Impacts

Lost productivity and workplace hazards
Product failures and customer frustration
High costs and environmental waste

Positive Outcomes

Increased operational efficiency & safety
Enhanced brand loyalty and user trust
Reduced total cost of ownership & waste

Key Metrics

Customer Retention Rates - Est. 85-90% in core B2B segments

Net Promoter Score (NPS) - Not publicly disclosed; likely positive in B2B

User Growth Rate - Tied to industrial production & GDP growth

Customer Feedback/Reviews - Limited public reviews; B2B focus

Repeat Purchase Rates - High due to industrial consumable nature

Requirements

Deep understanding of end-user needs
Investment in quality manufacturing
Robust distribution and support network

Why Myers Industries

Design durable, fit-for-purpose products
Leverage multi-channel distribution
Provide exceptional customer service

Myers Industries Competitive Advantage

Decades of application-specific expertise
Trusted brands like Akro-Mils & Scepter
Scale in niche manufacturing processes

Proof Points

90+ years of continuous operation
Long-term contracts with industry leaders
Market leadership in key product niches

Myers Industries Market Positioning

AI-Powered Insights

Claude

Gemini

GPT

Myers Industries Q1 2024 Earnings Report & Press Release
Myers Industries FY2023 10-K SEC Filing
Company Investor Relations Website
Public financial data from Yahoo Finance for MYE
Analysis of industrial manufacturing and polymer market reports

Strategic pillars derived from our vision-focused SWOT analysis

LEADERSHIP

Dominate niche material handling & consumer markets.

OPERATIONS

Achieve top-quartile operational excellence.

INNOVATION

Drive growth via sustainable & advanced polymer tech.

CULTURE

Foster an engaged, customer-centric One Myers team.

What You Do

Manufactures diverse polymer products for niche applications.

Target Market

Businesses in industrial, auto, ag, food, and consumer goods.

Differentiation

Strong brand recognition in niche segments
Broad manufacturing capabilities
Long-standing customer relationships

Revenue Streams

Material Handling segment product sales
Consumer segment product sales
Custom molding and manufacturing services

Myers Industries Operations and Technology

AI-Powered Insights

Claude

Gemini

GPT

Myers Industries Q1 2024 Earnings Report & Press Release
Myers Industries FY2023 10-K SEC Filing
Company Investor Relations Website
Public financial data from Yahoo Finance for MYE
Analysis of industrial manufacturing and polymer market reports

Company Operations

Organizational Structure: Segment-based: Material Handling and Consumer.
Supply Chain: Global sourcing of polymer resins; localized manufacturing.
Tech Patents: Holds patents related to product design and manufacturing processes.
Website: https://www.myersindustries.com/

Top Clients

Board Members

Myers Industries Competitive Forces

Threat of New Entry

LOW-MODERATE: Capital investment for manufacturing is substantial, and established distribution channels create a barrier for new players.

Supplier Power

HIGH: Polymer resin market is dominated by a few large chemical companies, leading to price volatility and strong supplier leverage.

Buyer Power

MODERATE: Large industrial buyers and distributors have significant purchasing power, but brand loyalty and switching costs mitigate this.

Threat of Substitution

LOW: For core applications like industrial storage and transport, substitute materials (wood, metal) are often less durable or efficient.

Competitive Rivalry

MODERATE: High fragmentation with many small players, but a few large competitors (Berry, Greif) create significant price pressure.

Analysis of AI Strategy

Updated: October 6, 2025 • 2025-Q4 Analysis

The Myers Industries AI SWOT Analysis highlights a significant opportunity to transform its traditional manufacturing base into a data-driven enterprise. Current strengths in operational and customer data provide a solid foundation, but this is counteracted by major weaknesses in data infrastructure, talent, and a fragmented systems landscape. To accelerate its vision, Myers must prioritize building a unified data platform. The most immediate AI opportunities are internal: optimizing manufacturing with predictive maintenance and enhancing commercial effectiveness through dynamic pricing and sales intelligence. The primary threat is not AI itself, but the speed at which competitors might leverage it to create a cost or innovation gap. A focused, practical approach—starting with high-ROI operational and commercial pilots—will build momentum and demonstrate the value of AI in shaping a more efficient and profitable future.

Greif Berry Global Newell Brands ORBIS Corporation IPL Plastics

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To help shape a better future by being a world-class leader in polymer solutions.

Strengths

OPERATIONS: Rich operational data from manufacturing for process AI.
CUSTOMERS: Long-term sales data can fuel predictive demand models.
NETWORK: Existing distribution network for smart logistics pilots.
PRODUCTS: Physical products offer platform for IoT/sensor integration.
SEGMENTS: Diverse business units allow for targeted AI test cases.

Weaknesses

DATA: Siloed data across legacy ERP systems hinders unified AI models.
TALENT: Lack of in-house AI/ML engineering and data science expertise.
INFRASTRUCTURE: Insufficient cloud and data infrastructure for AI/ML.
CULTURE: Decision-making culture may not yet be fully data-driven.
SCALE: Limited budget for large-scale AI R&D vs. tech giants.

Opportunities

PRICING: AI-driven dynamic pricing models to optimize margins.
MAINTENANCE: Predictive maintenance AI for manufacturing equipment.
SUPPLY: AI to forecast resin prices and optimize procurement timing.
DESIGN: Generative AI for faster, more innovative product design.
SALES: AI-powered CRM to identify cross-sell/upsell opportunities.

Threats

COMPETITION: Competitors adopting AI faster to lower costs and prices.
CYBERSECURITY: AI models and data are new targets for cyber attacks.
IMPLEMENTATION: High cost and complexity of integrating AI into legacy systems.
OBSOLESCENCE: AI could enable new manufacturing methods that disrupt.
PRIVACY: Data privacy regulations impacting customer data usage for AI.

Key Priorities

FOUNDATION: Build a unified data infrastructure for AI applications.
EFFICIENCY: Pilot predictive maintenance AI in key manufacturing sites.
COMMERCIAL: Implement AI-powered pricing and sales intelligence tools.
INNOVATION: Explore generative AI for new product design concepts.

Create professional SWOT analyses in minutes with our AI template. Get insights that drive real results.

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Myers Industries Financial Performance

AI-Powered Insights

Claude

Gemini

GPT

Myers Industries Q1 2024 Earnings Report & Press Release
Myers Industries FY2023 10-K SEC Filing
Company Investor Relations Website
Public financial data from Yahoo Finance for MYE
Analysis of industrial manufacturing and polymer market reports

Profit: $34.3 million (Net Income, FY 2023)

Market Cap: $750 million (Approx. Q2 2024)

Stock Performance

Annual Report: Available on the company's investor relations website.

Debt: $217.4 million (Total Debt, Q1 2024)

ROI Impact: M&A integration and operational efficiency are key ROI drivers.

SWOT Index

Composite strategic assessment with 10-year outlook

/ 100

Market Leader

ICM Index

STRATEGIC ADVISOR ASSESSMENT

Myers Industries scores as a solid Market Leader. Its North Star is category-focused, but achievability is tempered by cyclical market risks. The SWOT is balanced, with significant operational upside offset by macroeconomic threats. The OKRs are strong and execution-focused, driving category-shaping impact. AI potential is present but requires foundational investment. The low growth multiplier reflects a mature market and the challenge of transforming a legacy industrial firm versus a high-growth tech company.

SWOT Factors

Upside: 66.7 Risk: 70.0

OKR Impact

AI Leverage

Top 3 Strategic Levers

Mitigate cyclicality by shifting portfolio to resilient markets.

Accelerate 'One Myers' integration to unlock cost synergies.

Execute bolt-on M&A in sustainable, high-growth adjacencies.

AI Disclosure

This report was created using the Alignment Method—our proprietary process for guiding AI to reveal how it interprets your business and industry. These insights are for informational purposes only and do not constitute financial, legal, tax, or investment advice.

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