pestle analysis chocolate industry

As population is ageing it will require less tech intensive products. Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. There are four major factors identified to capsulate the different factors found from the different environmental influences. The gender composition of labor market is a good indicator of disposal income of household, priorities of the households, and related needs. The bond rating of national government is investment grade. Its GDP in 2019 was $703.8 billion that represented 0.58% of the world economy (Trading Economics, 2020). In highly hierarchical societies the power of decision making often reside at the top. Competition: The level of competition in the industry can affect pricing, marketing, and innovation, which can impact the profitability of individual companies. 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. Its installed specifically for their Twizzler candies. 3. Cadbury is synonymous with chocolate consumption worldwide. The following is a PEST analysis of Cadbury which also will help to shed light on various external factors that affect the chocolate industry. 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. According to the Central Statistics Office, the share of agriculture was 78%, services 16%, and industry 6% in GDP. Taxation: Changes in tax policies, such as changes in VAT or sugar taxes, can affect the prices of chocolate products and consumer demand. - 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. - 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. Chocolate Gourmet can leverage this trend by expanding its product range and targeting new customers. This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. - Research and Development Investment Levels If there is high level of investment in technology development sector then there are high chances of building a self sustaining ecosystem that drives innovation. Thus, disruption in the supply chain of raw materials . - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. Trip Hawkins founded Digital Chocolate in Silicon Valley in 2003 to develop outstanding games for mobile devices. PESTLE analysis of chocolate industry in JAPAN. Trade policies and agreements, such as those related to tariffs and quotas on imported ingredients or finished products. 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. Our Twitter PESTLE analysis highlights the external factors, like political, economic, social, and technological ones, Cybersecurity is an increasingly important field of work. - 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. 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. Sales were down only slightly, and the CEO John Bilbrey, as well as CFO Patricia Little, blamed everything for it. In one respect, Cadbury was born as a result of social factors. - 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. Thus significantly impacting the ability of Chocolate Gourmet to build sustainable competitive advantage There is consistency in both policy making and implementations of those policies. However, the stringent restrictions on the entry of skilled workers from rest of Europe can affect Cadburys hiring decisions in the future. The market size for Switzerland Chocolate in 2021 was estimated at around USD 1.63 Bn. 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. Hi, We can write an analysis or assignment on any topic of your choice, PESTLE Analysis of Chocolate Industry in Uk. - Focus & Spending on Renewable Technologies How much of the budget is spend on renewable energy sources and how Chocolate Gourmet can make this investment as part of its competitive strategy. Journal of Economic Geography, 1 (4), pp.405 Norton, Marcy. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. - 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 alcoholic beverage segment accounted for the largest share of the market in 2020, with beer being the most consumed alcoholic beverage worldwide. Hersheys also adopted technology to move people further down the grocery aisle. - 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. - Laws regarding Monopoly and Restrictive Trade Practices As a new player Chocolate Gourmet shouldnt be worried about the monopoly and restrictive trade practices law. 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. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. Some of the economic factors that Chocolate Gourmet 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. PESTEL analysis for the chocolate confectionery industry in Italy shows that there are 4 major factors impacting the overall market environment. 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. It would focus on the macro-environmental factors that impact her growth and productivity. Managers at Chocolate Gourmet need to examine three inter-related environments in order to come up with an effective strategy. The use and consumption of raw organic chocolate are growing in popularity in the raw food and vegan scenes. Attitude towards immigration has come under sharp focus. Analyze Strengths and Weaknesses of Chocolate Hawkins. Switzerland is one of the largest economies in the world. Some social factors that may affect the chocolate industry in the UK include: Changing consumer preferences: Consumers in the UK are becoming more health-conscious and may seek out lower-calorie or healthier chocolate products. Choosing the vision, mission and the reason of existence for Chocolate Hawkins. Amul 9. 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. The first step in conducting a PESTEL analysis is to gain an understanding of the brand. Amul Chocolates is a product category of the milk company Amul which is the brand name for the Gujarat Cooperative Milk Marketing Federation. * Cadbury 's occupy about 72% of the chocolate /confectionery market with Dairy Milk Five Star Perk Gems * The organized sector in chocolates constitutes 40%. The PESTLE analysis is a concept first mentioned by Harvard Business School professor Francis J. Aguilar. The American, Brazilian and Chinese dollars. 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. Market share was divided among mass-market, gourmet, and cause-related manufacturers. Chocolate Industry in India 7. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Rocky Mountain Chocolate Factory, Inc.. Today, we'll study the pestle analysis of UK. - Integration of Technology into Society & Business Processes Uber failed in China because it tried to enter before smartphone were widespread in China. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. 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. Analyze the Chocolate Gourmet external competitive environment to identify opportunities and threats. 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. 5. According to an estimate, her annual GDP was 1.375 trillion US dollars in 2020. Rocky Mountain Chocolate Factory, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Many US companies have incurred losses in Mexico in regular forex crisis in that country. Chocolate Hawkins 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 Hawkins can face. This can help Chocolate Hawkins in numerous decisions such as plant location, product development, and pricing strategy. Chocolate Hawkins should be careful about the history of forex risk before entering new market. - 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. - E-Commerce & Related Infrastructure Development As E-Commerce is critical for Chocolate Hawkins business model. Report Overview The global chocolate market size was estimated at USD 113.16 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030. - 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. This is an out-of-the-box usage of technology that hands Hersheys a competitive advantage. According to Michael Porter organizational performance is to large extend determined by various industry forces. - Influence of Climate Change How climate change will impact Chocolate Gourmet business model and supply chain. Lindt PESTLE Analysis By last estimates, the 8 Cadbury factories in the UK had employed 3,000 workers. If the legal system is not strong then Chocolate Hawkins can face numerous challenges from consumer petitions to shakedowns from authorities. Since then, the PESTLE analysis has become a popular strategic tool to assess the macro environment of organisations . S - Social. In Asia authority is respected while in west it is something to rebel against. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. Hersheys has dedicated commitments in social responsibility. This will enable the Chocolate Gourmet to determine if required can it hire talent globally to work in that particular market. Technology is fast disrupting business models across various industries. Hersheys came under fire in 2011 for using cacao from Ivory Coasts in Africa. Foreign currency exchange rates were insignificant in the second quarter. PESTEL analysis is mainly the assessment of macro environment factors. Some of the economic factors that affect the chocolate industry in the UK include: Consumer demand: Changes in consumer preferences and tastes can affect the demand for chocolate products, which can impact the industrys profitability. This can help Chocolate Gourmet to bring in more transparency and make supply chain more flexible. INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. environmental. It will help Chocolate Gourmet in both developing environmentally friendly products and thwarting PR stumble blocks. Recommended: How to write a PEST analysis. Legal factors often govern conditions to enter the market, laws to operate in the market, and procedure to resolve any dispute with other stakeholders. Restructuring of the European chocolate industry and its impact on cocoa production in West Africa. Chocolate Hawkins can make strategies based on the stable political environment. Major Players 8. - Nature of Social Contract between Government & Society Before entering into a market Chocolate Hawkins needs to understand the nature of social contract between government and society. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. Mars Incorporated. 3. The PEST Analysis is quite similar to that of the SWOT analysis (Srdjevic et al. According to Michael Porter organizational performance is to large extend determined by various industry forces. In fact, Cadbury was able to gain a 30% increase in its annual profits, predominantly from the sales of Dairy Milk and Trident. Which dollar? - Environmental Regulation Impacting Absolute Cost Advantage Dynamics in the Industry. . Two giants dominated: Hershey's controlled 32.6% of the market and Mars had 29.6%. 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. Free Summary Report This report contains the table contents only. Know More - Focus & Spending on Renewable Technologies How much of the budget is spend on renewable energy sources and how Chocolate Hawkins can make this investment as part of its competitive strategy. multiple grocers and impulse retail channels. Political environment and other factors not only impact the cost of doing business but also long term sustainability. Definition of PESTEL / PEST / STEP Analysis. Digital Chocolate case study PESTEL analysis includes macro environment factors that impact the overall business environment Political, Economic, Social, Technological, Environmental, and Legal factors. Government support: Government policies and initiatives to support the growth and development of the food industry can benefit the chocolate industry in the UK. 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. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. 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. 5. Product Positioning 15. In 2002, growth in receipts outpaced volume gains for chocolate candy by 8.7 percentage points over the previous year. In 2008, the Schweppes brand was sold to the Dr Pepper Group, and in 2010, Cadbury was acquired by Kraft foods in the US. - Level of Household Income and Savings Rate Increasing consumption and stagnant household income in United States had led to credit binge consumption.

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