- Government Regulations and Deregulations The government is adhering to all the rules and regulations under World Trade Organization norms. Hi, We can write an analysis or assignment on any topic of your choice, PESTLE Analysis of Chocolate Industry in Uk. Article. As population is ageing it will require less tech intensive products. Show . 3. - Likelihood of Technology Disruption If the country is hub of technology companies then there is a high chance of technology disruption among various industries. SWOT analysis of Cadbury 12. In 2015, the company blamed American consumers for not buying more chocolate. View. MBA PESTEL : Note on the U.S. Chocolate Market PESTEL / PEST Analysis 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? 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. And even before that in 2007, Cadbury Schweppes decided to outsource a major portion of its accounting and HR to an Indian firm in the face of increasing operational expenses and reducing margins. According to Michael Porter organizational performance is to large extend determined by various industry forces. Managers at Chocolate Gourmet need to examine three inter-related environments in order to come up with an effective strategy. South Africa PESTLE Analysis & Macroeconomic Trends Market Research Report. "Tasting Empire: Chocolate and the European Internalization of Mesoamerican Aesthetics." The American Historical Review 111 (3):pp 660 Odijie, E.M., 2016. 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. 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. Often companies enter the arena without requisite infrastructure to support the technology oriented model. - Environmental Regulation Impacting Absolute Cost Advantage Dynamics in the Industry. Market-Analysis-ppt-Goya.pdf - INTERNATIONAL BUSINESS AND 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. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. But on the flip side it does increases both time and cost of doing business and getting certifications and clearances. 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. Secondly governments from all parties adhere to the treaties made by the previous governments. Add if theyre not, then poor sales are obviously their fault right? Indeed, retail sales of chocolate in the United States had experienced a steady increase in recent years. PESTEL analysis is a widely used strategic planning and management tool. The top corporate tax rates are . (DOC) BERRYL"S PESTEL ANALYSIS | Noorazian Noordin - Academia.edu Experience economy is one of the fastest growing segments both among millennials and among baby-boomers. Our Twitter PESTLE analysis highlights the external factors, like political, economic, social, and technological ones, Cybersecurity is an increasingly important field of work. Many US companies have incurred losses in Mexico in regular forex crisis in that country. Like with most food products, the major multiples have substantial buying power, and often buy directly from chocolate manufacturers. Hersheys has experienced a fair bit of controversy. - Fiscal and Monetary Policies The Republican government tax break culture has increased the deficit and it can lead to fiscal trouble for the economy in coming years. 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. Chocolate Market Analysis - Industry Report - Trends, Size & Share For internal factors, check out the swot analysis of the UK. - 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. Political factors: Government policies and regulations can have a significant impact on the confectionery industry. In highly hierarchical societies the power of decision making often reside at the top. 2. 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. Expert Solution. - Unrest within the Country & Chances of Civil Unrest We dont think that Chocolate Hawkins business operations are facing any dangers from any kind of civil unrest or internal militant operations in the country. PESTLE Analysis: The Macro-Environmental Analysis Explained - Consulterce PESTEL Analysis & Environment Analysis The PESTEL analysis is a tool devised by Harvard professor Francis Aguilar to conduct a thorough external analysis of the business environment of any industry for which data is available. - Political Governance System Based on the information provided in the Digital Chocolate case study, it seems that the country have a stable political system. - 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. Analyze the Chocolate Gourmet external competitive environment to identify opportunities and threats. PESTLE Analysis of Chocolate Industry in Uk - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Hawkins. Chocolate harvested from cocoa trees is susceptible to pests, diseases, and pesticide use. PESTEL analysis for the chocolate confectionery industry in Italy shows that there are 4 major factors impacting the overall market environment. Hersheys came under fire in 2011 for using cacao from Ivory Coasts in Africa. Chocolate Gourmet can make strategies based on the stable political environment. As an experiment, the company used a kiosk powered by Affectivas technology to encourage consumers to smile into the machine for a free sample. SWOT Analysis of Mars - Mars incorporated SWOT analysis - Marketing91 The snapshot of this . Whereas it will reach USD 2.11 Bn by 2029 with a significant growth rate of 3.28% Chocolate is a very popular and sweet, food item made from cocoa beans. Other factors may include regulations related to sustainability and greenhouse gas emissions, consumer demand for ethically and sustainably produced products, and the availability and cost of renewable energy sources. The PEST analysis looks at four types of external environmental elements: P -Political factors in an economy include various forms of government intervention and political lobbying, such as . Chocolate Gourmet should carefully analyze the attitude towards authority before launching a marketing campaign for its products and services. 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. Attitude towards immigration has come under sharp focus. - Foreign Exchange Rate Number of companies have incurred losses in past few years because of forex risk in Venezuela, Brazil, and Argentina. Published by HBR Publications. - 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. Dec 31, 2014 by PESTLEanalysis Contributor Cadbury is synonymous with chocolate consumption worldwide. Restructuring of the European chocolate industry and its impact on cocoa production in West Africa. Recent moves in this regard include the use of pathogen testing systems and filing patents for heat-resistant chocolate. 5. INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. Digital Chocolate case study PESTEL analysis includes macro environment factors that impact the overall business environment Political, Economic, Social, Technological, Environmental, and Legal factors. These factors are Political, Legal, Economic and Social. In one respect, Cadbury was born as a result of social factors. Introduction 2. For example, Value-added Tax rose by 2.5% in 2010 and increased chocolate prices and reduced sales. Environmental regulations, such as those related to waste disposal and sustainable sourcing of cocoa and other ingredients. 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. 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%. Perhaps it was also the consumers, who (according to Hershey) werent going to stores. Two giants dominated: Hershey's controlled 32.6% of the market and Mars had 29.6%. 2. PESTLE analysis. Full-text available. - Influence of Climate Change How climate change will impact Chocolate Hawkins business model and supply chain. Pestle Analysis Of Confectionery Industry Free Essay Example - PaperAp.com Cost Based Pricing could be a bad strategy under such conditions. 1. PESTLE Analysis of Nestle | Business Management & Marketing - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Gourmet should focus on the environment for intellectual property rights. - 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. As such, theyre looking to bring more good into the world by building thriving communities and becoming better stewards of the planet. Journal of Economic Geography, 1 (4), pp.405 Norton, Marcy. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. - Intellectual Property Rights Protection Chocolate Hawkins should assess the level of protection that intellectual property rights get under the legal system of the country. - Segregation of Political Responsibilities between Different Government Agencies There are numerous government agencies which reduces the risk of overwhelming pressure by one agency. The implication for Chocolate Gourmet is that it can boost sales of its product in short run but also expose Chocolate Gourmet to medium term forex and currency depreciation risks. Rocky Mountain Chocolate Factory, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. If the legal system is not strong then Chocolate Hawkins can face numerous challenges from consumer petitions to shakedowns from authorities. 2006. Required fields are marked *. For example Uber employment system is not consistent with French laws and it is facing challenges in the country. Know More Egypt SWOT Analysis This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for Egypt. 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. Cadbury made diverse sorts of chocolates and different items which are sold in a few nations around the globe. In Asia authority is respected while in west it is something to rebel against. An even better option is Fair Trade Chocolate. Government policies: Taxation, trade policies, and regulations can impact the cost of production and distribution of chocolate products, affecting the profitability of the industry. Higher inflation may require Chocolate Hawkins to continuously increase prices in line of inflation which could lead to lower levels brand loyalty and constant endeavors to manage costs. 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. Political environment and other factors not only impact the cost of doing business but also long term sustainability. 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. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. Chocolate in a Bloom 6. In-depth industry statistics and market share insights of the Chocolate Market sector for 2020, 2021, and 2022. Available to download is a free sample file of the Chocolate Market report PDF. In this PEST analysis of Cadbury, we saw how this leading chocolate company has dealt with external factors in the UK and in many other countries as well. - Integration of Technology into Society & Business Processes Uber failed in China because it tried to enter before smartphone were widespread in China. The company would benefit greatly by automating several elements of the supply chain. Chocolate Industry Analysis - UKEssays.com Many nutritionists recommend people to reduce their consumption of chocolate and candy, which is likely to affect Cadbury sales in the future. 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? Political environment and other factors not only impact the cost of doing business but also long term sustainability. 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.