pestle analysis chocolate 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. PEST or PESTLE analysis is used to identify important external (macro-environment level) forces that could affect a company, creating opportunities or threats for the organization. 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. Pestle Analysis Korean Chocolate Industry - Term Paper Political environment and other factors not only impact the cost of doing business but also long term sustainability. An Analytic Study of Organic Food Industry as Part of Healthy Eating Habit in Turkey: Market Growth, Challenges and Prospects. Analyze Strengths and Weaknesses of Chocolate Hawkins. Strengthening of democratic institution will foster greater transparency and reduce the level of corruption in the country. 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. In 2002, growth in receipts outpaced volume gains for chocolate candy by 8.7 percentage points over the previous year. Attitude towards immigration has come under sharp focus. Conducting a PESTLE analysis of the confectionery industry can help businesses operating in this sector to identify potential opportunities and threats, and to develop strategies to mitigate risks and capitalize on opportunities. The first Cadbury shop was opened in . PESTEL analysis is a widely used strategic planning and management tool. Perhaps it was also the consumers, who (according to Hershey) werent going to stores. The revenue in the chocolate market is projected to reach 340243.54 tons in 2022 and the market is expected to register a CAGR of 5.90% in terms of volume. Pest analysis of chocolate industry Free Essays | Studymode In highly hierarchical societies the power of decision making often reside at the top. PESTLE analysis. Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. Definition of PESTEL / PEST / STEP Analysis. Published by HBR Publications. SWOT and PESTEL Analysis of Nestle - UKEssays.com MBA PESTEL : Note on the U.S. Chocolate Market PESTEL / PEST Analysis Chocolate Hawkins should build a strategy that can integrate societal values, infrastructure, and Chocolate Hawkins business model. - Foreign Exchange Rate Number of companies have incurred losses in past few years because of forex risk in Venezuela, Brazil, and Argentina. But its still a business at the end of the day; higher returns are most important for its survival. SWOT Analysis of Mars - Mars incorporated SWOT analysis - Marketing91 Chocolate in China: Enter the Sweet Chocolate Market Nestle: Macro Environment and Micro Environment Analysis - Phdessay Consumer consciousness regarding the health benefits of eating high-quality chocolate, which remains the key driver of the market. The market size for Switzerland Chocolate in 2021 was estimated at around USD 1.63 Bn. The Hershey Company is adopting new technology to create better treats. Secondly governments from all parties adhere to the treaties made by the previous governments. The Hersheys Company is the largest chocolate manufacturer in North America and yet theyve hit major setbacks both politically and economically. Full-text available. It is commonly used in desserts, confections, and as a flavouring ingredient in various foods. One way to start is by closely mapping the changes in consumer buying behavior and emerging value proposition. - Technology transfer and licensing issues for Chocolate Hawkins laws and culture of licensing of IPR and other digital assets should be analyzed carefully so that Chocolate Hawkins can avoid shakedowns and IPR thefts. In 2011, it is seen that major chocolate . - 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. PESTLE analysis | Factsheets | CIPD Discover what PESTLE means, and use our PESTLE analysis template and example to understand the external influences on your organisation. Its a huge moral and ethical issue because the Ivory Coast is known to enforce child labor. But this strategy entails risks when interest rate will go up. Lindt PESTLE Analysis By last estimates, the 8 Cadbury factories in the UK had employed 3,000 workers. But while chocolate and other products sold by the company are socially acceptable worldwide, Cadbury has been on the receiving end of controversies, the recent one involving Cadbury products being Halal Certified to cater to Muslim markets around the world. Global Chocolate Market Size & Share Analysis Report, 2030 Amul Chocolates is a product category of the milk company Amul which is the brand name for the Gujarat Cooperative Milk Marketing Federation. In doing so, theyre committed to being more transparent about the ingredients. In 2009, Hawkins was eager for Digital Chocolate to start developing new types of mobile games that could be played by multiple players over a period of time. Opening shop in the early 19 th century, 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. PESTEL Analysis of Chocolate Confections Corporation Introduction PESTLE ANALYSIS and 5 FORCES ANALYSIS CHOCOLATE CONFECTIONERY PESTLE Analysis Although it has been nearly 4 years since the destruction of the twin towers in the US, terrorism remains a very real threat in much of the world, and a powerful political and economic influence on business. PESTEL Analysis, SWOT Analysis and Risk Analysis of Egypt Egypt PESTEL Analysis This report covers Egypt 's PESTEL (political, economic, social, technological, environmental and legal) analysis. Know More Egypt SWOT Analysis This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for Egypt. - Likelihood of Technology Disruption If the country is hub of technology companies then there is a high chance of technology disruption among various industries. Maybe all of these things were issues; shares were down 20 percent in that first quarter so something was definitely off. 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. The implication for Chocolate Hawkins is that it can boost sales of its product in short run but also expose Chocolate Hawkins to medium term forex and currency depreciation risks. Its GDP in 2019 was $703.8 billion that represented 0.58% of the world economy (Trading Economics, 2020). According to the date compiled by CNN Money, the Philippines is projected to be the fourth fastest in the world, that has a GDP at 6.7%. - Intellectual Property Rights Protection Chocolate Gourmet should assess the level of protection that intellectual property rights get under the legal system of the country. Analyze the Chocolate Hawkins external competitive environment to identify opportunities and threats. Chapters Research Methodology Study of Global Market Study of Indian Market Product Profile Demand Determination of Chocolate Industry Distribution channel in chocolate industry Key issues & current trends PEST analysis Michel Porter's Five Force Model Other Portfolio Model Financial Analysis Opportunity . KitKat PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. Environmental factors are fast gaining traction not only among consumers but also among regulators and policy makers. Amul 9. The three inter-related environments are industry environment in which the company operates in, the geographic market or country in which company operates, and wider socio economic / macro environment. South Africa Market Research Reports Industry Analysis and Trends Quality control: Advanced technology such as spectroscopy and X-ray analysis are used to improve the quality and consistency of chocolate products. 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. Called consumer trips by the company, buying in stores went down by 2 percent that year. - International Trade & Other Treaties The country has a good record of adhering to international treaties it has done with various global partners. Some of the political factors are governance system, democracy & institutions, military coup chances, probability of armed conflict, law and order in market etc. -Recycled, recyclable and biodegradable packaging. In 2015, the company blamed American consumers for not buying more chocolate. This analysis is also performed to assess the potential of a new market. Chocolate Hawkins needs to be careful about building marketing strategy that is dependent on Purchase on Credit consumer behavior. PEST analysis.docx - World Cocoa Industry1 WORLD COCOA INDUSTRY Author - Transparency & Digital Drive Chocolate Gourmet can use digitalization of various processes to overcome corruption in the local economy. Chocolate Gourmet should consider demographic trends before new product developments and integrate features that cater to this segment. According to an estimate, her annual GDP was 1.375 trillion US dollars in 2020. 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. Switzerland is one of the largest economies in the world. Intellectual property laws, such as those related to trademarks and patents for unique chocolate products or manufacturing processes. This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. As an experiment, the company used a kiosk powered by Affectivas technology to encourage consumers to smile into the machine for a free sample. Nestle 10. 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 . - 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. PESTLE The SWOT analysis for Lindt & Sprngli is presented below in a table followed by the detailed analysis report. "Tasting Empire: Chocolate and the European Internalization of Mesoamerican Aesthetics." The American Historical Review 111 (3):pp 660 Odijie, E.M., 2016. 988 Words4 Pages. This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. Chocolate Gourmet can leverage such a situation to hire the best people in business. The Chocolate Confections Corporation PESTEL Analysis will look at the external factors - political, economic, social, technological, environmental, and legal. There is consistency in both policy making and implementations of those policies. - Transparency & Digital Drive Chocolate Hawkins can use digitalization of various processes to overcome corruption in the local economy. If youve ever enjoyed the classic Hersheys, Kit Kat, or Reeses Peanut Butter Cups, then youve been a consumer of the Hersheys Company. Hersheys also adopted technology to move people further down the grocery aisle. The Hershey Company PESTEL & Environment Analysis Then they scorned the dollar. A Chocolate Industry Project Report - SlideShare The remaining 35% of the chocolate industry was divided among Bourbon Corporation, Nestle S.A., Morinaga & Co, Fujiya, Kabaya Foods Corporation, and Cadbury. Research Methodology 4. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. - Financial Market Structure and Availability of Capital at Reasonable Rates The quantitative easing policy of Federal Reserve has led to liquidity flooding all across the global financial markets. Required fields are marked *. The company would benefit greatly by automating several elements of the supply chain. Chocolate Industry in India 7. They're advanced in telecommunications yet follow a patriarchal family system. E - Environmental. The rest of the billions of bottles end up polluting the ocean and endangering sea life. In 2015, the Hersheys Company surfed upon a sea of negatives. On the other hand, Nestle has a better record of recycling. PESTLE Analysis - Industry & Market Research Guide - LibGuides at For example Uber employment system is not consistent with French laws and it is facing challenges in the country. 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? 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. As population is ageing it will require less tech intensive products. Analyze Strengths and Weaknesses of Chocolate Gourmet. - 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. - Empowerment of Supply Chain Partners Chocolate Gourmet should analyze areas where technology can empower supply chain partners. It should evaluate the e-commerce infrastructure, technology infrastructure etc before entering a new market. Temperature greatly affects the condition of the licorice; too much heat makes it heavy, while too much cold makes the candy lighter. Objective 3. Business do face problem when the conflict is between public interest and proprietary technology similar to ruling in South Africa where government & judiciary allowed generic AIDS drug irrespective of patents of global companies. Those that cant afford it are also a problem because well, theyre not buying the chocolate. If other business units follow suit, this can result in a loss of hundreds of jobs across the globe. In this section, we present a brief analysis of each element in relation to the . One such act is called Shared Goodness; the company promises to keep communities, children, and the planet aligned with their business. PESTLE Analysis of Beverage Industry | Free PESTEL Analysis 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. 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. multiple grocers and impulse retail channels. - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Hawkins. You can download Excel Template of PESTEL / PEST / STEP Analysis & Solution of Digital Chocolate, Copyright Executive MBA Pro Resources 2022, BCG Matrix / Growth Share Matrix Analysis, Case Study Solution & Analysis of Digital Chocolate, 5C Marketing Analysis of Digital Chocolate, 4P Marketing Analysis of Digital Chocolate, Porter Five Forces Analysis and Solution of Digital Chocolate, Porter Value Chain Analysis and Solution of Digital Chocolate, Case Memo & Recommendation Memo of Digital Chocolate, Blue Ocean Analysis and Solution of Digital Chocolate, Marketing Strategy and Analysis Digital Chocolate, VRIO /VRIN Analysis & Solution of Digital Chocolate, PESTEL / STEP / PEST Analysis of Digital Chocolate, Case Study Solution of Digital Chocolate, SWOT Analysis and Solution of Digital Chocolate, USA TODAY: Pursuing the Network Strategy (B) PESTEL / PEST / STEP Analysis & Solution, Washington Post (B) PESTEL / PEST / STEP Analysis & Solution, Keeping Google "Googley" (Abridged) PESTEL / PEST / STEP Analysis & Solution, Unisys: The Merger of Burroughs and Sperry PESTEL / PEST / STEP Analysis & Solution, Telegraph Media Group: The Newspaper Is Dead, Long Live the (E), Change - A Work in Progress PESTEL / PEST / STEP Analysis & Solution, Wikipedia in the Spotlight PESTEL / PEST / STEP Analysis & Solution, Walt Disney's Dennis Hightower: Weaving Together the European Operations PESTEL / PEST / STEP Analysis & Solution, Warner Cable (B) PESTEL / PEST / STEP Analysis & Solution, Man Jit Singh at Sony Entertainment Television (A) PESTEL / PEST / STEP Analysis & Solution, Cisco Systems: Developing a Human Capital Strategy (A) PESTEL / PEST / STEP Analysis & Solution, Organizational Development / MBA Resources. - 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. Many US companies have incurred losses in Mexico in regular forex crisis in that country. What is PESTLE Analysis. - Recycle Policies What are the recycle policies in prospective market and how Chocolate Gourmet can adhere to those policies. -Efforts to reduce consumption of water and energy and optimize transport routes. Rocky Mountain Chocolate Factory, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. You can download Excel Template of PESTEL / PEST / STEP Analysis & Solution of Note on the U.S. Chocolate Market, Copyright Executive MBA Pro Resources 2022, BCG Matrix / Growth Share Matrix Analysis, Case Study Solution & Analysis of Note on the U.S. Chocolate Market, SWOT Analysis of Note on the U.S. Chocolate Market, 5C Marketing Analysis of Note on the U.S. Chocolate Market, 4P Marketing Analysis of Note on the U.S. Chocolate Market, Porter Five Forces Analysis and Solution of Note on the U.S. Chocolate Market, Porter Value Chain Analysis and Solution of Note on the U.S. Chocolate Market, Case Memo & Recommendation Memo of Note on the U.S. Chocolate Market, Blue Ocean Analysis and Solution of Note on the U.S. Chocolate Market, Marketing Strategy and Analysis Note on the U.S. Chocolate Market, VRIO /VRIN Analysis & Solution of Note on the U.S. Chocolate Market, PESTEL / STEP / PEST Analysis of Note on the U.S. Chocolate Market, Case Study Solution of Note on the U.S. Chocolate Market, SWOT Analysis and Solution of Note on the U.S. Chocolate Market, Kirin Brewery Co., Ltd.: The Dry Beer War PESTEL / PEST / STEP Analysis & Solution, Monsanto and Genetically Modified Organisms PESTEL / PEST / STEP Analysis & Solution, Cola Wars Continue: Coke and Pepsi in 2006 PESTEL / PEST / STEP Analysis & Solution, Bitter Competition: The Holland Sweetener Co. vs. NutraSweet (G) PESTEL / PEST / STEP Analysis & Solution, Coca-Cola FEMSA's Contribution to Peace PESTEL / PEST / STEP Analysis & Solution, Vincor and the New World of Wine PESTEL / PEST / STEP Analysis & Solution, Arcor: Global Strategy and Local Turbulence (Abridged) PESTEL / PEST / STEP Analysis & Solution, Marks and Spencer Ltd. (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. The Brazilian chocolate market is projected to witness a CAGR of 4.12% during the forecast period 2022-2027. Digital Chocolate case study PESTEL analysis includes macro environment factors that impact the overall business environment Political, Economic, Social, Technological, Environmental, and Legal factors. 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. Some of the economic factors that Chocolate Hawkins should evaluate both in the present market and one in which it wants to enter are inflation rate, GDP growth rate, disposable income level etc. - 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. 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. First with the consumer pushback against their usage of the Ivory Coast (and potentially child labor). - Securities Law What are the securities law in the country and what are the conditions to list the company on national or regional stock exchange. Legal factors often govern conditions to enter the market, laws to operate in the market, and procedure to resolve any dispute with other stakeholders. Kurien, the cooperative society makes milk and various milk products like curd, cheese, milk powder, cheese spread and chocolate amongst others. It has decimated the culture of savings as people dont have enough to save. Technology is fast disrupting business models across various industries. Lindt & Sprngli SWOT & PESTLE Analysis | SWOT & PESTLE 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. This can help Chocolate Hawkins in numerous decisions such as plant location, product development, and pricing strategy. - 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. The imposition of taxes is yet another political factor that will determine how Cadbury manages its investment and payment to shareholders. Chocolate Gourmet should carefully analyze the attitude towards authority before launching a marketing campaign for its products and services. 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). -Environmental policy is very important to Lindt and Sprngli. Two giants dominated: Hershey's controlled 32.6% of the market and Mars had 29.6%. 2. PEST/PESTLE Analysis - ACCT/FIN_420: Cannabis: Challenges and Many nutritionists recommend people to reduce their consumption of chocolate and candy, which is likely to affect Cadbury sales in the future. 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. It speaks out against child labor and slave labor, while also using sustainable practices for the environment. Chocolate Mould Market Share, Size Global Growth Analysis, T 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. In doing so, the companys machinery learned to adjust itself throughout the day. Like with most food products, the major multiples have substantial buying power, and often buy directly from chocolate manufacturers. 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. Yasemin Oraman. Being a specialty retailer of home dcor and gifts, their primary products are . - Attitude towards Health & Safety The attitude towards health and safety is often reflected in the quality of the products and cost structures of manufacturing processes. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. Chocolate Industry 5. The total retail value of the U.S. market for chocolate was estimated at $13.7 billion in 2002, a 10.2% increase from 1998. - Business Laws Before entering into new market Chocolate Hawkins has to assess what are the business laws and how they are different from home market. The full-year net sales increased by 1 percent, even though the four-quarter net sales dropped by 1.6 percent. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. Market share was divided among mass-market, gourmet, and cause-related manufacturers. - Consumer Disposable Income The household income of the country has increased constantly in the last decade and half, compare to the USA market where household income is still below 2007 levels and not increased in real terms since early 1980s. - GDP Trend & Rate of Economic Growth The higher GDP growth rate signals growing demand in the economy. Much of this gain in retail value could be attributed to a shift of U.S. consumers toward higher priced chocolates. Sep 2014. It can enable Chocolate Hawkins to hire skilled workforce at competitive salaries. Pestle Analysis Of Cadbury - 1585 Words | Internet Public Library - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. At EMBA PRO, 1. SWOT analysis of Amul Chocolates - Marketing91 Labor costs: The cost of labor, including wages, benefits, and training, can impact the profitability of chocolate manufacturers. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028. - Influence and Effectiveness of Environmental Agencies The role of environment standards enforcement agencies is critical in safeguarding norms. - Government Regulations and Deregulations The government is adhering to all the rules and regulations under World Trade Organization norms. Table two below presents a PESTLE analysis for the industry Nestl are present . In 2000, 81% of U.S. adults consumed chocolate. Thus, disruption in the supply chain of raw materials . -Kew raw materials are sourced from local suppliers. The chocolate market was impacted by low sales volume due to the COVID-19 pandemic, including supply-side issues linked to quality and certification. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. Although the African government created an audit system to monitor child labor, its not easy to prosecute offenders offenders like the Hershey Company. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. - Securities Law What are the securities law in the country and what are the conditions to list the company on national or regional stock exchange.

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