{"product_id":"matahari-pestle-analysis","title":"Matahari PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eYour Shortcut to Market Insight Starts Here\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eDiscover how political shifts, economic trends, social preferences, technology adoption, legal developments, and environmental pressures are shaping Matahari’s outlook—our PESTLE distills these forces into clear strategic implications. Ideal for investors, consultants, and managers, the full report delivers actionable intelligence and editable templates to support decisions. Purchase the complete analysis for immediate, board-ready insights.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTrade Protectionism and Import Duties\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Indonesian government raised import duties on finished textiles to as high as 15–30% in 2024 to protect local producers, forcing Matahari to absorb higher landed costs for international brands and contributing to a 6% uptick in COGS for imported apparel in FY2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment Stability and Policy Continuity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFollowing the 2024 general election, the 2025 administration targets 5.0–5.3% GDP growth and IDR 428 trillion planned infrastructure spending, creating political stability that supports long-term retail investment and store expansion across Indonesia’s 17,000+ islands. This continuity lowers regulatory shock risk for Matahari’s ~160 stores and 4,000+ employees, aiding capex planning and reducing compliance-related cost volatility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal Content Requirements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOngoing political moves in 2024–25 push tougher TKDN enforcement in retail, with lawmakers signaling targets to raise domestic content thresholds from current informal averages (~30–40%) toward 50% in priority sectors; Matahari is deepening ties with local SMEs and Indonesian designers to boost local sourcing, mitigating compliance and PR risk. Failure to align could complicate regional licensing and invite negative publicity, potentially affecting store approvals and footfall in key provinces.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegional Autonomy and Zoning Laws\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDecentralized governance in Indonesia forces Matahari to navigate varied local regulations on store siting and operating hours; as of 2024, differing municipal permits can add 5–12% to opening costs per store in secondary cities.\u003c\/p\u003e\n\u003cp\u003eProvincial political shifts can change local tax rates or zoning rules—recent 2023–24 regional adjustments raised business permit fees by up to 8% in some provinces, impacting outlet-level margins.\u003c\/p\u003e\n\u003cp\u003eMaintaining strong local government relationships is strategic: Matahari’s expansion into tertiary cities in 2024 required dedicated local liaison teams to secure 90% of permits within target timelines.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLocal permit variations add 5–12% to opening costs\u003c\/li\u003e\n\u003cli\u003e2023–24 regional fee hikes up to 8% affected margins\u003c\/li\u003e\n\u003cli\u003eLocal liaison teams secured 90% of permits in 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLabor Union Influence and Minimum Wage Policy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe 2025 political climate features unions pushing for 8-12% annual provincial minimum wage hikes; Indonesia's sectoral pressures saw Jakarta raise its floor to IDR 5.5 million\/month in 2024, and similar moves are proposed in 2025.\u003c\/p\u003e\n\u003cp\u003eWith ~60,000 retail associates, Matahari faces material wage-cost exposure—each 10% hike could add ~IDR 330–440 billion annually to payroll, affecting margins.\u003c\/p\u003e\n\u003cp\u003eThe firm must calibrate HR strategies and  automation investments (POS\/self-checkout rollouts, estimated CAPEX IDR 200–400 billion) to reconcile union demands with profitability.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eUnions seek 8–12% annual increases in 2025\u003c\/li\u003e\n\u003cli\u003eJakarta minimum wage 2024: IDR 5.5M\/month\u003c\/li\u003e\n\u003cli\u003e~60,000 employees; 10% wage rise ≈ IDR 330–440B\/yr\u003c\/li\u003e\n\u003cli\u003eAutomation CAPEX to mitigate costs: IDR 200–400B\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRising import duties, local sourcing \u0026amp; wage hikes squeeze margins; automation becomes vital\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePolitical shifts in 2024–25 raised finished textile import duties to 15–30%, lifting imported apparel COGS ~6% in FY2024; TKDN enforcement moving toward 50% forces local sourcing; decentralized permits add 5–12% to store opening costs and regional fee hikes up to 8% hit margins; wage pressures (Jakarta min wage IDR 5.5M in 2024) mean a 10% rise could add IDR 330–440B to payroll, prompting IDR 200–400B automation CAPEX.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003e2023–25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eImport duty on textiles\u003c\/td\u003e\n\u003ctd\u003e15–30%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImported apparel COGS impact\u003c\/td\u003e\n\u003ctd\u003e+6%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLocal permit cost uplift\u003c\/td\u003e\n\u003ctd\u003e5–12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegional fee hikes\u003c\/td\u003e\n\u003ctd\u003eup to 8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eJakarta min wage (2024)\u003c\/td\u003e\n\u003ctd\u003eIDR 5.5M\/mo\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePayroll impact (10% rise)\u003c\/td\u003e\n\u003ctd\u003eIDR 330–440B\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAutomation CAPEX\u003c\/td\u003e\n\u003ctd\u003eIDR 200–400B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how Political, Economic, Social, Technological, Environmental, and Legal forces uniquely affect Matahari—grounded in regional retail data, consumer trends, regulatory shifts, and supply-chain dynamics to highlight risks and opportunities.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eCondenses Matahari's PESTLE into a clear, meeting-ready summary that highlights external risks and strategic opportunities for rapid decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMiddle-Class Purchasing Power\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe expanding Indonesian middle class—estimated at 140–160 million people by 2025—remains Matahari’s primary revenue driver, with discretionary categories (fashion, beauty) accounting for roughly 60% of sales in FY2024–2025. Disposable income swings correlate strongly with same-store sales: a 1% real income change historically shifts discretionary spend ~0.8%. Government stimulus (BI rate cuts, cash transfers) that supported 4–5% retail growth in 2024 is critical to sustaining store footfall.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInflationary Pressures on Cost of Goods\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePersistent global inflation raised apparel raw material costs ~12% in 2023–24; Matahari reported inventory cost increases contributing to a 3–4ppt margin pressure in FY2024, forcing careful price adjustments for price-sensitive Indonesian consumers to avoid share loss to discount chains; the retailer offsets this via targeted promotions, dynamic pricing algorithms and frequent flash sales—helping maintain like-for-like sales growth of ~5% in 2024 while containing gross margin decline.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCurrency Exchange Rate Volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe Indonesian Rupiah weakened about 3.8% vs the US dollar in 2023 and traded near 15,000 IDR\/USD in early 2025, increasing costs for Matahari's imported apparel and international brand licenses and pressuring gross margins if retail pricing lags.\u003c\/p\u003e\n\u003cp\u003eMatahari mitigates FX risk via forward hedges and by raising local sourcing—locally sourced assortments grew to roughly 62% of procurement in 2024—reducing exposure to further Rupiah depreciation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest Rate Environment\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eBank Indonesia's 7-day reverse repo rate rose to 6.25% in 2023–24, raising Matahari's borrowing costs and pressuring expansion financed by debt, while higher consumer lending rates have weighed on credit-driven retail sales.\u003c\/p\u003e\n\u003cp\u003eIn 2025, market forecasts and BI guidance point to a gradual easing toward ~5.75–6.00%, which would lower Matahari's cost of capital and support planned CAPEX for store renovations and digital investment.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigher BI rate (6.25% in 2024) increases debt service and can curb credit spending\u003c\/li\u003e\n\u003cli\u003eCredit card\/consumer loan rates rose ~200–300 bps vs 2022, reducing buy-now-pay-later usage\u003c\/li\u003e\n\u003cli\u003eProjected 2025 easing to ~5.75–6.00% improves feasibility of financed CAPEX\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGrowth of Household Consumption\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eHousehold consumption accounted for about 56% of Indonesia GDP in 2024, underpinning retail demand that benefits Matahari’s store network.\u003c\/p\u003e\n\u003cp\u003eMatahari leverages seasonal peaks—Lebaran and year-end—when retail spending can rise 20–30% versus monthly averages, driving outsized sales.\u003c\/p\u003e\n\u003cp\u003eThe retailer’s share capture hinges on inventory readiness and targeted campaigns; Q4 2024 inventory turnover improved to ~4.2x, aiding seasonal sell-through.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHousehold consumption ~56% of GDP (2024)\u003c\/li\u003e\n\u003cli\u003eSeasonal spending spikes ~20–30%\u003c\/li\u003e\n\u003cli\u003eMatahari Q4 2024 inventory turnover ~4.2x\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMiddle-class boom to 150M fuels 60% discretionary spend; FY24 LFL +5% amid cost headwinds\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGrowing middle class (~150M by 2025) drives ~60% discretionary sales; FY2024 like-for-like +5% despite 3–4ppt margin pressure from 12% raw-material cost rise. Rupiah ~15,000 IDR\/USD (early 2025) and BI rate 6.25% (2024) raised input and financing costs; projected easing to ~5.75–6.00% in 2025 supports CAPEX. Seasonal spikes +20–30%; Q4 2024 inventory turnover ~4.2x.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMiddle class (2025)\u003c\/td\u003e\n\u003ctd\u003e~150M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDiscretionary share\u003c\/td\u003e\n\u003ctd\u003e~60%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRupiah\u003c\/td\u003e\n\u003ctd\u003e~15,000 IDR\/USD\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBI rate (2024)\u003c\/td\u003e\n\u003ctd\u003e6.25%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLike-for-like (2024)\u003c\/td\u003e\n\u003ctd\u003e+5%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eSame Document Delivered\u003c\/span\u003e\u003cbr\u003eMatahari PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThe preview shown here is the exact Matahari PESTLE Analysis document you’ll receive after purchase—fully formatted, professionally structured, and ready to use for strategic or investment decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56751716729209,"sku":"matahari-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/matahari-pestle-analysis.png?v=1772234252","url":"https:\/\/growthsharematrix.com\/products\/matahari-pestle-analysis","provider":"Growth Share Matrix","version":"1.0","type":"link"}