"Tasting Empire: Chocolate and the European Internalization of Mesoamerican Aesthetics." The American Historical Review 111 (3):pp 660 Odijie, E.M., 2016. - Per Capita and National Carbon Emission What is the per capita carbon emission of the country and what is the overall level of carbon emissions of the country. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. PEST/PESTLE Analysis - ACCT/FIN_420: Cannabis: Challenges and For example, Value-added Tax rose by 2.5% in 2010 and increased chocolate prices and reduced sales. Chocolate Gourmet should be aware of presence of such practices in a country. There is consistency in both policy making and implementations of those policies. 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. 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. Journal of Economic Geography, 1 (4), pp.405 Norton, Marcy. - 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. KitKat PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. 3. Maybe all of these things were issues; shares were down 20 percent in that first quarter so something was definitely off. 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. 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 . E - Environmental. Technology is fast disrupting business models across various industries. In 2011, it is seen that major chocolate . MBA PESTEL : Digital Chocolate PESTEL / PEST Analysis - EMBA Pro for Chocolate Gourmet can borrow cheaply under such circumstances. Published by HBR Publications. Insulin Delivery Devices Market Industry Analysis Database F KitKat PESTLE Analysis | MBA Skool Pestle Analysis Of Confectionery Industry Free Essay Example - PaperAp.com A Chocolate Industry Project Report - SlideShare Environmental regulations, such as those related to waste disposal and sustainable sourcing of cocoa and other ingredients. 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. Major Players 8. Political: Nestle is a global company and in the food and beverage industry one of the most important factors to consider is globalization. Global Chocolate Market Size & Share Analysis Report, 2030 Recent moves in this regard include the use of pathogen testing systems and filing patents for heat-resistant chocolate. - 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. PEST analysis of Afghanistan Market Overview 2023-2028: The India chocolate market size reached US$ 2.4 Billion in 2022. 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 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. Chocolate Industry Contents Titles 1. 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. 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. In one respect, Cadbury was born as a result of social factors. Indeed, retail sales of chocolate in the United States had experienced a steady increase in recent years. - 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. - Foreign Exchange Rate Number of companies have incurred losses in past few years because of forex risk in Venezuela, Brazil, and Argentina. Regulations: Regulations on food safety, labeling, and advertising can impact the manufacturing and marketing of chocolate products. - Cost of Production and Trends Chocolate Gourmet should assess - What are the cost of production trends in the economy and level of automatization. - Health & Safety Laws What are the health and safety laws in the country and what Chocolate Gourmet needs to do to comply with them. Butlers Chocolates Swot Analysis - 1415 Words - Internet Public Library 2. 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. Quality control: Advanced technology such as spectroscopy and X-ray analysis are used to improve the quality and consistency of chocolate products. - 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. PESTEL analysis is mainly the assessment of macro environment factors. This means less error in product development and packaging, possibly saving the company millions in expenses and product waste. Thus significantly impacting the ability of Chocolate Hawkins to build sustainable competitive advantage Lindt PESTLE Analysis | MBA Skool Attitude towards immigration has come under sharp focus. Definition of PESTEL / PEST / STEP Analysis. - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Gourmet. Chocolate industry Presentation 1. The snapshot of this . Hersheys has experienced a fair bit of controversy. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Gourmet should focus on the environment for intellectual property rights. But its still a business at the end of the day; higher returns are most important for its survival. 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. 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. Pestle Analysis Korean Chocolate Industry - Term Paper But this strategy entails risks when interest rate will go up. If youve ever enjoyed the classic Hersheys, Kit Kat, or Reeses Peanut Butter Cups, then youve been a consumer of the Hersheys Company. - 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. India's strong economic growth over the past decade has catalyzed the country's per capita disposable incomes . Rocky Mountain Chocolate Factory, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. - Regulatory Practices - The regulatory practices are streamlined with global norms which have helped the country to improve its ease of doing business ranking. 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. Developing strategies that can capitalize on Chocolate Gourmet strengths and help mitigate weaknesses and impact of threats of macro-environment. This is an out-of-the-box usage of technology that hands Hersheys a competitive advantage. PEST is an acronym that stands for Political, Economic, Socio-cultural and Technological. it can be said that PESTEL analysis is a useful framework to understand the external environment in which an organization operates. He introduced the framework back in 1964 in his book " Scanning the Business Environment ". Consumer consciousness regarding the health benefits of eating high-quality chocolate, which remains the key driver of the market. PESTLE analysis. 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. Restructuring of the European chocolate industry and its impact on cocoa production in West Africa. PESTLE The SWOT analysis for Lindt & Sprngli is presented below in a table followed by the detailed analysis report. Hersheys has dedicated commitments in social responsibility. In this section, we present a brief analysis of each element in relation to the . Chocolate Gourmet should carefully analyze the attitude towards authority before launching a marketing campaign for its products and services. - 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. This analysis helps businesses to make informed decisions and take advantage of opportunities while mitigating potential risks. 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. 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). Trip Hawkins founded Digital Chocolate in Silicon Valley in 2003 to develop outstanding games for mobile devices. But even then, recession did play its part as the company managed only to hit the lower end of its 4%-6% revenue for 2009, the peak of the recession. All of this is rudimentary and basic, but playing the blame game doesnt leave a savory taste in consumers mouths. Being a specialty retailer of home dcor and gifts, their primary products are . - Influence of Climate Change How climate change will impact Chocolate Hawkins business model and supply chain. Cadbury 11. 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. 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. Cost Based Pricing could be a bad strategy under such conditions. 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 . Opening shop in the early 19thcentury, 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. Much of this gain in retail value could be attributed to a shift of U.S. consumers toward higher priced chocolates. 2. In 2008, the Schweppes brand was sold to the Dr Pepper Group, and in 2010, Cadbury was acquired by Kraft foods in the US. On the other hand, Nestle has a better record of recycling. - Intellectual Property Rights Protection Chocolate Hawkins should assess the level of protection that intellectual property rights get under the legal system of the country. PESTLE Analysis of Chocolate Industry in Uk - Research and Development Investment Levels If there is high level of investment in technology development sector then there are high chances of building a self sustaining ecosystem that drives innovation. Although the African government created an audit system to monitor child labor, its not easy to prosecute offenders offenders like the Hershey Company. 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. In doing so, the companys machinery learned to adjust itself throughout the day. It is written by Glenn Carroll, Greg Powell and shed light on critical areas in field of Strategy & Execution, Entrepreneurship, Strategy that the protagonist in the case study is facing. Industry Report.pdf - Chocolate Industry in Italy PESTEL Analysis of Chocolate in a Bloom 6. 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. While also keeping the ingredients simple to maintain environmental sustainability. It speaks out against child labor and slave labor, while also using sustainable practices for the environment. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. - Recycle Policies What are the recycle policies in prospective market and how Chocolate Gourmet can adhere to those policies. Linda A. Hill, Alison Berkley Wagonfeld (2018), "Digital Chocolate Harvard Business Review Case Study. Government support: Government policies and initiatives to support the growth and development of the food industry can benefit the chocolate industry in the UK. Analyze the Chocolate Hawkins external competitive environment to identify opportunities and threats. For example it has been extremely difficult for US companies to enter UK health market as UK health system is a nationalized system and everything goes through contracts at national level. According to Jose Lopez, Nestle's Vice . 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. 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%. Some of the economic factors that Chocolate Gourmet should evaluate both in the present market and one in which it wants to enter are inflation rate, GDP growth rate, disposable income level etc. PESTEL analysis of Switzerland - www.howandwhat.net The PESTLE Analysis of Chocolate Confectionery in the UK - Studentshare The top corporate tax rates are . 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. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. Business Analysis: Kirkland. Here's the pestle analysis of UK as follows; Political factors impacting the UK Government System PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. Since then, chocolate and Cadbury have been part of the same sentence. The PESTLE analysis is a concept first mentioned by Harvard Business School professor Francis J. Aguilar. - Political Governance System Based on the information provided in the Note on the U.S. Chocolate Market case study, it seems that the country have a stable political system. Cultural norms: Chocolate is often associated with indulgence and gift-giving in UK culture, which may impact consumption patterns and marketing strategies. The Company has various popular products in the Petcare as well as in the chocolate category for example; in the Petcare industry Pedigree, Royal Canin, Whiskas etc. Macro Environment Analysis: PEST Analysis: Order custom essay Nestle: Macro Environment and Micro Environment Analysis with free plagiarism report GET ORIGINAL PAPER. Technology is fast disrupting business models across various industries. Report Overview The global chocolate market size was estimated at USD 113.16 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030. Your email address will not be published. - 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. 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. According to an estimate, Nestle, Dr. Pepper Snapple, Coca-Cola, Pepsi, and Danone recycle approximately 6.6% of the bottles annually. - Laws regarding Monopoly and Restrictive Trade Practices As a new player Chocolate Hawkins shouldnt be worried about the monopoly and restrictive trade practices law. - Focus & Spending on Renewable Technologies How much of the budget is spend on renewable energy sources and how Chocolate Gourmet can make this investment as part of its competitive strategy. PESTEL analysis is mainly the assessment of macro environment factors. 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. - 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. For example as the population of USA and EU is growing old the demand for products mostly catering to this segment will grow. PESTEL | Analyzing the macro-environment of your company - IONOS In-depth industry statistics and market share insights of the Chocolate Market sector for 2020, 2021, and 2022. U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. Those that cant afford it are also a problem because well, theyre not buying the chocolate. Like with most food products, the major multiples have substantial buying power, and often buy directly from chocolate manufacturers. - 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. - Level of Household Income and Savings Rate Increasing consumption and stagnant household income in United States had led to credit binge consumption. Show . Choosing the vision, mission and the reason of existence for Chocolate Gourmet. - Size of Government Budgets both Local Governments and National Government The government at both national level and local levels are running deficit budgets which is boosting growth in the short term but may lead to increase in inflation over medium term. First with the consumer pushback against their usage of the Ivory Coast (and potentially child labor). Available to download is a free sample file of the Chocolate Market report PDF. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. In 2000, 81% of U.S. adults consumed chocolate. Political environment and other factors not only impact the cost of doing business but also long term sustainability. Know More South Africa: Chocolate Confectionery Market and the - market research This will enable the Chocolate Hawkins to determine if required can it hire talent globally to work in that particular market. Pest analysis of chocolate industry Free Essays | Studymode The retail distribution of take-home and eat-later confectionery is basically done through two groups of channels, i.e. The political factors play a huge role in not only investment decision by transnational corporations but also by companies such as Chocolate Hawkins. The rest of the billions of bottles end up polluting the ocean and endangering sea life. * Cadbury 's occupy about 72% of the chocolate /confectionery market with Dairy Milk Five Star Perk Gems * The organized sector in chocolates constitutes 40%. Perhaps it was also the consumers, who (according to Hershey) werent going to stores. Economic Status. 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. Save my name, email, and website in this browser for the next time I comment. - Mobile Phone & Internet Penetration Chocolate Gourmet should assess the level of internet and mobile phone penetration in the country as it will it in building a requisite business model based on local needs and realities. - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Hawkins. 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. - 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. In 2002, growth in receipts outpaced volume gains for chocolate candy by 8.7 percentage points over the previous year. - 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. 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. Hawkins wondered how to guide his company into this new area of social gaming without losing any of the tremendous creative momentum the team had built over the previous years. Many US companies have incurred losses in Mexico in regular forex crisis in that country. - Integration of Technology into Society & Business Processes Uber failed in China because it tried to enter before smartphone were widespread in China. - Segregation of Political Responsibilities between Different Government Agencies There are numerous government agencies which reduces the risk of overwhelming pressure by one agency. Australia is one of the world's most advanced developed countries mainly because of the economical strengths. What Is a PESTLE Analysis? Factors, Examples and Uses Switzerland is one of the largest economies in the world. Kurien, the cooperative society makes milk and various milk products like curd, cheese, milk powder, cheese spread and chocolate amongst others. In highly hierarchical societies the power of decision making often reside at the top. PESTEL analysis is mainly the assessment of macro environment factors. Cadbury made diverse sorts of chocolates and different items which are sold in a few nations around the globe. 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. - Environmental Standards and Regulations both at National & Local Levels Often the environment policy at national and local level can be different. This will help in better predicting the environment policy of the country. To them, Americans have the luxury of buying several premium chocolates. It requires less temperature and energy to produce (unlike non-raw chocolate), and thatll also bring a smile to the faces of eco-friendly consumers. In Asia authority is respected while in west it is something to rebel against. It has decimated the culture of savings as people dont have enough to save. Taxation: Changes in tax policies, such as changes in VAT or sugar taxes, can affect the prices of chocolate products and consumer demand. SWOT Analysis of Mars - Mars incorporated SWOT analysis - Marketing91 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. We will make special emphasis on Cadbury UK, as this is where the company originally began. Then with the blame game where everything was the culprit for poor sales in 2015. Recommended: How to write a PEST analysis. Examples Of Pestle Analysis Of The Philippines - 1354 Words | Bartleby . This is why theyre using A.I to improve their products and encourage more sales.