pestle analysis chocolate industry

Some political factors that can affect the chocolate industry in the UK include: Trade policies: Changes in trade policies and tariffs can affect the cost and availability of raw materials, as well as the export and import of finished chocolate products. - Size of Government Budgets both Local Governments and National Government The government at both national level and local levels are running deficit budgets which is boosting growth in the short term but may lead to increase in inflation over medium term. Chocolate Hawkins has to assess whether it can live with the fast pace of technology disruption in its industry. For example it has been extremely difficult for US companies to enter UK health market as UK health system is a nationalized system and everything goes through contracts at national level. 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(A) PESTEL / PEST / STEP Analysis & Solution, PepsiCo: The Challenge of Growth Through Innovation PESTEL / PEST / STEP Analysis & Solution, Adam Baxter Co./Local 190: 1985 Negotiation, Local 190 Confidential Information PESTEL / PEST / STEP Analysis & Solution. 2. According to the Central Statistics Office, the share of agriculture was 78%, services 16%, and industry 6% in GDP. Then with the blame game where everything was the culprit for poor sales in 2015. This will help in better predicting the environment policy of the country. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. Add if theyre not, then poor sales are obviously their fault right? -Efforts to reduce consumption of water and energy and optimize transport routes. Of course, the format of the presentation barred us from discussing how the acquisition of Kraft Foods will affect company performance in the future. Theyve adapted Microsoft-powered artificial intelligence (A.I) in their Pennsylvania factory. Our Twitter PESTLE analysis highlights the external factors, like political, economic, social, and technological ones, Cybersecurity is an increasingly important field of work. PESTLE Analysis of Nestle in light of Industry 4.0 Political and Economic Forces Politcal Factor Sustainable Politics: PESTLE Analysis Industry-4.0 efforts in UK are politically driven, commitment from the top is a motivating factor for companies to adopt new practices. Cadbury is identical with the consumption of chocolate on a universal basis. Cultural norms: Chocolate is often associated with indulgence and gift-giving in UK culture, which may impact consumption patterns and marketing strategies. For example most of EU countries now want the EU citizen data to be saved in EU countries only. In doing so, the companys machinery learned to adjust itself throughout the day. The Company has various popular products in the Petcare as well as in the chocolate category for example; in the Petcare industry Pedigree, Royal Canin, Whiskas etc. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. And although theyre doing better financially in 2018 compared to the disastrous year of 2015, the company is not on the hunt to increase expenses just yet. Hi, We can write an analysis or assignment on any topic of your choice, PESTLE Analysis of Chocolate Industry in Uk. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Rocky Mountain Chocolate Factory, Inc.. Other factors may include regulations related to sustainability and greenhouse gas emissions, consumer demand for ethically and sustainably produced products, and the availability and cost of renewable energy sources. - Influence of Climate Change How climate change will impact Chocolate Hawkins business model and supply chain. 2012). In-depth industry statistics and market share insights of the Chocolate Market sector for 2020, 2021, and 2022. Know More It shares its borders with the neighboring countries of Namibia, Botswana and Zimbabwe, and to the east are . Japan is a small, but articulate, country. Government support: Government policies and initiatives to support the growth and development of the food industry can benefit the chocolate industry in the UK. Competition: The level of competition in the industry can affect pricing, marketing, and innovation, which can impact the profitability of individual companies. Traceability: Technology such as barcoding, RFID (radio frequency identification), and blockchain are being used to enhance traceability of the chocolate supply chain, from cocoa bean to finished product. 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. 3. Hawkins wondered how to guide his company into this new area of social gaming without losing any of the tremendous creative momentum the team had built over the previous years. Chocolate Gourmet should consider the fact that at deficit levels of United States in an emerging economy can lead to rampant inflation and serious risks of currency depreciation. - Level of Acceptance of Technology in the Society Chocolate Hawkins has to figure out the level of technology acceptance in the society before launching new products. The full-year net sales increased by 1 percent, even though the four-quarter net sales dropped by 1.6 percent. These factors are Political, Legal, Economic and Social. - Gender Composition in Labor Market Chocolate Gourmet can use gender composition of labor market to understand the level of liberal nature of the society, women rights, and womens say in matter of societal issues and consumption decisions. The rest of the billions of bottles end up polluting the ocean and endangering sea life. Switzerland is one of the largest economies in the world. The gourmet category was expected to grow as consumers incorporated more expensive gourmet foods into their diets, a trend beginning with the beer, wine, coffee, cheese, and ice cream industries. - Transparency & Digital Drive Chocolate Hawkins can use digitalization of various processes to overcome corruption in the local economy. And while Dairy Milk chocolate and Trident Gum sold well, other brands like Halls also saw a rise in their annual sales. Here are 7 professional tips that can, Our General Mills SWOT Analysis examines internal and external factors that impact the company's operations, What is root cause analysis, the goal, and why is it important? Glenn Carroll, Greg Powell (2018), "Note on the U.S. Chocolate Market Harvard Business Review Case Study. Linda A. Hill, Alison Berkley Wagonfeld (2018), "Digital Chocolate Harvard Business Review Case Study. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. Digital Chocolate case study PESTEL analysis includes macro environment factors that impact the overall business environment Political, Economic, Social, Technological, Environmental, and Legal factors. "Tasting Empire: Chocolate and the European Internalization of Mesoamerican Aesthetics." The American Historical Review 111 (3):pp 660 Odijie, E.M., 2016. As population is ageing it will require less tech intensive products. 4. Analyze Strengths and Weaknesses of Chocolate Gourmet. This can help Chocolate Gourmet to bring in more transparency and make supply chain more flexible. This is a decrease, compared to the growth of about 10.84% per year, registered in 2015-2019. - International Trade & Other Treaties The country has a good record of adhering to international treaties it has done with various global partners. - Time Taken for Court Proceedings Even if the country has best of the laws, it doesnt mean much if they cant be enforced in a timely manner. 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 The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Chocolate Gourmet. The retail distribution of take-home and eat-later confectionery is basically done through two groups of channels, i.e. Chocolate Industry in India 7. This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. Maybe all of these things were issues; shares were down 20 percent in that first quarter so something was definitely off. Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. In each of these locations, the sales were weaker. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. If other business units follow suit, this can result in a loss of hundreds of jobs across the globe. For example as the population of USA and EU is growing old the demand for products mostly catering to this segment will grow. - 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. Lindt PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. environmental. Save my name, email, and website in this browser for the next time I comment. Taxation: Changes in tax policies, such as changes in VAT or sugar taxes, can affect the prices of chocolate products and consumer demand. Managers at Chocolate Hawkins need to examine three inter-related environments in order to come up with an effective strategy. Chocolate harvested from cocoa trees is susceptible to pests, diseases, and pesticide use. - Laws regarding Monopoly and Restrictive Trade Practices As a new player Chocolate Gourmet shouldnt be worried about the monopoly and restrictive trade practices law. Higher inflation may require Chocolate Hawkins to continuously increase prices in line of inflation which could lead to lower levels brand loyalty and constant endeavors to manage costs. PESTLE analysis | Factsheets | CIPD Discover what PESTLE means, and use our PESTLE analysis template and example to understand the external influences on your organisation. Macro Environment Analysis: PEST Analysis: Order custom essay Nestle: Macro Environment and Micro Environment Analysis with free plagiarism report GET ORIGINAL PAPER. A PESTEL analysis is used as a strategic tool to measure industry dynamics through recognition of the core political, economic, social, technological, legal and environmental forces/changes having influence on the industry (Henry, 2007, p.23). - Level of Household Income and Savings Rate Increasing consumption and stagnant household income in United States had led to credit binge consumption.