CVS is amongst the many organizations in the United States that outsource their operations to China (Tabuchi, 2015). One of the major reasons for this is the low wages and salaries payable to Chinese workers. However, the labor reforms being instituted in the country pose a significant threat to this arrangement, considering the effect of such actions is to provide employees with greater protections and benefits, one of which is increasing their wages and salaries (Tabuchi, 2015). Due to this move, CVS Health’s operational costs will go up, an aspect that threatens its profitability.
Internal Factors Enhance CVS Health’s Competitive Advantage
As mentioned earlier of the strengths of CVS Health is its cash flows that give it access to vast resources (Tabuchi, 2015). Courtesy of this, the company and its subsidiaries have access to vast resources that they can use to market its products and improve the value offered to customers via its products and services. By doing this, CVS Health is able to enhance customer awareness of its products. When this happens, more people will feel inclined to purchase its products.
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