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The imposition of taxes is yet another political factor that will determine how Cadbury manages its investment and payment to shareholders. Chocolate Gourmet should be aware of presence of such practices in a country. This will help in better predicting the environment policy of the country. 4. PESTLE Analysis Food Industry United Kingdom (UK) For launching a new product we use PESTLE or SWOT strategies and let us Consider that we are launching a new chocolate product . The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Chocolate Hawkins. This is why theyre using A.I to improve their products and encourage more sales. 4. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. Restructuring of the European chocolate industry and its impact on cocoa production in West Africa. 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. - Environmental Regulation Impacting Absolute Cost Advantage Dynamics in the Industry. PESTEL analysis is mainly the assessment of macro environment factors. 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. Called consumer trips by the company, buying in stores went down by 2 percent that year. PESTLE Analysis of Beverage Industry | Free PESTEL Analysis 988 Words4 Pages. Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. - Influence of Climate Change How climate change will impact Chocolate Gourmet business model and supply chain. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Hawkins should focus on the environment for intellectual property rights. Chocolate Gourmet can make strategies based on the stable political environment. Chapters Research Methodology Study of Global Market Study of Indian Market Product Profile Demand Determination of Chocolate Industry Distribution channel in chocolate industry Key issues & current trends PEST analysis Michel Porter's Five Force Model Other Portfolio Model Financial Analysis Opportunity . Amul Chocolates is a product category of the milk company Amul which is the brand name for the Gujarat Cooperative Milk Marketing Federation. Available to download is a free sample file of the Chocolate Market report PDF. - 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. Some of the economic factors that affect the chocolate industry in the UK include: Consumer demand: Changes in consumer preferences and tastes can affect the demand for chocolate products, which can impact the industrys profitability. - Government Regulations and Deregulations The government is adhering to all the rules and regulations under World Trade Organization norms. 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. These factors are Political, Legal, Economic and Social. - 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. 1. - 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. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. - Influence of Climate Change How climate change will impact Chocolate Hawkins business model and supply chain. PESTLE Analysis of Nestle | Business Management & Marketing The bond rating of national government is investment grade. PESTLE analysis of chocolate industry in JAPAN. - WizEdu An Analytic Study of Organic Food Industry as Part of Healthy Eating Habit in Turkey: Market Growth, Challenges and Prospects. Until 2025, the chocolate confectionery market in South Africa is forecast to reach 1.03 billion USD (in retail prices), thus increasing at a CAGR of 5.98% per annum for the period 2020-2024. As an experiment, the company used a kiosk powered by Affectivas technology to encourage consumers to smile into the machine for a free sample. Chocolate Hawkins should build a strategy that can integrate societal values, infrastructure, and Chocolate Hawkins business model. According to Michael Porter organizational performance is to large extend determined by various industry forces. Government support: Government policies and initiatives to support the growth and development of the food industry can benefit the chocolate industry in the UK. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. The company would benefit greatly by automating several elements of the supply chain. Regulations: Regulations on food safety, labeling, and advertising can impact the manufacturing and marketing of chocolate products. - Inflation Rate The inflation rate can impact the demand of Chocolate Hawkins products. U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. 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. Save my name, email, and website in this browser for the next time I comment. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. Perhaps it was also the consumers, who (according to Hershey) werent going to stores. -Recycled, recyclable and biodegradable packaging. - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Hawkins. Industry Report.pdf - Chocolate Industry in Italy PESTEL Analysis of 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. Along with this, there are a few Environmental and Technological factors that contribute and influence the macro environment. - Acceptance of Mobile Payments and Fintech Services One of the areas where US are lacking behind China is Mobile Payments. - 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. All Rights Reserved, 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. Developing strategies that can capitalize on Chocolate Hawkins strengths and help mitigate weaknesses and impact of threats of macro-environment. In 2009, Hawkins was eager for Digital Chocolate to start developing new types of mobile games that could be played by multiple players over a period of time. 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 . It would focus on the macro-environmental factors that impact her growth and productivity. Analyze Strengths and Weaknesses of Chocolate Gourmet. 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. Skip to main content Other CIPD Websites CIPD UK CIPD Middle East CIPD Ireland People Profession CIPD Learning Hub People ManagementPM jobs Log in / Register Go to the home page 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. Solutions. The Hershey's Company is the largest chocolate manufacturer in North America and yet they've hit major setbacks both politically and economically. Analyze the Chocolate Hawkins external competitive environment to identify opportunities and threats. E - Environmental. Environmental factors are fast gaining traction not only among consumers but also among regulators and policy makers. Brazil Chocolate Market Analysis - Industry Report - Trends, Size & Share - 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. Managers at Chocolate Hawkins need to examine three inter-related environments in order to come up with an effective strategy. Taxation: Changes in tax policies, such as changes in VAT or sugar taxes, can affect the prices of chocolate products and consumer demand. Chocolate Hawkins has to assess whether it can live with the fast pace of technology disruption in its industry. Technological Factors that Impact Digital Chocolate - Empowerment of Supply Chain Partners Chocolate Hawkins should analyze areas where technology can empower supply chain partners. This is an out-of-the-box usage of technology that hands Hersheys a competitive advantage. All of this is rudimentary and basic, but playing the blame game doesnt leave a savory taste in consumers mouths. Strengthening of democratic institution will foster greater transparency and reduce the level of corruption in the country. Chocolate Industry Analysis - UKEssays.com - Gender Composition in Labor Market Chocolate Gourmet can use gender composition of labor market to understand the level of liberal nature of the society, women rights, and womens say in matter of societal issues and consumption decisions. Chocolate consumption in India is low per capita consumption in urban India is estimated PESTEL | Analyzing the macro-environment of your company - IONOS Thus significantly impacting the ability of Chocolate Gourmet to build sustainable competitive advantage It has decimated the culture of savings as people dont have enough to save. 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 company was founded in 1924 and has gained much popularity now. Rocky Mountain Chocolate Factory, Inc. PESTEL & Environment Analysis 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. 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. The Hersheys Company hasnt adopted this approach just yet, likely because it would increase costs. - Segregation of Political Responsibilities between Different Government Agencies There are numerous government agencies which reduces the risk of overwhelming pressure by one agency. Market Overview 2023-2028: The India chocolate market size reached US$ 2.4 Billion in 2022. (DOC) BERRYL"S PESTEL ANALYSIS | Noorazian Noordin - Academia.edu - 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. In 2015, the Hersheys Company surfed upon a sea of negatives. Factors that should be consider while launching a new product i.e Political, Economic, Sociological, Technological, Legal and Environmental and the questions we should take under Consideration - Laws regarding Monopoly and Restrictive Trade Practices As a new player Chocolate Hawkins shouldnt be worried about the monopoly and restrictive trade practices law. - 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. In 2011, it is seen that major chocolate . 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. 3. (PDF) A CONTEMPORARY APPROACH FOR STRATEGIC MANAGEMENT - ResearchGate Chocolate Hawkins should have capabilities to navigate under this hyper sensitive environment. 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. Its a huge moral and ethical issue because the Ivory Coast is known to enforce child labor. - Empowerment of Supply Chain Partners Chocolate Gourmet should analyze areas where technology can empower supply chain partners. In one respect, Cadbury was born as a result of social factors. The market size for Switzerland Chocolate in 2021 was estimated at around USD 1.63 Bn. And while Dairy Milk chocolate and Trident Gum sold well, other brands like Halls also saw a rise in their annual sales. Legal factors often govern conditions to enter the market, laws to operate in the market, and procedure to resolve any dispute with other stakeholders. In 2002, growth in receipts outpaced volume gains for chocolate candy by 8.7 percentage points over the previous year. environmental. The Hershey Company is adopting new technology to create better treats. PEST Analysis of the Hershey Company: Major Setbacks and the Step into A.I. PEST is an acronym that stands for Political, Economic, Socio-cultural and Technological. Dec 31, 2014 by PESTLEanalysis Contributor Cadbury is synonymous with chocolate consumption worldwide. 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. SWOT analysis of Cadbury 12. The PEST Analysis is quite similar to that of the SWOT analysis (Srdjevic et al. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. Secondly governments from all parties adhere to the treaties made by the previous governments. Here's the SWOT analysis of Mars Incorporated which is an American multinational company primarily engaged in production and marketing of confectionery. Quality control: Advanced technology such as spectroscopy and X-ray analysis are used to improve the quality and consistency of chocolate products. - Foreign Exchange Rate Number of companies have incurred losses in past few years because of forex risk in Venezuela, Brazil, and Argentina. - 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. 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 analysis is also performed to assess the potential of a new market. If other business units follow suit, this can result in a loss of hundreds of jobs across the globe. Show . Pestle Analysis Of Cadbury 1585 Words7 Pages Cadbury is a multinational organization. Sales were down only slightly, and the CEO John Bilbrey, as well as CFO Patricia Little, blamed everything for it. Temperature greatly affects the condition of the licorice; too much heat makes it heavy, while too much cold makes the candy lighter. PESTLE Analysis - Industry & Market Research Guide - LibGuides at Article. Managers at Chocolate Gourmet need to examine three inter-related environments in order to come up with an effective strategy. - 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. In addition, there are also concerns in the western world owing to rising cases of obesity, especially among children. Here's the pestle analysis of UK as follows; Political factors impacting the UK Government System In highly hierarchical societies the power of decision making often reside at the top. - 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. 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. - Recycle Policies What are the recycle policies in prospective market and how Chocolate Gourmet can adhere to those policies. MBA PESTEL : Note on the U.S. Chocolate Market PESTEL / PEST Analysis Full-text available. The snapshot of this . Political Factors: " These factors determine the extent to which government and government policies can affect an organisation or a particular industry. Experience economy is one of the fastest growing segments both among millennials and among baby-boomers. 2. This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. - 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. While also keeping the ingredients simple to maintain environmental sustainability. For internal factors, check out the swot analysis of the UK. This will enable the Chocolate Gourmet to determine if required can it hire talent globally to work in that particular market. Amul 9. South Africa Market Research Reports Industry Analysis and Trends it can be said that PESTEL analysis is a useful framework to understand the external environment in which an organization operates. 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%. The political factors play a huge role in not only investment decision by transnational corporations but also by companies such as Chocolate Hawkins. Pestle Analysis Of Cadbury - 1585 Words | Internet Public Library - Environmental Standards and Regulations both at National & Local Levels Often the environment policy at national and local level can be different. Theyve adapted Microsoft-powered artificial intelligence (A.I) in their Pennsylvania factory. And although theyre doing better financially in 2018 compared to the disastrous year of 2015, the company is not on the hunt to increase expenses just yet. PESTEL Analysis of Chocolate Confections Corporation - Cost of Production and Trends Chocolate Gourmet should assess - What are the cost of production trends in the economy and level of automatization. Liqueur Chocolate Market Size New Insights [2023-2027] | Share Analysis PESTLE Analysis of UK | Business Management & Marketing Macroeconomics is the study of large-scale economic elements, often relating to countries as a whole.The factors this analysis represents are political, economic, social, technological, legal and environmental. Macro Environment Analysis: PEST Analysis: Order custom essay Nestle: Macro Environment and Micro Environment Analysis with free plagiarism report GET ORIGINAL PAPER. 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. 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. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of The Hershey Company. Here are some facts and figures about the beverage industry: The global beverage market size was valued at $1.45 trillion in 2020, and is projected to grow at a CAGR of 6.6% from 2021 to 2028. For example most of EU countries now want the EU citizen data to be saved in EU countries only. In practice, analyses based on the PESTEL model are used in conjunction with studies on the micro-environment as part of the overall . Sample Complete Report This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. - Influence and Effectiveness of Environmental Agencies The role of environment standards enforcement agencies is critical in safeguarding norms. Pestle analysis of confectionery industry. Pest analysis of - Attitude towards Leisure Chocolate Hawkins should conduct an ethnographic research to understand both attitude towards leisure activities and choice of leisure activities. An even better option is Fair Trade Chocolate. PESTEL analysis of Switzerland - www.howandwhat.net The PEST Analysis is mainly used for tactical planning, promotion planning as well as industry and the development of manufactured goods. Attitude towards immigration has come under sharp focus. Since then, chocolate and Cadbury have been part of the same sentence. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. A Comprehensive Project report on Chocolate Industry Bhavik Parmar Follow Co-Founder And MD at KadiBuddy Advertisement Advertisement Recommended Final report on chaco Shailesh Kumar 3.7k views 66 slides Chocolate industry project report hasnain2 6.2k views 74 slides Chocolates & confectionery Varun Deshpande 18.6k views 29 slides PEST/PESTLE Analysis - ACCT/FIN_420: Cannabis: Challenges and The Chocolate Confections Corporation PESTEL Analysis will look at the external factors - political, economic, social, technological, environmental, and legal. In each of these locations, the sales were weaker. Hersheys also adopted technology to move people further down the grocery aisle. The Brazilian chocolate market is projected to witness a CAGR of 4.12% during the forecast period 2022-2027. - Democracy & Other Democratic Institutions According to Linda A. Hill, Alison Berkley Wagonfeld the democratic institutions are needed to be strengthened further so that business such as Chocolate Hawkins can thrive in an open, transparent and stable political environment. 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. Major Players 8. Cadbury is synonymous with chocolate consumption worldwide. 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. Objective 3. This analysis helps businesses to make informed decisions and take advantage of opportunities while mitigating potential risks. T - Technological. - Financial Market Structure and Availability of Capital at Reasonable Rates The quantitative easing policy of Federal Reserve has led to liquidity flooding all across the global financial markets. But conversely, it will also create new employment opportunities in countries like India. Economic Status. U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. - 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. PESTLE ANALYSIS and 5 FORCES ANALYSIS - CHOCOLATE CONFECTIONERY It speaks out against child labor and slave labor, while also using sustainable practices for the environment. Net sales ($1,751.6 million) were an increase of 5.3 percent. Being a specialty retailer of home dcor and gifts, their primary products are . - Employment Rate If the employment rate is high then it will impact Chocolate Gourmet strategies in two ways it will provide enough customers for Chocolate Gourmet products, and secondly it will make it expensive for Chocolate Gourmet to hire talented & skillful employees. MBA PESTEL : Digital Chocolate PESTEL / PEST Analysis - EMBA Pro for According to an estimate, her annual GDP was 1.375 trillion US dollars in 2020. 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. 1 . Maybe all of these things were issues; shares were down 20 percent in that first quarter so something was definitely off.