pestle analysis chocolate industry

- Intellectual Property Rights and Patents Protection Before entering new market Chocolate Gourmet should focus on the environment for intellectual property rights. Chocolate in China: Enter the Sweet Chocolate Market PESTLE Analysis Food Industry United Kingdom (UK) Political Factors: " These factors determine the extent to which government and government policies can affect an organisation or a particular industry. 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 . Australia is one of the world's most advanced developed countries mainly because of the economical strengths. - Unrest within the Country & Chances of Civil Unrest We dont think that Chocolate Gourmet business operations are facing any dangers from any kind of civil unrest or internal militant operations in the country. Chocolate ingredients are more expensive. PESTLE Analysis of UK | Business Management & Marketing This will enable the Chocolate Hawkins to determine if required can it hire talent globally to work in that particular market. It is commonly used in desserts, confections, and as a flavouring ingredient in various foods. We will make special emphasis on Cadbury UK, as this is where the company originally began. It is an acronym for political, economic, social, technological, environmental and legal factors that shape the macro business environment. Market Overview 2023-2028: The India chocolate market size reached US$ 2.4 Billion in 2022. The remaining 35% of the chocolate industry was divided among Bourbon Corporation, Nestle S.A., Morinaga & Co, Fujiya, Kabaya Foods Corporation, and Cadbury. In 2000, 81% of U.S. adults consumed chocolate. Consumer consciousness regarding the health benefits of eating high-quality chocolate, which remains the key driver of the market. PESTLE Analysis: The Macro-Environmental Analysis Explained - Consulterce 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. PESTLE Analysis of Soap Industry in India, PESTEL Analysis of Starbucks in Philippines. Global Chocolate Market - Size, Outlook, Trends and Forecasts (2019 - 2025) This means less error in product development and packaging, possibly saving the company millions in expenses and product waste. Environmental regulations, such as those related to waste disposal and sustainable sourcing of cocoa and other ingredients. Available to download is a free sample file of the Chocolate Market report PDF. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of The Hershey Company. - 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. Chocolate Gourmet can borrow cheaply under such circumstances. Chocolate Industry Contents Titles 1. Those that cant afford it are also a problem because well, theyre not buying the chocolate. 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). Chocolate Gourmet can make strategies based on the stable political environment. SWOT Analysis of Mars - Mars incorporated SWOT analysis - Marketing91 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. One such act is called Shared Goodness; the company promises to keep communities, children, and the planet aligned with their business. Research Methodology 4. Nestle: Macro Environment and Micro Environment Analysis - Phdessay Chocolate Hawkins should be careful about the history of forex risk before entering new market. - Likelihood of Entering into an Armed Conflict From the information in the Note on the U.S. Chocolate Market case study, I dont think there is a likelihood of country entering into an armed conflict with a neighboring country. The PESTLE analysis is a concept first mentioned by Harvard Business School professor Francis J. Aguilar. PEST analysis.docx - World Cocoa Industry1 WORLD COCOA INDUSTRY Author PESTLE Analysis of Beverage Industry | Free PESTEL Analysis Note on the U.S. Chocolate Market case study (referred as Chocolate Gourmet for purpose of this article) is a Harvard Business School (HBR) case study covering topics such as Strategy & Execution and strategic management. Introduction 2. To them, Americans have the luxury of buying several premium chocolates. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. The PESTLE Analysis of Chocolate Confectionery in the UK - Studentshare 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. - Laws regarding Monopoly and Restrictive Trade Practices As a new player Chocolate Gourmet shouldnt be worried about the monopoly and restrictive trade practices law. Rocky Mountain Chocolate Factory, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Brexit: The UKs departure from the European Union may have an impact on the chocolate industry, such as changes in trade agreements and regulations. 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. The Hershey Company PESTEL & Environment Analysis KitKat PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. Product Positioning 15. 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. It speaks out against child labor and slave labor, while also using sustainable practices for the environment. This can help Chocolate Hawkins in numerous decisions such as plant location, product development, and pricing strategy. Pestle Analysis Of Cadbury - 1585 Words | Internet Public Library Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. Global Chocolate Market - offers growth, outlook, trends, shares, Industry Analysis, opportunities, Key Players Forecast 2019 to 2025 IND: (+91) 949418 5556 , USA: (+1) 408-915-5456 sales@envisioninteligence.com India Chocolate Market Share, Size, Industry Growth 2023-2028 - IMARC Group - Influence of Climate Change How climate change will impact Chocolate Gourmet business model and supply chain. - 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. View. Mars Incorporated PESTEL Analysis - Case48 Technological Factors that Impact Digital Chocolate - Empowerment of Supply Chain Partners Chocolate Hawkins should analyze areas where technology can empower supply chain partners. In 2008, the Schweppes brand was sold to the Dr Pepper Group, and in 2010, Cadbury was acquired by Kraft foods in the US. 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%. Being a specialty retailer of home dcor and gifts, their primary products are . In doing so, theyre committed to being more transparent about the ingredients. All Rights Reserved, Political factors: The politics and policies of chocolate, Economic factors: All problems, all the time, Social factors: A dedication to social responsibility and favor, then poor sales are obviously their fault, adopting new technology to create better treats, add this A.I technology to every one of their lines, the consumer pushback against their usage of the Ivory Coast (and potentially child labor), Twitter PESTLE Analysis: 6 Notable Factors Affecting the Social Network, How to Pursue a Career in Cybersecurity: 7 Professional Tips to Follow, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor. - 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. PESTLE analysis | Factsheets | CIPD At EMBA PRO, According to an estimate, her annual GDP was 1.375 trillion US dollars in 2020. The retail distribution of take-home and eat-later confectionery is basically done through two groups of channels, i.e. Intellectual property laws, such as those related to trademarks and patents for unique chocolate products or manufacturing processes. Major Players 8. Cadbury made diverse sorts of chocolates and different items which are sold in a few nations around the globe. - 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 PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. Ethical and sustainable sourcing: There is increasing concern among consumers about the environmental and social impact of chocolate production, including issues related to child labor, deforestation, and fair trade. Market share was divided among mass-market, gourmet, and cause-related manufacturers. The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Chocolate Gourmet. Restructuring of the European chocolate industry and its impact on cocoa production in West Africa. According to Michael Porter organizational performance is to large extend determined by various industry forces. Legal factors often govern conditions to enter the market, laws to operate in the market, and procedure to resolve any dispute with other stakeholders. Government support: Government policies and initiatives to support the growth and development of the food industry can benefit the chocolate industry in the UK. . 2012). For example Trump not standing by US commitments created an environment of uncertainty. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. Then with the blame game where everything was the culprit for poor sales in 2015. PESTLE analysis of chocolate industry in JAPAN. - WizEdu This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. By 2008, the company had expanded its operations into four countries and Digital Chocolate was one of the top developers of soloplayer games for standard mobile phones and iPhones. The political factors play a huge role in not only investment decision by transnational corporations but also by companies such as Chocolate Hawkins. 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. - 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. The market size for Switzerland Chocolate in 2021 was estimated at around USD 1.63 Bn. 5. As such, theyre looking to bring more good into the world by building thriving communities and becoming better stewards of the planet. 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. Analyze the Chocolate Hawkins external competitive environment to identify opportunities and threats. Full-text available. INTRODUCTION * Indian chocolates industry is growing at a rapidly18-20% per annum. Along with this, there are a few Environmental and Technological factors that contribute and influence the macro environment. - Cost of Production and Trends Chocolate Gourmet should assess - What are the cost of production trends in the economy and level of automatization. The Hershey Company is adopting new technology to create better treats. 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. As population is ageing it will require less tech intensive products. Lindt & Sprngli SWOT & PESTLE Analysis | SWOT & PESTLE Quality control: Advanced technology such as spectroscopy and X-ray analysis are used to improve the quality and consistency of chocolate products. - 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. The alcoholic beverage segment accounted for the largest share of the market in 2020, with beer being the most consumed alcoholic beverage worldwide. - Attitude towards Leisure Chocolate Hawkins should conduct an ethnographic research to understand both attitude towards leisure activities and choice of leisure activities. SWOT and PESTEL Analysis of Nestle - UKEssays.com Then they scorned the dollar. 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. Strategy planning process often requires five steps The first step in conducting a PESTEL analysis is to gain an understanding of the brand. PESTLE Analysis of Nestle in light of Industry 4.0 Political and Economic Forces Politcal Factor Sustainable Politics: PESTLE Analysis Industry-4.0 efforts in UK are politically driven, commitment from the top is a motivating factor for companies to adopt new practices. 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. It can enable Chocolate Hawkins to hire skilled workforce at competitive salaries. operates in a complex and dynamic environment characterized by regulatory changes, growing environmental activism . Market Segmentation 13. Attitude towards immigration has come under sharp focus. A SWOT analysis of handbags, A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis is a strategic planning tool used to evaluate the internal and external factors that can impact the success, Your email address will not be published. But its still a business at the end of the day; higher returns are most important for its survival. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. E - Economic. 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 . 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. (PDF) Pestle Analysis Introduction - ResearchGate Solutions. One way to start is by closely mapping the changes in consumer buying behavior and emerging value proposition. 2. The imposition of taxes is yet another political factor that will determine how Cadbury manages its investment and payment to shareholders. - 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. - Empowerment of Supply Chain Partners Chocolate Gourmet should analyze areas where technology can empower supply chain partners. PESTLE The SWOT analysis for Lindt & Sprngli is presented below in a table followed by the detailed analysis report. - 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. 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. If the legal system is not strong then Chocolate Hawkins can face numerous challenges from consumer petitions to shakedowns from authorities. Switzerland is one of the largest economies in the world. Of course, the format of the presentation barred us from discussing how the acquisition of Kraft Foods will affect company performance in the future. If they were to save money here, itd be a higher return. - Judiciary Independence In the matter of commercial and business decisions, judiciary of the country is independent to a large extent. Since then, chocolate and Cadbury have been part of the same sentence. The full-year net sales increased by 1 percent, even though the four-quarter net sales dropped by 1.6 percent. Strategy planning process often requires five steps Temperature greatly affects the condition of the licorice; too much heat makes it heavy, while too much cold makes the candy lighter. 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. But its cheaper to use than organic chocolate, which is pesticide-free, GMO-free, and synthetic fertilizers-free.