Pestle Analysis Korean Chocolate Industry - Term Paper - 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. Cadbury is synonymous with chocolate consumption worldwide. MBA PESTEL : Note on the U.S. Chocolate Market PESTEL / PEST Analysis The first Cadbury shop was opened in . The Hersheys Company is the largest chocolate manufacturer in North America and yet theyve hit major setbacks both politically and economically. Perhaps it was also the consumers, who (according to Hershey) werent going to stores. Some of the political factors are governance system, democracy & institutions, military coup chances, probability of armed conflict, law and order in market etc. - Cost of Production and Trends Chocolate Hawkins should assess - What are the cost of production trends in the economy and level of automatization. Along with this, there are a few Environmental and Technological factors that contribute and influence the macro environment. They're advanced in telecommunications yet follow a patriarchal family system. - Level of Acceptance of Technology in the Society Chocolate Hawkins has to figure out the level of technology acceptance in the society before launching new products. According to Michael Porter organizational performance is to large extend determined by various industry forces. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. Objective 3. * Cadbury 's occupy about 72% of the chocolate /confectionery market with Dairy Milk Five Star Perk Gems * The organized sector in chocolates constitutes 40%. 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. It first sold its items in United States in 1905. This will enable the Chocolate Hawkins to determine if required can it hire talent globally to work in that particular market. 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 . If the legal system is not strong then Chocolate Hawkins can face numerous challenges from consumer petitions to shakedowns from authorities. Finally, technology has changed Cadburys production and packing process over the years, starting with the introduction of new brew machines to blend coffee and cocoa gains. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Hawkins should focus on the environment for intellectual property rights. - 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. 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. -Efforts to reduce consumption of water and energy and optimize transport routes. Intellectual property laws, such as those related to trademarks and patents for unique chocolate products or manufacturing processes. Our Twitter PESTLE analysis highlights the external factors, like political, economic, social, and technological ones, Cybersecurity is an increasingly important field of work. In-depth industry statistics and market share insights of the Chocolate Market sector for 2020, 2021, and 2022. 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%. Chocolate Gourmet can borrow cheaply under such circumstances. 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. Many nutritionists recommend people to reduce their consumption of chocolate and candy, which is likely to affect Cadbury sales in the future. - 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. 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. Chocolate Hawkins needs to be careful about building marketing strategy that is dependent on Purchase on Credit consumer behavior. South Africa Market Research Reports Industry Analysis and Trends - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. SWOT Analysis of Mars - Mars incorporated SWOT analysis - Marketing91 The political factors play a huge role in not only investment decision by transnational corporations but also by companies such as Chocolate Hawkins. The use and consumption of raw organic chocolate are growing in popularity in the raw food and vegan scenes. Chocolate Gourmet should consider demographic trends before new product developments and integrate features that cater to this segment. Often companies enter the arena without requisite infrastructure to support the technology oriented model. 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. Mars Incorporated PESTEL Analysis - Case48 For launching a new product we use PESTLE or SWOT strategies and let us Consider that we are launching a new chocolate product . Chocolate Gourmet 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 Gourmet can face. - 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. The Hershey Company is adopting new technology to create better treats. Thus, disruption in the supply chain of raw materials . Analyze Strengths and Weaknesses of Chocolate Gourmet. The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Chocolate Gourmet. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. The following is a PEST analysis of Cadbury which also will help to shed light on various external factors that affect the chocolate industry. Chocolate Hawkins should build a strategy that can integrate societal values, infrastructure, and Chocolate Hawkins business model. As an experiment, the company used a kiosk powered by Affectivas technology to encourage consumers to smile into the machine for a free sample. 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. Luckily for the company, things turned around in the first two quarters of 2018. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. 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 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. 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. Two giants dominated: Hershey's controlled 32.6% of the market and Mars had 29.6%. Analyze Strengths and Weaknesses of Chocolate Hawkins. - Acceptance of Mobile Payments and Fintech Services One of the areas where US are lacking behind China is Mobile Payments. You can download Excel Template of PESTEL / PEST / STEP Analysis & Solution of Note on the U.S. Chocolate Market, Copyright Executive MBA Pro Resources 2022, BCG Matrix / Growth Share Matrix Analysis, Case Study Solution & Analysis of Note on the U.S. Chocolate Market, SWOT Analysis of Note on the U.S. Chocolate Market, 5C Marketing Analysis of Note on the U.S. Chocolate Market, 4P Marketing Analysis of Note on the U.S. Chocolate Market, Porter Five Forces Analysis and Solution of Note on the U.S. Chocolate Market, Porter Value Chain Analysis and Solution of Note on the U.S. Chocolate Market, Case Memo & Recommendation Memo of Note on the U.S. Chocolate Market, Blue Ocean Analysis and Solution of Note on the U.S. Chocolate Market, Marketing Strategy and Analysis Note on the U.S. Chocolate Market, VRIO /VRIN Analysis & Solution of Note on the U.S. Chocolate Market, PESTEL / STEP / PEST Analysis of Note on the U.S. Chocolate Market, Case Study Solution of Note on the U.S. Chocolate Market, SWOT Analysis and Solution of Note on the U.S. Chocolate Market, Kirin Brewery Co., Ltd.: The Dry Beer War PESTEL / PEST / STEP Analysis & Solution, Monsanto and Genetically Modified Organisms PESTEL / PEST / STEP Analysis & Solution, Cola Wars Continue: Coke and Pepsi in 2006 PESTEL / PEST / STEP Analysis & Solution, Bitter Competition: The Holland Sweetener Co. vs. NutraSweet (G) PESTEL / PEST / STEP Analysis & Solution, Coca-Cola FEMSA's Contribution to Peace PESTEL / PEST / STEP Analysis & Solution, Vincor and the New World of Wine PESTEL / PEST / STEP Analysis & Solution, Arcor: Global Strategy and Local Turbulence (Abridged) PESTEL / PEST / STEP Analysis & Solution, Marks and Spencer Ltd. (A) PESTEL / PEST / STEP Analysis & Solution, PepsiCo: The Challenge of Growth Through Innovation PESTEL / PEST / STEP Analysis & Solution, Adam Baxter Co./Local 190: 1985 Negotiation, Local 190 Confidential Information PESTEL / PEST / STEP Analysis & Solution. The gourmet category was expected to grow as consumers incorporated more expensive gourmet foods into their diets, a trend beginning with the beer, wine, coffee, cheese, and ice cream industries. Recommended: How to write a PEST analysis. 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. - 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 Hawkins should carefully analyze the attitude towards authority before launching a marketing campaign for its products and services. Strategy planning process often requires five steps 1 . Know More Egypt SWOT Analysis This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for Egypt. PEST analysis of Afghanistan In each of these locations, the sales were weaker. - Segregation of Political Responsibilities between Different Government Agencies There are numerous government agencies which reduces the risk of overwhelming pressure by one agency. First with the consumer pushback against their usage of the Ivory Coast (and potentially child labor). The PESTLE Analysis of Chocolate Confectionery in the UK - Studentshare Sales were down only slightly, and the CEO John Bilbrey, as well as CFO Patricia Little, blamed everything for it. Hersheys has dedicated commitments in social responsibility. Chocolate Gourmet can leverage such a situation to hire the best people in business. But its cheaper to use than organic chocolate, which is pesticide-free, GMO-free, and synthetic fertilizers-free. U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. Show . South Africa PESTLE Analysis & Macroeconomic Trends Market Research Report. Government policies: Taxation, trade policies, and regulations can impact the cost of production and distribution of chocolate products, affecting the profitability of the industry. - 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. Technology is fast disrupting business models across various industries. - Laws regarding Monopoly and Restrictive Trade Practices As a new player Chocolate Gourmet shouldnt be worried about the monopoly and restrictive trade practices law. The Hershey Company PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Chocolate Hawkins can leverage this trend to expand the market beyond its traditional customers by employing a differentiated marketing campaign. Chocolate Hawkins should have capabilities to navigate under this hyper sensitive environment. PEST is an acronym that stands for Political, Economic, Socio-cultural and Technological. Examples Of Pestle Analysis Of The Philippines - 1354 Words | Bartleby The PESTLE analysis is a concept first mentioned by Harvard Business School professor Francis J. Aguilar. This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. GDP of Afghanistan in 2019 was 19,101 billion $. It is also imperative to use technology to create competitive advantage in the industry. - E-Commerce & Related Infrastructure Development As E-Commerce is critical for Chocolate Hawkins business model. If possible, the company plans to add this A.I technology to every one of their lines. This means less error in product development and packaging, possibly saving the company millions in expenses and product waste. 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. Taxation: Changes in tax policies, such as changes in VAT or sugar taxes, can affect the prices of chocolate products and consumer demand. A SWOT analysis is a tool used to evaluate the strengths, weaknesses, opportunities, and threats of a business or product. Analyze the Chocolate Gourmet external competitive environment to identify opportunities and threats. One such act is called Shared Goodness; the company promises to keep communities, children, and the planet aligned with their business. In highly hierarchical societies the power of decision making often reside at the top. The top corporate tax rates are . PESTLE Analysis of Beverage Industry | Free PESTEL Analysis The American, Brazilian and Chinese dollars. - 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. Macro Environment Analysis: PEST Analysis: Order custom essay Nestle: Macro Environment and Micro Environment Analysis with free plagiarism report GET ORIGINAL PAPER. Opening shop in the early 19 th century, Cadbury has emerged as a global brand with factories and offices the United Kingdom and North America, and a notable presence in Asia and Africa as well. Strengthening of democratic institution will foster greater transparency and reduce the level of corruption in the country. Business Analysis: Kirkland - 988 Words | Internet Public Library The bond rating of national government is investment grade. - 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. And while Dairy Milk chocolate and Trident Gum sold well, other brands like Halls also saw a rise in their annual sales. This is a decrease, compared to the growth of about 10.84% per year, registered in 2015-2019. 5. Secondly governments from all parties adhere to the treaties made by the previous governments. 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. The first step in conducting a PESTEL analysis is to gain an understanding of the brand. - Empowerment of Supply Chain Partners Chocolate Gourmet should analyze areas where technology can empower supply chain partners. The gender composition of labor market is a good indicator of disposal income of household, priorities of the households, and related needs. As population is ageing it will require less tech intensive products. 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. Industry Report.pdf - Chocolate Industry in Italy PESTEL Analysis of 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. The company would benefit greatly by automating several elements of the supply chain. Our Twitter PESTLE analysis highlights the external factors, like political, economic, social, and technological ones, Cybersecurity is an increasingly important field of work. Economic Status. - Judiciary Independence In the matter of commercial and business decisions, judiciary of the country is independent to a large extent. INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. Full-text available. - 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. Restructuring of the European chocolate industry and its impact on cocoa production in West Africa. Product Positioning 15. 2006. Cultural norms: Chocolate is often associated with indulgence and gift-giving in UK culture, which may impact consumption patterns and marketing strategies. Chocolate ingredients are more expensive. Packaging: There is a growing demand for sustainable and eco-friendly packaging solutions, which has led to the development of new technology for biodegradable or compostable packaging materials. Research Methodology 4. In 2008, the Schweppes brand was sold to the Dr Pepper Group, and in 2010, Cadbury was acquired by Kraft foods in the US. 1. In highly hierarchical societies the power of decision making often reside at the top. Table two below presents a PESTLE analysis for the industry Nestl are present . 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. If they were to save money here, itd be a higher return. And to also use simpler ingredients for planet sustainability. What Is a PESTLE Analysis? Factors, Examples and Uses