Journal of Economic Geography, 1 (4), pp.405 Norton, Marcy. In PESTEL analysis, you develop a detailed description of a company's macro-environment in terms of political, economic, socio-cultural, technological, environmental and legal factors as well as their effects. Strategy planning process often requires five steps 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. Intellectual property laws, such as those related to trademarks and patents for unique chocolate products or manufacturing processes. The snapshot of this . If the legal system is not strong then Chocolate Gourmet can face numerous challenges from consumer petitions to shakedowns from authorities. Sample Complete Report This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. - Intellectual Property Rights Protection Chocolate Gourmet should assess the level of protection that intellectual property rights get under the legal system of the country. 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. Feel free to connect with us if you need business research. * Cadbury 's occupy about 72% of the chocolate /confectionery market with Dairy Milk Five Star Perk Gems * The organized sector in chocolates constitutes 40%. Chocolate Hawkins has to assess whether it can live with the fast pace of technology disruption in its industry. The company would benefit greatly by automating several elements of the supply chain. - 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. PESTLE Analysis of UK | Business Management & Marketing - 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. Indeed, retail sales of chocolate in the United States had experienced a steady increase in recent years. Hersheys also adopted technology to move people further down the grocery aisle. But its still a business at the end of the day; higher returns are most important for its survival. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. Chocolate Hawkins should build a strategy that can integrate societal values, infrastructure, and Chocolate Hawkins business model. Lindt PESTLE Analysis | MBA Skool Managers at Chocolate Gourmet need to examine three inter-related environments in order to come up with an effective strategy. PESTEL Analysis Of Amul in a Simplified Way - Business Mavericks Due to favourable political factors, Amul company achieved a growth of 11.35% in its operating units in Kolkata, Pune and Mumbai. Experience economy is one of the fastest growing segments both among millennials and among baby-boomers. - 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. - Inflation Rate The inflation rate can impact the demand of Chocolate Hawkins products. 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. In fact, Cadbury was able to gain a 30% increase in its annual profits, predominantly from the sales of Dairy Milk and Trident. - 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 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. Market share was divided among mass-market, gourmet, and cause-related manufacturers. - 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. PESTLE Analysis of Australia | Business Management & Marketing Available to download is a free sample file of the Chocolate Market report PDF. However, the GDP is expected to slow down in both 2020 and 2021 and bounce back in 2022. 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. This is why theyre using A.I to improve their products and encourage more sales. Its GDP in 2019 was $703.8 billion that represented 0.58% of the world economy (Trading Economics, 2020). Quality control: Advanced technology such as spectroscopy and X-ray analysis are used to improve the quality and consistency of chocolate products. Pest analysis of chocolate industry Free Essays | Studymode Consumer consciousness regarding the health benefits of eating high-quality chocolate, which remains the key driver of the market. Recommended: How to write a PEST analysis. Cadbury made diverse sorts of chocolates and different items which are sold in a few nations around the globe. - 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. (PDF) Pestle Analysis Introduction - ResearchGate Chocolate Gourmet can leverage this trend by expanding its product range and targeting new customers. 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 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 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. PESTLE ANALYSIS and 5 FORCES ANALYSIS - CHOCOLATE CONFECTIONERY 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. They include political policies and stability as well as trade, taxation and fiscal policies ". 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. In 2011, it is seen that major chocolate . 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. 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. Know More Egypt SWOT Analysis This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for Egypt. However, the stringent restrictions on the entry of skilled workers from rest of Europe can affect Cadburys hiring decisions in the future. GDP of Afghanistan in 2019 was 19,101 billion $. Sales were down only slightly, and the CEO John Bilbrey, as well as CFO Patricia Little, blamed everything for it. Foreign currency exchange rates were insignificant in the second quarter. Table two below presents a PESTLE analysis for the industry Nestl are present . 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. 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. Then with the blame game where everything was the culprit for poor sales in 2015. If they were to save money here, itd be a higher return. Pestle on chocolate industry in the uk Free Essays | Studymode The government of each party has adhered to the treaties done by previous governments, so there is a consistency in both rule of law and regulations. Chocolate industry Presentation - SlideShare Restructuring of the European chocolate industry and its impact on cocoa production in West Africa. In-depth industry statistics and market share insights of the Chocolate Market sector for 2020, 2021, and 2022. Definition of PESTEL / PEST / STEP Analysis. Trip Hawkins founded Digital Chocolate in Silicon Valley in 2003 to develop outstanding games for mobile devices. The imposition of taxes is yet another political factor that will determine how Cadbury manages its investment and payment to shareholders. 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. India's strong economic growth over the past decade has catalyzed the country's per capita disposable incomes . 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. - Transition of Government and Changes in Policy There is consistency in policy making from one government to another. This analysis helps businesses to make informed decisions and take advantage of opportunities while mitigating potential risks. - 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. Published by HBR Publications. Hi, We can write an analysis or assignment on any topic of your choice, PESTLE Analysis of Chocolate Industry in Uk. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. PESTLE ANALYSIS TECHNOLOGICAL ANALYSIS The Goya chocolate has a global supply chain. Some political factors that can affect the chocolate industry in the UK include: Trade policies: Changes in trade policies and tariffs can affect the cost and availability of raw materials, as well as the export and import of finished chocolate products. Amul Chocolates also . 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. 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. - Empowerment of Supply Chain Partners Chocolate Gourmet should analyze areas where technology can empower supply chain partners. 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%. Strengthening of democratic institution will foster greater transparency and reduce the level of corruption in the country. 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. It can enable Chocolate Hawkins to hire skilled workforce at competitive salaries. 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. 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. PESTEL | Analyzing the macro-environment of your company - IONOS E - Economic. Brazil Chocolate Market Analysis - Industry Report - Trends, Size & Share This will enable the Chocolate Gourmet to determine if required can it hire talent globally to work in that particular market. Which dollar? In 2002, growth in receipts outpaced volume gains for chocolate candy by 8.7 percentage points over the previous year. Dec 31, 2014 by PESTLEanalysis Contributor Cadbury is synonymous with chocolate consumption worldwide. it can be said that PESTEL analysis is a useful framework to understand the external environment in which an organization operates. Hence, Cadbury and its range of products are now owned by the American confectionary giant. 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. - Recycle Policies What are the recycle policies in prospective market and how Chocolate Gourmet can adhere to those policies. - Influence and Effectiveness of Environmental Agencies The role of environment standards enforcement agencies is critical in safeguarding norms. One way to start is by closely mapping the changes in consumer buying behavior and emerging value proposition. U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. Switzerland Chocolate Market Report 2023 (Global Edition) The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. Its a huge moral and ethical issue because the Ivory Coast is known to enforce child labor. The PESTLE Analysis of Chocolate Confectionery in the UK - Studentshare It can enable Chocolate Gourmet to hire skilled workforce at competitive salaries. S - Social. South Africa Market Research Reports Industry Analysis and Trends - Likelihood of Entering into an Armed Conflict From the information in the Digital Chocolate case study, I dont think there is a likelihood of country entering into an armed conflict with a neighboring country. The full-year net sales increased by 1 percent, even though the four-quarter net sales dropped by 1.6 percent. PEST analysis of Afghanistan The gender composition of labor market is a good indicator of disposal income of household, priorities of the households, and related needs. Analyze Strengths and Weaknesses of Chocolate Gourmet. 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 . Hotel Chocolat Group Plc PESTEL & Environment Analysis - Essay48 But conversely, it will also create new employment opportunities in countries like India. Political factors: Government policies and regulations can have a significant impact on the confectionery industry. Although the company is clearly attempting to bring social good into the world, it doesnt stop them from blaming consumers when sales are declining. Full-text available. - Attitude towards Leisure Chocolate Hawkins should conduct an ethnographic research to understand both attitude towards leisure activities and choice of leisure activities. - 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. PESTLE stands for: P - Political.