pestle analysis chocolate industry pestle analysis chocolate industry

- 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. Hi, We can write an analysis or assignment on any topic of your choice, PESTLE Analysis of Chocolate Industry in Uk. This is why theyre using A.I to improve their products and encourage more sales. - Corporate Social Responsibilities Culture Are Chocolate Hawkins present CSR efforts applicable in the new market or does it needs to have new initiative to cater to the prospective market. - Demographic Trend The demographic trend is one of the key factors in demand forecasting of an economy. The first Cadbury shop was opened in . - Foreign Exchange Rate Number of companies have incurred losses in past few years because of forex risk in Venezuela, Brazil, and Argentina. 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. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. - Attitude towards Leisure Chocolate Hawkins should conduct an ethnographic research to understand both attitude towards leisure activities and choice of leisure activities. - Empowerment of Supply Chain Partners Chocolate Gourmet should analyze areas where technology can empower supply chain partners. PESTLE analysis. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Rocky Mountain Chocolate Factory, Inc.. In one respect, Cadbury was born as a result of social factors. 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. Due to the COVID-19 pandemic, the global Insulin Delivery Devices market size is estimated to be worth USD 11340 million in 2022 and is forecast to a readjusted size of USD 14100 million by 2028 . Opening shop in the early 19thcentury, Cadbury has emerged as a global brand with factories and offices the United Kingdom and North America, and a notable presence in Asia and Africa as well. It is also imperative to use technology to create competitive advantage in the industry. The chocolate industry has to anticipate the outcomes of their business operations in such a way that are in abidance with the rules and regulations made by the government of the country. Being a specialty retailer of home dcor and gifts, their primary products are . The Chocolate Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Chocolate Gourmet can make strategies based on the stable political environment. In 2008, the Schweppes brand was sold to the Dr Pepper Group, and in 2010, Cadbury was acquired by Kraft foods in the US. These factors are Political, Legal, Economic and Social. * Cadbury 's occupy about 72% of the chocolate /confectionery market with Dairy Milk Five Star Perk Gems * The organized sector in chocolates constitutes 40%. - Transparency & Digital Drive Chocolate Hawkins can use digitalization of various processes to overcome corruption in the local economy. They include political policies and stability as well as trade, taxation and fiscal policies ". Know More Egypt SWOT Analysis This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for Egypt. This can help Chocolate Hawkins in numerous decisions such as plant location, product development, and pricing strategy. Recent moves in this regard include the use of pathogen testing systems and filing patents for heat-resistant chocolate. In doing so, the companys machinery learned to adjust itself throughout the day. But on the flip side it does increases both time and cost of doing business and getting certifications and clearances. PESTLE analysis | Factsheets | CIPD Discover what PESTLE means, and use our PESTLE analysis template and example to understand the external influences on your organisation. By last estimates, the 8 Cadbury factories in the UK had employed 3,000 workers. It has decimated the culture of savings as people dont have enough to save. Learn how to, Our Mayo Clinic SWOT Analysis examines the Strengths, Weaknesses, Opportunities and Threats of one of, Technology is now taking over, and almost all fields are turning most tasks into digital., Copyright 2020 Weberience LLC. Dec 31, 2014 by PESTLEanalysis Contributor Cadbury is synonymous with chocolate consumption worldwide. - GDP Trend & Rate of Economic Growth The higher GDP growth rate signals growing demand in the economy. 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. In highly hierarchical societies the power of decision making often reside at the top. For example Uber employment system is not consistent with French laws and it is facing challenges in the country. As an experiment, the company used a kiosk powered by Affectivas technology to encourage consumers to smile into the machine for a free sample. 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. Many US companies have incurred losses in Mexico in regular forex crisis in that country. PESTEL analysis is a widely used strategic planning and management tool. A Comprehensive Project report on Chocolate Industry Bhavik Parmar Follow Co-Founder And MD at KadiBuddy Advertisement Advertisement Recommended Final report on chaco Shailesh Kumar 3.7k views 66 slides Chocolate industry project report hasnain2 6.2k views 74 slides Chocolates & confectionery Varun Deshpande 18.6k views 29 slides - Role Local Governments Play Local governments are highly influential in the policy making process and implementation as most of the policies and regulations are implemented by the local government as enforcement agencies mostly report to local government in their own states regarding various laws. Technology is fast disrupting business models across various industries. - Foreign Exchange Rate Number of companies have incurred losses in past few years because of forex risk in Venezuela, Brazil, and Argentina. Often companies enter the arena without requisite infrastructure to support the technology oriented model. Environmental factors are fast gaining traction not only among consumers but also among regulators and policy makers. Amul 9. - Laws regarding Monopoly and Restrictive Trade Practices As a new player Chocolate Gourmet shouldnt be worried about the monopoly and restrictive trade practices law. This means less error in product development and packaging, possibly saving the company millions in expenses and product waste. The Brazilian chocolate market is projected to witness a CAGR of 4.12% during the forecast period 2022-2027. According to the Central Statistics Office, the share of agriculture was 78%, services 16%, and industry 6% in GDP. Environmental factors are fast gaining traction not only among consumers but also among regulators and policy makers. Government policies: Taxation, trade policies, and regulations can impact the cost of production and distribution of chocolate products, affecting the profitability of the industry. 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. First with the consumer pushback against their usage of the Ivory Coast (and potentially child labor). Its GDP in 2019 was $703.8 billion that represented 0.58% of the world economy (Trading Economics, 2020). Here's the SWOT analysis of Mars Incorporated which is an American multinational company primarily engaged in production and marketing of confectionery. In this essay, we will conduct a PESTEL analysis of the chocolate industry in the UK to identify the key external factors that could affect its future prospects. The PEST Analysis is quite similar to that of the SWOT analysis (Srdjevic et al. operates in a complex and dynamic environment characterized by regulatory changes, growing environmental activism . - Unrest within the Country & Chances of Civil Unrest We dont think that Chocolate Hawkins business operations are facing any dangers from any kind of civil unrest or internal militant operations in the country. 1. - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Gourmet. Chocolate Gourmet should do a primary research regarding how much time it often takes to conclude a court case in the country given the sort of legal challenges Chocolate Gourmet can face. - International Trade & Other Treaties The country has a good record of adhering to international treaties it has done with various global partners. Political environment and other factors not only impact the cost of doing business but also long term sustainability. - Environmental Regulation Impacting Absolute Cost Advantage Dynamics in the Industry. T - Technological. SWOT analysis of Cadbury 12. - Work Force Productivity Work force productivity in US has grown by 25-30 % in last two decades even though the salaries are not reflecting those gains. Macroeconomics is the study of large-scale economic elements, often relating to countries as a whole.The factors this analysis represents are political, economic, social, technological, legal and environmental. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. Chocolate Hawkins can make strategies based on the stable political environment. Despite the popularity of chocolate in the United States, many analysts believed that the market was far from saturated, noting that European per capita consumption of chocolate remained considerably higher than that of American consumers. Hersheys has experienced a fair bit of controversy. Chocolate Hawkins should carefully analyze the attitude towards authority before launching a marketing campaign for its products and services. Of course, the format of the presentation barred us from discussing how the acquisition of Kraft Foods will affect company performance in the future. Business Analysis: Kirkland. By 2008, the company had expanded its operations into four countries and Digital Chocolate was one of the top developers of soloplayer games for standard mobile phones and iPhones. The gender composition of labor market is a good indicator of disposal income of household, priorities of the households, and related needs. Kurien, the cooperative society makes milk and various milk products like curd, cheese, milk powder, cheese spread and chocolate amongst others. Pestle Analysis Of Cadbury 1585 Words7 Pages Cadbury is a multinational organization. The PESTLE analysis is a concept first mentioned by Harvard Business School professor Francis J. Aguilar. But its still a business at the end of the day; higher returns are most important for its survival. In the context of the UK, the change of government from the Labour party to the Conservative/Liberal Democrat is bound to influence Cadburys operations. In this section, we present a brief analysis of each element in relation to the . Health trends: The UK government has launched several campaigns in recent years to promote healthy eating, which may impact the marketing and consumption of chocolate products. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. - Transparency & Digital Drive Chocolate Gourmet can use digitalization of various processes to overcome corruption in the local economy. KitKat PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. Journal of Economic Geography, 1 (4), pp.405 Norton, Marcy. Environmental regulations, such as those related to waste disposal and sustainable sourcing of cocoa and other ingredients. Foreign currency exchange rates were insignificant in the second quarter. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. Chocolate Gourmet can borrow cheaply under such circumstances. It would focus on the macro-environmental factors that impact her growth and productivity. Market share was divided among mass-market, gourmet, and cause-related manufacturers. . Intellectual property laws, such as those related to trademarks and patents for unique chocolate products or manufacturing processes. (Child Labor and Slavery in the Chocolate Industry, 2014). All Rights Reserved, Political factors: The politics and policies of chocolate, Economic factors: All problems, all the time, Social factors: A dedication to social responsibility and favor, then poor sales are obviously their fault, adopting new technology to create better treats, add this A.I technology to every one of their lines, the consumer pushback against their usage of the Ivory Coast (and potentially child labor), 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. - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. - Societal Norms and Hierarchy What sort of hierarchy and norms are acceptable in society also influence the types and level of consumption in a society. PESTLE Analysis of Soap Industry in India, PESTEL Analysis of Starbucks in Philippines. A SWOT analysis is a tool used to evaluate the strengths, weaknesses, opportunities, and threats of a business or product. But its cheaper to use than organic chocolate, which is pesticide-free, GMO-free, and synthetic fertilizers-free. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. - Government Regulations and Deregulations The government is adhering to all the rules and regulations under World Trade Organization norms. Execution of the strategy and building a feedback loop, using which managers at Chocolate Hawkins can fine tune processes and strategies going forward. - Intellectual Property Rights Protection Chocolate Gourmet should assess the level of protection that intellectual property rights get under the legal system of the country. The bond rating of national government is investment grade. In Asia authority is respected while in west it is something to rebel against. For launching a new product we use PESTLE or SWOT strategies and let us Consider that we are launching a new chocolate product . 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. This is a decrease, compared to the growth of about 10.84% per year, registered in 2015-2019. 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? Analyze Strengths and Weaknesses of Chocolate Hawkins. In highly hierarchical societies the power of decision making often reside at the top. - Recycle Policies What are the recycle policies in prospective market and how Chocolate Gourmet can adhere to those policies. - Price Fluctuations in both Local and International Markets Compare to the level of quantitative easing in last decade the prices of Chocolate Gourmet products and prices of overall products have remained sticky in the US market. We at EMBA Pro believe that in near future the sector most disrupted by technological innovation is manufacturing and production. Choosing the vision, mission and the reason of existence for Chocolate Gourmet. With so many chocolate options and new additions for 2018, Mr. Buck seemed confident in the variety they offered, as well as the new marketing campaigns launched for the products. Thus, disruption in the supply chain of raw materials . Some of the legal factors that may impact the chocolate industry in the UK include: Some environmental factors that may affect the chocolate industry in the UK include climate change and its impact on cocoa production, deforestation and habitat destruction in cocoa-growing regions, resource consumption and waste generation in the manufacturing process, and the environmental impact of packaging and transportation. Chocolate Gourmet can leverage such a situation to hire the best people in business. Nestle 10. Chocolate Gourmet should be aware of presence of such practices in a country. We will make special emphasis on Cadbury UK, as this is where the company originally began. This is an out-of-the-box usage of technology that hands Hersheys a competitive advantage. Chocolate Hawkins should build a strategy that can integrate societal values, infrastructure, and Chocolate Hawkins business model. PEST ANALYSIS The PEST analysis is a useful tool for understanding market growth or decline and as such the position potential and direction for a business. PESTEL analysis is mainly the assessment of macro environment factors. The Chocolate Confections Corporation PESTEL Analysis will look at the external factors - political, economic, social, technological, environmental, and legal. Free Summary Report This report contains the table contents only. Save my name, email, and website in this browser for the next time I comment. Table two below presents a PESTLE analysis for the industry Nestl are present . - 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. Japan is a small, but articulate, country. Climate change and changing ecosystem is leading to the extinction of more than 20% of species on the planet by the turn of this century. We at EMBA Pro believe that in near future the sector most disrupted by technological innovation is manufacturing and production. Lindt PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. Even though the global economic downturn did affect Cadburys expansion plans (owing to a reduction in disposable income of customers and other stakeholders), sales actually remained quiet steady. 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. SWOT analysis of Amul Chocolates. - Consumer Disposable Income The household income of the country has increased constantly in the last decade and half, compare to the USA market where household income is still below 2007 levels and not increased in real terms since early 1980s. Since then, the PESTLE analysis has become a popular strategic tool to assess the macro environment of organisations . 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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. It factors in temperature, rotations, pressure, and other necessary measurements to make the perfect candy. Until 2025, the chocolate confectionery market in South Africa is forecast to reach 1.03 billion USD (in retail prices), thus increasing at a CAGR of 5.98% per annum for the period 2020-2024. It will help Chocolate Gourmet in both developing environmentally friendly products and thwarting PR stumble blocks. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. Some technology factors affecting the chocolate industry in the UK could include: Automation: Chocolate manufacturers in the UK are increasingly adopting automation technology to streamline their production processes and reduce labor costs. Although the African government created an audit system to monitor child labor, its not easy to prosecute offenders offenders like the Hershey Company. - Cost of Production and Trends Chocolate Gourmet should assess - What are the cost of production trends in the economy and level of automatization. Many nutritionists recommend people to reduce their consumption of chocolate and candy, which is likely to affect Cadbury sales in the future. - Work Force Productivity Work force productivity in US has grown by 25-30 % in last two decades even though the salaries are not reflecting those gains. For internal factors, check out the swot analysis of the UK. Employment laws and regulations, such as those related to minimum wage, working hours, and health and safety. The leading chocolate producers in Japan are Lotto Group, Meiji Seika Kaisha Ltd, and Ezaki Glico which, in 2008, had market shares of 22%, 22% and 21%, respectively. - Employment Rate If the employment rate is high then it will impact Chocolate Gourmet strategies in two ways it will provide enough customers for Chocolate Gourmet products, and secondly it will make it expensive for Chocolate Gourmet to hire talented & skillful employees. - 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. Feb 20, 2023 (The Expresswire) -- "Liqueur Chocolate Market" new research report for [2023] provides a comprehensive overview, including market size, share, growth rate, PESTEL analysis, SWOT .