pestle analysis chocolate industry
It speaks out against child labor and slave labor, while also using sustainable practices for the environment. Chocolate consumption in India is low per capita consumption in urban India is estimated Much of this gain in retail value could be attributed to a shift of U.S. consumers toward higher priced chocolates. - Acceptance of Mobile Payments and Fintech Services One of the areas where US are lacking behind China is Mobile Payments. - Data Protection Laws Chocolate Gourmet needs to assess what are the data laws in the country and what it needs to do to comply with them. It is important to note that the Chocolate Confections Corporation PESTEL Analysis will be market specific, and the implications of the factors change for a company when the market . The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. 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. With almost 1.4 billion Chinese inhabitants and a growing middle-class, it is a wonderful opportunity for brands to conquer and retain a wide audience. INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. 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. This is a decrease, compared to the growth of about 10.84% per year, registered in 2015-2019. - Cost of Production and Trends Chocolate Hawkins should assess - What are the cost of production trends in the economy and level of automatization. Although it took up aisle space, if it leads to creates even one sale, its worth the price to retailers and Hersheys. Industry Report.pdf - Chocolate Industry in Italy PESTEL Analysis of South Africa Market Research Reports Industry Analysis and Trends Secondly governments from all parties adhere to the treaties made by the previous governments. Then they scorned the dollar. All of this is rudimentary and basic, but playing the blame game doesnt leave a savory taste in consumers mouths. Market Segmentation 13. E - Environmental. 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. In fact, Cadbury was able to gain a 30% increase in its annual profits, predominantly from the sales of Dairy Milk and Trident. - International Trade & Other Treaties The country has a good record of adhering to international treaties it has done with various global partners. Hersheys current Company President and Chief Executive Officer, Michele Buck, has said the company will continue to invest in their core bands and build upon strategies to further drive growth. In each of these locations, the sales were weaker. This analysis is also performed to assess the potential of a new market. The next element to address in the PESTEL analysis of Switzerland is the economic environment. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. Chocolate Hawkins has stringent norms for health and safety norms so in emerging economies it may have to compete with players who dont have high cost structures that of Chocolate Hawkins. Global Chocolate Market Size & Share Analysis Report, 2030 View. Mass-market chocolatiers were defined as those selling chocolate at less than $10 per pound retail, whereas gourmet chocolatiers were defined as those selling chocolate at or more than $10 per pound retail. - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Hawkins. SWOT analysis of Amul Chocolates - Marketing91 This can help Chocolate Hawkins in numerous decisions such as plant location, product development, and pricing strategy. Developing strategies that can capitalize on Chocolate Hawkins strengths and help mitigate weaknesses and impact of threats of macro-environment. Save my name, email, and website in this browser for the next time I comment. PESTEL analysis is mainly the assessment of macro environment factors. . Environmental regulations, such as those related to waste disposal and sustainable sourcing of cocoa and other ingredients. Australia is one of the world's most advanced developed countries mainly because of the economical strengths. PEST analysis.docx - World Cocoa Industry1 WORLD COCOA INDUSTRY Author 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. India Chocolate Market Share, Size, Industry Growth 2023-2028 - IMARC Group . In one respect, Cadbury was born as a result of social factors. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Hawkins should focus on the environment for intellectual property rights. Chocolate Hawkins should build a strategy that can integrate societal values, infrastructure, and Chocolate Hawkins business model. This will enable the Chocolate Gourmet to determine if required can it hire talent globally to work in that particular market. Glenn Carroll, Greg Powell (2018), "Note on the U.S. Chocolate Market Harvard Business Review Case Study. - Gender Composition in Labor Market Chocolate Hawkins 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. 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. Chocolate industry Presentation - SlideShare * Cadbury 's occupy about 72% of the chocolate /confectionery market with Dairy Milk Five Star Perk Gems * The organized sector in chocolates constitutes 40%. 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. 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. Chocolate harvested from cocoa trees is susceptible to pests, diseases, and pesticide use. If they were to save money here, itd be a higher return. 3. 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. But often in emerging countries these agencies delay the process as a tactic to extract bribes. Pestle on chocolate industry in the uk Free Essays | Studymode - Recycle Policies What are the recycle policies in prospective market and how Chocolate Gourmet can adhere to those policies. Social factors such as demography trends, power structure in the society, women participation in workforce etc have immense impact over not only the country's economy but also on workforce talent availability and level of consumer demand. 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. Mars Incorporated PESTEL Analysis - Case48 Developing strategies that can capitalize on Chocolate Gourmet strengths and help mitigate weaknesses and impact of threats of macro-environment. Sep 2014. PEST/PESTLE Analysis - ACCT/FIN_420: Cannabis: Challenges and Psychographics and Demographics 14. Which dollar? Analyze the Chocolate Hawkins external competitive environment to identify opportunities and threats. Note on the U.S. Chocolate Market case study PESTEL analysis includes macro environment factors that impact the overall business environment Political, Economic, Social, Technological, Environmental, and Legal factors. There are four major factors identified to capsulate the different factors found from the different environmental influences. Legal factors often govern conditions to enter the market, laws to operate in the market, and procedure to resolve any dispute with other stakeholders. Pestle Analysis Korean Chocolate Industry - Term Paper Raw material prices: Fluctuations in the prices of cocoa, sugar, and other ingredients can affect the cost of production and ultimately the price of chocolate products. If possible, the company plans to add this A.I technology to every one of their lines. If other business units follow suit, this can result in a loss of hundreds of jobs across the globe. Pestle Analysis Of Confectionery Industry Free Essay Example - PaperAp.com 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. Liqueur Chocolate Market Size New Insights [2023-2027] | Share Analysis Feel free to connect with us if you need business research. Environmental factors are fast gaining traction not only among consumers but also among regulators and policy makers. PEST analysis is used to control the external factors of what happens outside the . U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. Trip Hawkins founded Digital Chocolate in Silicon Valley in 2003 to develop outstanding games for mobile devices. - 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. Lindt PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. Chocolate Mould Market Share, Size Global Growth Analysis, Trends, Industry Analysis, Key Players and Value,Opportunity Forecast to 2025 Posted o. Wednesday, 01 March 2023 08:34 GMT. Since then, the PESTLE analysis has become a popular strategic tool to assess the macro environment of organisations . multiple grocers and impulse retail channels. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. Digital Chocolate case study (referred as Chocolate Hawkins for purpose of this article) is a Harvard Business School (HBR) case study covering topics such as Organizational Development and strategic management. Technology is fast disrupting business models across various industries. Mostly the unusual macroeconomic winds and generic challenges caused sales problems. Chocolate Gourmet can borrow cheaply under such circumstances. South Africa PESTLE Analysis & Macroeconomic Trends Market Research Report. 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. Published by HBR Publications. This can help Chocolate Gourmet to bring in more transparency and make supply chain more flexible. For example as the population of USA and EU is growing old the demand for products mostly catering to this segment will grow. Solutions. 5. In Asia authority is respected while in west it is something to rebel against. 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. Some of the technology trends that are impacting the macro environment are developments in artificial intelligence, use of machine learning and big data analytics to predict consumer behavior, growing importance of platforms over service providers etc. PESTLE ANALYSIS TECHNOLOGICAL ANALYSIS The Goya chocolate has a global supply chain. Chocolate Gourmet should consider demographic trends before new product developments and integrate features that cater to this segment. S - Social. In 2002, growth in receipts outpaced volume gains for chocolate candy by 8.7 percentage points over the previous year. . Hersheys came under fire in 2011 for using cacao from Ivory Coasts in Africa. - Regulatory Practices - The regulatory practices are streamlined with global norms which have helped the country to improve its ease of doing business ranking. According to Jose Lopez, Nestle's Vice . But even then, recession did play its part as the company managed only to hit the lower end of its 4%-6% revenue for 2009, the peak of the recession. Chocolate Industry Analysis - UKEssays.com They include political policies and stability as well as trade, taxation and fiscal policies ". 988 Words4 Pages. For example Uber employment system is not consistent with French laws and it is facing challenges in the country. Being a specialty retailer of home dcor and gifts, their primary products are . Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. It is written by Linda A. Hill, Alison Berkley Wagonfeld and shed light on critical areas in field of Organizational Development, Creativity, Entrepreneurship, Leading teams, Product development that the protagonist in the case study is facing. 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 . Political environment and other factors not only impact the cost of doing business but also long term sustainability. Objective 3. Chocolate ingredients are more expensive. Major Players 8. 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. Market Overview 2023-2028: The India chocolate market size reached US$ 2.4 Billion in 2022. If youve ever enjoyed the classic Hersheys, Kit Kat, or Reeses Peanut Butter Cups, then youve been a consumer of the Hersheys Company. This lack of clarity and responsibility highlights the company's failure to take action despite having all the resources and power to reduce child labour. - Segregation of Political Responsibilities between Different Government Agencies There are numerous government agencies which reduces the risk of overwhelming pressure by one agency. PESTLE analysis of chocolate industry in JAPAN. - 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. GDP of Afghanistan in 2019 was 19,101 billion $. This is where the PESTEL analysis comes in handy as a useful tool for identifying the external factors that could affect the chocolate industry in the UK. Chocolate Hawkins needs to be careful about building marketing strategy that is dependent on Purchase on Credit consumer behavior. - 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. 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. 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. (DOC) BERRYL"S PESTEL ANALYSIS | Noorazian Noordin - Academia.edu These factors are Political, Legal, Economic and Social. Cadbury is synonymous with chocolate consumption worldwide. Pest analysis of chocolate industry Free Essays | Studymode Chocolate Gourmet can make strategies based on the stable political environment. Some of the political factors are governance system, democracy & institutions, military coup chances, probability of armed conflict, law and order in market etc. In addition, there are also concerns in the western world owing to rising cases of obesity, especially among children. One such act is called Shared Goodness; the company promises to keep communities, children, and the planet aligned with their business. The gender composition of labor market is a good indicator of disposal income of household, priorities of the households, and related needs. Net sales ($1,751.6 million) were an increase of 5.3 percent. The company has attempted to make amends by creating socially-conscious programs to help children in need. Choosing the vision, mission and the reason of existence for Chocolate Gourmet. - 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. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Gourmet should focus on the environment for intellectual property rights. Competition: The level of competition in the industry can affect pricing, marketing, and innovation, which can impact the profitability of individual companies. - Transparency & Digital Drive Chocolate Gourmet can use digitalization of various processes to overcome corruption in the local economy. 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. 4. Although the African government created an audit system to monitor child labor, its not easy to prosecute offenders offenders like the Hershey Company. - 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. - Nature of Social Contract between Government & Society Before entering into a market Chocolate Gourmet needs to understand the nature of social contract between government and society. - 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. 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. 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. PESTLE Analysis for Cannabis Startups PESTLE is the acronym for a framework which analyzes the Political, Economic, Social, Technological, Legislative, and Environmental (mostly in the ecological sense) factors that have direct and indirect impacts on a business. 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. Cadbury 11. (PDF) A CONTEMPORARY APPROACH FOR STRATEGIC MANAGEMENT - ResearchGate Some of the technology trends that are impacting the macro environment are developments in artificial intelligence, use of machine learning and big data analytics to predict consumer behavior, growing importance of platforms over service providers etc. Chocolate Hawkins has to assess whether it can live with the fast pace of technology disruption in its industry. - 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. It factors in temperature, rotations, pressure, and other necessary measurements to make the perfect candy. This analysis helps businesses to make informed decisions and take advantage of opportunities while mitigating potential risks. Thus significantly impacting the ability of Chocolate Hawkins to build sustainable competitive advantage
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It speaks out against child labor and slave labor, while also using sustainable practices for the environment. Chocolate consumption in India is low per capita consumption in urban India is estimated Much of this gain in retail value could be attributed to a shift of U.S. consumers toward higher priced chocolates. - Acceptance of Mobile Payments and Fintech Services One of the areas where US are lacking behind China is Mobile Payments. - Data Protection Laws Chocolate Gourmet needs to assess what are the data laws in the country and what it needs to do to comply with them. It is important to note that the Chocolate Confections Corporation PESTEL Analysis will be market specific, and the implications of the factors change for a company when the market . The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. 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. With almost 1.4 billion Chinese inhabitants and a growing middle-class, it is a wonderful opportunity for brands to conquer and retain a wide audience. INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. 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. This is a decrease, compared to the growth of about 10.84% per year, registered in 2015-2019. - Cost of Production and Trends Chocolate Hawkins should assess - What are the cost of production trends in the economy and level of automatization. Although it took up aisle space, if it leads to creates even one sale, its worth the price to retailers and Hersheys. Industry Report.pdf - Chocolate Industry in Italy PESTEL Analysis of South Africa Market Research Reports Industry Analysis and Trends Secondly governments from all parties adhere to the treaties made by the previous governments. Then they scorned the dollar. All of this is rudimentary and basic, but playing the blame game doesnt leave a savory taste in consumers mouths. Market Segmentation 13. E - Environmental. 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. In fact, Cadbury was able to gain a 30% increase in its annual profits, predominantly from the sales of Dairy Milk and Trident. - International Trade & Other Treaties The country has a good record of adhering to international treaties it has done with various global partners. Hersheys current Company President and Chief Executive Officer, Michele Buck, has said the company will continue to invest in their core bands and build upon strategies to further drive growth. In each of these locations, the sales were weaker. This analysis is also performed to assess the potential of a new market. The next element to address in the PESTEL analysis of Switzerland is the economic environment. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. Chocolate Hawkins has stringent norms for health and safety norms so in emerging economies it may have to compete with players who dont have high cost structures that of Chocolate Hawkins. Global Chocolate Market Size & Share Analysis Report, 2030 View. Mass-market chocolatiers were defined as those selling chocolate at less than $10 per pound retail, whereas gourmet chocolatiers were defined as those selling chocolate at or more than $10 per pound retail. - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Hawkins. SWOT analysis of Amul Chocolates - Marketing91 This can help Chocolate Hawkins in numerous decisions such as plant location, product development, and pricing strategy. Developing strategies that can capitalize on Chocolate Hawkins strengths and help mitigate weaknesses and impact of threats of macro-environment. Save my name, email, and website in this browser for the next time I comment. PESTEL analysis is mainly the assessment of macro environment factors. . Environmental regulations, such as those related to waste disposal and sustainable sourcing of cocoa and other ingredients. Australia is one of the world's most advanced developed countries mainly because of the economical strengths. PEST analysis.docx - World Cocoa Industry1 WORLD COCOA INDUSTRY Author 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. India Chocolate Market Share, Size, Industry Growth 2023-2028 - IMARC Group . In one respect, Cadbury was born as a result of social factors. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Hawkins should focus on the environment for intellectual property rights. Chocolate Hawkins should build a strategy that can integrate societal values, infrastructure, and Chocolate Hawkins business model. This will enable the Chocolate Gourmet to determine if required can it hire talent globally to work in that particular market. Glenn Carroll, Greg Powell (2018), "Note on the U.S. Chocolate Market Harvard Business Review Case Study. - Gender Composition in Labor Market Chocolate Hawkins 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. 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. Chocolate industry Presentation - SlideShare * Cadbury 's occupy about 72% of the chocolate /confectionery market with Dairy Milk Five Star Perk Gems * The organized sector in chocolates constitutes 40%. 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. 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. Chocolate harvested from cocoa trees is susceptible to pests, diseases, and pesticide use. If they were to save money here, itd be a higher return. 3. 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. But often in emerging countries these agencies delay the process as a tactic to extract bribes. Pestle on chocolate industry in the uk Free Essays | Studymode - Recycle Policies What are the recycle policies in prospective market and how Chocolate Gourmet can adhere to those policies. Social factors such as demography trends, power structure in the society, women participation in workforce etc have immense impact over not only the country's economy but also on workforce talent availability and level of consumer demand. 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. Mars Incorporated PESTEL Analysis - Case48 Developing strategies that can capitalize on Chocolate Gourmet strengths and help mitigate weaknesses and impact of threats of macro-environment. Sep 2014. PEST/PESTLE Analysis - ACCT/FIN_420: Cannabis: Challenges and Psychographics and Demographics 14. Which dollar? Analyze the Chocolate Hawkins external competitive environment to identify opportunities and threats. Note on the U.S. Chocolate Market case study PESTEL analysis includes macro environment factors that impact the overall business environment Political, Economic, Social, Technological, Environmental, and Legal factors. There are four major factors identified to capsulate the different factors found from the different environmental influences. Legal factors often govern conditions to enter the market, laws to operate in the market, and procedure to resolve any dispute with other stakeholders. Pestle Analysis Korean Chocolate Industry - Term Paper Raw material prices: Fluctuations in the prices of cocoa, sugar, and other ingredients can affect the cost of production and ultimately the price of chocolate products. If possible, the company plans to add this A.I technology to every one of their lines. If other business units follow suit, this can result in a loss of hundreds of jobs across the globe. Pestle Analysis Of Confectionery Industry Free Essay Example - PaperAp.com 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. Liqueur Chocolate Market Size New Insights [2023-2027] | Share Analysis Feel free to connect with us if you need business research. Environmental factors are fast gaining traction not only among consumers but also among regulators and policy makers. PEST analysis is used to control the external factors of what happens outside the . U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. Trip Hawkins founded Digital Chocolate in Silicon Valley in 2003 to develop outstanding games for mobile devices. - 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. Lindt PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. Chocolate Mould Market Share, Size Global Growth Analysis, Trends, Industry Analysis, Key Players and Value,Opportunity Forecast to 2025 Posted o. Wednesday, 01 March 2023 08:34 GMT. Since then, the PESTLE analysis has become a popular strategic tool to assess the macro environment of organisations . multiple grocers and impulse retail channels. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. Digital Chocolate case study (referred as Chocolate Hawkins for purpose of this article) is a Harvard Business School (HBR) case study covering topics such as Organizational Development and strategic management. Technology is fast disrupting business models across various industries. Mostly the unusual macroeconomic winds and generic challenges caused sales problems. Chocolate Gourmet can borrow cheaply under such circumstances. South Africa PESTLE Analysis & Macroeconomic Trends Market Research Report. 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. Published by HBR Publications. This can help Chocolate Gourmet to bring in more transparency and make supply chain more flexible. For example as the population of USA and EU is growing old the demand for products mostly catering to this segment will grow. Solutions. 5. In Asia authority is respected while in west it is something to rebel against. 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. Some of the technology trends that are impacting the macro environment are developments in artificial intelligence, use of machine learning and big data analytics to predict consumer behavior, growing importance of platforms over service providers etc. PESTLE ANALYSIS TECHNOLOGICAL ANALYSIS The Goya chocolate has a global supply chain. Chocolate Gourmet should consider demographic trends before new product developments and integrate features that cater to this segment. S - Social. In 2002, growth in receipts outpaced volume gains for chocolate candy by 8.7 percentage points over the previous year. . Hersheys came under fire in 2011 for using cacao from Ivory Coasts in Africa. - Regulatory Practices - The regulatory practices are streamlined with global norms which have helped the country to improve its ease of doing business ranking. According to Jose Lopez, Nestle's Vice . But even then, recession did play its part as the company managed only to hit the lower end of its 4%-6% revenue for 2009, the peak of the recession. Chocolate Industry Analysis - UKEssays.com They include political policies and stability as well as trade, taxation and fiscal policies ". 988 Words4 Pages. For example Uber employment system is not consistent with French laws and it is facing challenges in the country. Being a specialty retailer of home dcor and gifts, their primary products are . Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. It is written by Linda A. Hill, Alison Berkley Wagonfeld and shed light on critical areas in field of Organizational Development, Creativity, Entrepreneurship, Leading teams, Product development that the protagonist in the case study is facing. 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 . Political environment and other factors not only impact the cost of doing business but also long term sustainability. Objective 3. Chocolate ingredients are more expensive. Major Players 8. 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. Market Overview 2023-2028: The India chocolate market size reached US$ 2.4 Billion in 2022. If youve ever enjoyed the classic Hersheys, Kit Kat, or Reeses Peanut Butter Cups, then youve been a consumer of the Hersheys Company. This lack of clarity and responsibility highlights the company's failure to take action despite having all the resources and power to reduce child labour. - Segregation of Political Responsibilities between Different Government Agencies There are numerous government agencies which reduces the risk of overwhelming pressure by one agency. PESTLE analysis of chocolate industry in JAPAN. - 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. GDP of Afghanistan in 2019 was 19,101 billion $. This is where the PESTEL analysis comes in handy as a useful tool for identifying the external factors that could affect the chocolate industry in the UK. Chocolate Hawkins needs to be careful about building marketing strategy that is dependent on Purchase on Credit consumer behavior. - 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. 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. 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. (DOC) BERRYL"S PESTEL ANALYSIS | Noorazian Noordin - Academia.edu These factors are Political, Legal, Economic and Social. Cadbury is synonymous with chocolate consumption worldwide. Pest analysis of chocolate industry Free Essays | Studymode Chocolate Gourmet can make strategies based on the stable political environment. Some of the political factors are governance system, democracy & institutions, military coup chances, probability of armed conflict, law and order in market etc. In addition, there are also concerns in the western world owing to rising cases of obesity, especially among children. One such act is called Shared Goodness; the company promises to keep communities, children, and the planet aligned with their business. The gender composition of labor market is a good indicator of disposal income of household, priorities of the households, and related needs. Net sales ($1,751.6 million) were an increase of 5.3 percent. The company has attempted to make amends by creating socially-conscious programs to help children in need. Choosing the vision, mission and the reason of existence for Chocolate Gourmet. - 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. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Gourmet should focus on the environment for intellectual property rights. Competition: The level of competition in the industry can affect pricing, marketing, and innovation, which can impact the profitability of individual companies. - Transparency & Digital Drive Chocolate Gourmet can use digitalization of various processes to overcome corruption in the local economy. 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. 4. Although the African government created an audit system to monitor child labor, its not easy to prosecute offenders offenders like the Hershey Company. - 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. - Nature of Social Contract between Government & Society Before entering into a market Chocolate Gourmet needs to understand the nature of social contract between government and society. - 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. 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. 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. PESTLE Analysis for Cannabis Startups PESTLE is the acronym for a framework which analyzes the Political, Economic, Social, Technological, Legislative, and Environmental (mostly in the ecological sense) factors that have direct and indirect impacts on a business. 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. Cadbury 11. (PDF) A CONTEMPORARY APPROACH FOR STRATEGIC MANAGEMENT - ResearchGate Some of the technology trends that are impacting the macro environment are developments in artificial intelligence, use of machine learning and big data analytics to predict consumer behavior, growing importance of platforms over service providers etc. Chocolate Hawkins has to assess whether it can live with the fast pace of technology disruption in its industry. - 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. It factors in temperature, rotations, pressure, and other necessary measurements to make the perfect candy. This analysis helps businesses to make informed decisions and take advantage of opportunities while mitigating potential risks. Thus significantly impacting the ability of Chocolate Hawkins to build sustainable competitive advantage