Sep 2014. INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. Hotel Chocolat Group Plc PESTEL & Environment Analysis - Essay48 Know More Egypt SWOT Analysis This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for Egypt. The total retail value of the U.S. market for chocolate was estimated at $13.7 billion in 2002, a 10.2% increase from 1998. But conversely, it will also create new employment opportunities in countries like India. For example, Value-added Tax rose by 2.5% in 2010 and increased chocolate prices and reduced sales. Expert Solution. Regulations: Regulations on food safety, labeling, and advertising can impact the manufacturing and marketing of chocolate products. Definition of PESTEL / PEST / STEP Analysis. Pest analysis of chocolate industry Free Essays | Studymode - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Gourmet. If they were to save money here, itd be a higher return. In addition, there are also concerns in the western world owing to rising cases of obesity, especially among children. Attitude towards immigration has come under sharp focus. The Hershey Company is adopting new technology to create better treats. Being run by a Quaker family, their opposition to alcohol served as the basis of running a business that sold tea, coffee, cocoa, and liquid chocolate. This will enable the Chocolate Hawkins to determine if required can it hire talent globally to work in that particular market. Chocolate in a Bloom 6. As such, theyre looking to bring more good into the world by building thriving communities and becoming better stewards of the planet. All Rights Reserved, Twitter PESTLE Analysis: 6 Notable Factors Affecting the Social Network, How to Pursue a Career in Cybersecurity: 7 Professional Tips to Follow, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor. Its installed specifically for their Twizzler candies. Managers at Chocolate Hawkins need to examine three inter-related environments in order to come up with an effective strategy. Managers at Chocolate Gourmet need to examine three inter-related environments in order to come up with an effective strategy. . Different countries have different attitude towards health and safety so it is better for Chocolate Gourmet to conduct a thorough research before entering the market. Chocolate Hawkins has to assess whether it can live with the fast pace of technology disruption in its industry. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Gourmet should focus on the environment for intellectual property rights. Hence, Cadbury and its range of products are now owned by the American confectionary giant. 1. Taxation: Changes in tax policies, such as changes in VAT or sugar taxes, can affect the prices of chocolate products and consumer demand. This analysis is also performed to assess the potential of a new market. MBA Skool InstallCourses Home Courses Concepts SWOT The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Chocolate Gourmet. PESTLE analysis of chocolate industry in JAPAN. - Political Governance System Based on the information provided in the Note on the U.S. Chocolate Market case study, it seems that the country have a stable political system. But often in emerging countries these agencies delay the process as a tactic to extract bribes. Analyze Strengths and Weaknesses of Chocolate Gourmet. Strategy planning process often requires five steps
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It can enable Chocolate Gourmet to hire skilled workforce at competitive salaries. PEST Analysis of the Hershey Company: Major Setbacks and the Step into A.I. - Likelihood of Technology Disruption If the country is hub of technology companies then there is a high chance of technology disruption among various industries. - Likelihood of Entering into an Armed Conflict From the information in the Digital Chocolate case study, I dont think there is a likelihood of country entering into an armed conflict with a neighboring country. The first Cadbury shop was opened in . Technology is fast disrupting business models across various industries. For example if the supply chain is not flexible it can lead to bottlenecks if shipments from one part of the world are delayed because of sudden climate shift. 2. Mostly the unusual macroeconomic winds and generic challenges caused sales problems. Ethical and sustainable sourcing: There is increasing concern among consumers about the environmental and social impact of chocolate production, including issues related to child labor, deforestation, and fair trade. - Inflation Rate The inflation rate can impact the demand of Chocolate Hawkins products. Political: Nestle is a global company and in the food and beverage industry one of the most important factors to consider is globalization. Lindt PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. - Corporate Social Responsibilities Culture Are Chocolate Gourmet present CSR efforts applicable in the new market or does it needs to have new initiative to cater to the prospective market. 1 . Add if theyre not, then poor sales are obviously their fault right? South Africa, officially the Republic of South Africa, is a country located at the southern tip of Africa, with over 1,739 miles of coastline that stretches along the South Atlantic and Indian oceans. Chocolate in China: Enter the Sweet Chocolate Market Business Analysis: Kirkland. Online sales: The growth of e-commerce and online sales has encouraged many chocolate manufacturers in the UK to invest in online sales channels and digital marketing strategies. PESTLE analysis of chocolate industry in JAPAN. In practice, analyses based on the PESTEL model are used in conjunction with studies on the micro-environment as part of the overall . PEST analysis is used to control the external factors of what happens outside the . The Chocolate Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Save my name, email, and website in this browser for the next time I comment. - Intellectual Property Rights Protection Chocolate Gourmet should assess the level of protection that intellectual property rights get under the legal system of the country. multiple grocers and impulse retail channels. - Immigration Policies and Level of Immigration What are the immigration policies of the country, what is the level of immigration, and in which sectors immigration is encouraged. -Environmental policy is very important to Lindt and Sprngli. Chocolate Gourmet should assess what are preferred choice of mobile payments in local economy and chose the business model based on it. - Mobile Phone & Internet Penetration Chocolate Gourmet should assess the level of internet and mobile phone penetration in the country as it will it in building a requisite business model based on local needs and realities. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. Demographics: The UK has an aging population, which may impact chocolate consumption patterns as older consumers may be less likely to consume chocolate or may have different preferences than younger consumers. - Per Capita and National Carbon Emission What is the per capita carbon emission of the country and what is the overall level of carbon emissions of the country. But this strategy entails risks when interest rate will go up. Factors that should be consider while launching a new product i.e Political, Economic, Sociological, Technological, Legal and Environmental and the questions we should take under Consideration PESTEL analysis for the chocolate confectionery industry in Italy shows that there are 4 major factors impacting the overall market environment. The alcoholic beverage segment accounted for the largest share of the market in 2020, with beer being the most consumed alcoholic beverage worldwide. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. Pestle on chocolate industry in the uk Free Essays | Studymode - Judiciary Independence In the matter of commercial and business decisions, judiciary of the country is independent to a large extent. The Hersheys Company is the largest chocolate manufacturer in North America and yet theyve hit major setbacks both politically and economically. 1. In each of these locations, the sales were weaker. SWOT analysis of Amul Chocolates - Marketing91 Political environment and other factors not only impact the cost of doing business but also long term sustainability. - Acceptance of Mobile Payments and Fintech Services One of the areas where US are lacking behind China is Mobile Payments. Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. Know More It shares its borders with the neighboring countries of Namibia, Botswana and Zimbabwe, and to the east are . Chocolate Industry in India 7. -Efforts to reduce consumption of water and energy and optimize transport routes.