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 - Influence and Effectiveness of Environmental Agencies The role of environment standards enforcement agencies is critical in safeguarding norms. By last estimates, the 8 Cadbury factories in the UK had employed 3,000 workers. But its cheaper to use than organic chocolate, which is pesticide-free, GMO-free, and synthetic fertilizers-free. Chocolate Hawkins has to assess whether it can live with the fast pace of technology disruption in its industry. 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. 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. - Political Governance System Based on the information provided in the Digital Chocolate case study, it seems that the country have a stable political system. - Consumer Protection Laws Chocolate Hawkins needs to know what are the consumer laws, what is the rate of enforcement, what is the attitude of authorities towards consumer protection laws, and what is the role activist groups in enforcement of consumer protection laws. This will help in better predicting the environment policy of the country. 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%. MBA Skool InstallCourses Home Courses Concepts SWOT Some of the economic factors that Chocolate Hawkins 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. U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. Amul Chocolates also . Maybe all of these things were issues; shares were down 20 percent in that first quarter so something was definitely off. Product Positioning 15. Psychographics and Demographics 14. PESTLE analysis. Social factors such as demography trends, power structure in the society, women participation in workforce etc have immense impact over not only the country's economy but also on workforce talent availability and level of consumer demand. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. Although the African government created an audit system to monitor child labor, its not easy to prosecute offenders offenders like the Hershey Company. environmental. Environmental regulations, such as those related to waste disposal and sustainable sourcing of cocoa and other ingredients. - Health & Safety Laws What are the health and safety laws in the country and what Chocolate Gourmet needs to do to comply with them. Although the company is clearly attempting to bring social good into the world, it doesnt stop them from blaming consumers when sales are declining. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of The Hershey Company. It first sold its items in United States in 1905. Legal factors often govern conditions to enter the market, laws to operate in the market, and procedure to resolve any dispute with other stakeholders. -Recycled, recyclable and biodegradable packaging. 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? Cadbury is a well-known producer and distributor of chocolate and milk-based products. They also have the Nourishing Minds program, designed to provide children with basic nutritional needs. Pestle Analysis Of Cadbury 1585 Words7 Pages Cadbury is a multinational organization. The gender composition of labor market is a good indicator of disposal income of household, priorities of the households, and related needs. To them, Americans have the luxury of buying several premium chocolates. In 2008, the Schweppes brand was sold to the Dr Pepper Group, and in 2010, Cadbury was acquired by Kraft foods in the US. - 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. SWOT analysis of Cadbury 12. Amul 9. Due to favourable political factors, Amul company achieved a growth of 11.35% in its operating units in Kolkata, Pune and Mumbai. Required fields are marked *. - Recycle Policies What are the recycle policies in prospective market and how Chocolate Gourmet can adhere to those policies. Here's the pestle analysis of UK as follows; Political factors impacting the UK Government System The use and consumption of raw organic chocolate are growing in popularity in the raw food and vegan scenes. Journal of Economic Geography, 1 (4), pp.405 Norton, Marcy. This can help Chocolate Gourmet to bring in more transparency and make supply chain more flexible. In one respect, Cadbury was born as a result of social factors. - 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. - Intellectual Property Rights Protection Chocolate Hawkins should assess the level of protection that intellectual property rights get under the legal system of the country. The Hershey Company PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Intellectual property laws, such as those related to trademarks and patents for unique chocolate products or manufacturing processes. This technology could be adopted for Hersheys other products, particularly with chocolate. According to the Central Statistics Office, the share of agriculture was 78%, services 16%, and industry 6% in GDP. Chocolate Gourmet can leverage such a situation to hire the best people in business. Glenn Carroll, Greg Powell (2018), "Note on the U.S. Chocolate Market Harvard Business Review Case Study. - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. Thus significantly impacting the ability of Chocolate Hawkins to build sustainable competitive advantage On the other hand, Nestle has a better record of recycling. "Tasting Empire: Chocolate and the European Internalization of Mesoamerican Aesthetics." The American Historical Review 111 (3):pp 660 Odijie, E.M., 2016. Today, we'll study the pestle analysis of UK. While also keeping the ingredients simple to maintain environmental sustainability. Political Factors: " These factors determine the extent to which government and government policies can affect an organisation or a particular industry. PEST or PESTLE analysis is used to identify important external (macro-environment level) forces that could affect a company, creating opportunities or threats for the organization. The Hersheys Company hasnt adopted this approach just yet, likely because it would increase costs. He introduced the framework back in 1964 in his book " Scanning the Business Environment ". Chocolate Hawkins should build a strategy that can integrate societal values, infrastructure, and Chocolate Hawkins business model. INTRODUCTION * Indian chocolates industry is growing at a rapidly18-20% per annum. Government policies: Taxation, trade policies, and regulations can impact the cost of production and distribution of chocolate products, affecting the profitability of the industry. Economic Status. If other business units follow suit, this can result in a loss of hundreds of jobs across the globe. Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. - Environmental Regulation Impacting Absolute Cost Advantage Dynamics in the Industry. - 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. - 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. 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. Your email address will not be published. Strategy planning process often requires five steps - 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. 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. It can enable Chocolate Gourmet to hire skilled workforce at competitive salaries. Hence, Cadbury and its range of products are now owned by the American confectionary giant. Being run by a Quaker family, their opposition to alcohol served as the basis of running a business that sold tea, coffee, cocoa, and liquid chocolate. 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 . 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. This analysis helps businesses to make informed decisions and take advantage of opportunities while mitigating potential risks. According to an estimate, her annual GDP was 1.375 trillion US dollars in 2020. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Hawkins should focus on the environment for intellectual property rights. Sep 2014. Strengthening of democratic institution will foster greater transparency and reduce the level of corruption in the country. Some of the political factors are governance system, democracy & institutions, military coup chances, probability of armed conflict, law and order in market etc. . 3. What is PESTLE Analysis. - Demographic Trend The demographic trend is one of the key factors in demand forecasting of an economy. S - Social. -Kew raw materials are sourced from local suppliers. Chocolate Gourmet can borrow cheaply under such circumstances. 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. Environmental factors are fast gaining traction not only among consumers but also among regulators and policy makers. One way to start is by closely mapping the changes in consumer buying behavior and emerging value proposition. PESTEL analysis is mainly the assessment of macro environment factors. 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 . - 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. 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? PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. 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. For example as the population of USA and EU is growing old the demand for products mostly catering to this segment will grow. - Level of Consumer Activism Regarding Environmental Concerns Chocolate Gourmet needs to know the level of consumer activism regarding environmental concerns is. 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. Chocolate consumption in India is low per capita consumption in urban India is estimated - Regulatory Practices - The regulatory practices are streamlined with global norms which have helped the country to improve its ease of doing business ranking. The PESTLE analysis is a concept first mentioned by Harvard Business School professor Francis J. Aguilar. Political: Nestle is a global company and in the food and beverage industry one of the most important factors to consider is globalization. KitKat PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. It speaks out against child labor and slave labor, while also using sustainable practices for the environment. 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 The full-year net sales increased by 1 percent, even though the four-quarter net sales dropped by 1.6 percent. PESTLE stands for: P - Political. Many US companies have incurred losses in Mexico in regular forex crisis in that country. Hersheys has experienced a fair bit of controversy. Many nutritionists recommend people to reduce their consumption of chocolate and candy, which is likely to affect Cadbury sales in the future. 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. Major Players 8. 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. Sales were down only slightly, and the CEO John Bilbrey, as well as CFO Patricia Little, blamed everything for it. In Asia authority is respected while in west it is something to rebel against. Hersheys current Company President and Chief Executive Officer, Michele Buck, has said the company will continue to invest in their core bands and build upon strategies to further drive growth. * 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 industry Presentation 1. Although it took up aisle space, if it leads to creates even one sale, its worth the price to retailers and Hersheys. - Level of Household Income and Savings Rate Increasing consumption and stagnant household income in United States had led to credit binge consumption. Cultural norms: Chocolate is often associated with indulgence and gift-giving in UK culture, which may impact consumption patterns and marketing strategies. - 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. 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. Amul Chocolates is a product category of the milk company Amul which is the brand name for the Gujarat Cooperative Milk Marketing Federation. Cadbury is identical with the consumption of chocolate on a universal basis. View. Sample Complete Report This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. As such, theyre looking to bring more good into the world by building thriving communities and becoming better stewards of the planet. 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. PESTEL analysis for the chocolate confectionery industry in Italy shows that there are 4 major factors impacting the overall market environment. The next element to address in the PESTEL analysis of Switzerland is the economic environment. Introduction In 1966 Carl Kirkland co-founded Kirkland's in Jackson, Tennessee (Kir15). - Transition of Government and Changes in Policy There is consistency in policy making from one government to another. - 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. Article. The snapshot of this . This is where the PESTEL analysis comes in handy as a useful tool for identifying the external factors that could affect the chocolate industry in the UK. 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. It can enable Chocolate Hawkins to hire skilled workforce at competitive salaries. 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. Strategy planning process often requires five steps - Cost of Production and Trends Chocolate Hawkins should assess - What are the cost of production trends in the economy and level of automatization. Yasemin Oraman. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. The alcoholic beverage segment accounted for the largest share of the market in 2020, with beer being the most consumed alcoholic beverage worldwide. This will help in better predicting the environment policy of the country. If youve ever enjoyed the classic Hersheys, Kit Kat, or Reeses Peanut Butter Cups, then youve been a consumer of the Hersheys Company. Today, Kirkland's main sales support center is located in Brentwood, Tennessee which supports 337 stores in 35 states. - Attitude towards Leisure Chocolate Hawkins should conduct an ethnographic research to understand both attitude towards leisure activities and choice of leisure activities. Its installed specifically for their Twizzler candies. - Integration of Technology into Society & Business Processes Uber failed in China because it tried to enter before smartphone were widespread in China. 5. - International Trade & Other Treaties The country has a good record of adhering to international treaties it has done with various global partners. Thus significantly impacting the ability of Chocolate Gourmet to build sustainable competitive advantage - 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. 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. Which dollar? Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. - 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. The remaining 35% of the chocolate industry was divided among Bourbon Corporation, Nestle S.A., Morinaga & Co, Fujiya, Kabaya Foods Corporation, and Cadbury. For example, Value-added Tax rose by 2.5% in 2010 and increased chocolate prices and reduced sales. This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. 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 INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. It would focus on the macro-environmental factors that impact her growth and productivity. Chocolate Gourmet should be careful about the history of forex risk before entering new market. However, the stringent restrictions on the entry of skilled workers from rest of Europe can affect Cadburys hiring decisions in the future. Out of which, her per capita income was 50,844 US dollars and it's 10th highest in the world. - 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. Chocolate Hawkins needs to be careful about building marketing strategy that is dependent on Purchase on Credit consumer behavior. Since then, the PESTLE analysis has become a popular strategic tool to assess the macro environment of organisations . Research Methodology 4. Know More The Chocolate Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. They're advanced in telecommunications yet follow a patriarchal family system. The company was founded in 1924 and has gained much popularity now. The gender composition of labor market is a good indicator of disposal income of household, priorities of the households, and related needs. Lindt PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. Chocolate Industry Contents Titles 1. - 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. 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. U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. The Hershey's Company is the largest chocolate manufacturer in North America and yet they've hit major setbacks both politically and economically. 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. This will enable the Chocolate Gourmet to determine if required can it hire talent globally to work in that particular market. These factors are Political, Legal, Economic and Social. 1 . Technological Factors that Impact Digital Chocolate - Empowerment of Supply Chain Partners Chocolate Hawkins should analyze areas where technology can empower supply chain partners. Chocolate Gourmet can make strategies based on the stable political environment. In doing so, theyre committed to being more transparent about the ingredients. The company would benefit greatly by automating several elements of the supply chain. 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. 4. In fact, Cadbury was able to gain a 30% increase in its annual profits, predominantly from the sales of Dairy Milk and Trident. 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). Two giants dominated: Hershey's controlled 32.6% of the market and Mars had 29.6%. Many US companies have incurred losses in Mexico in regular forex crisis in that country. 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. India's strong economic growth over the past decade has catalyzed the country's per capita disposable incomes . 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. Definition of PESTEL / PEST / STEP Analysis. But on the flip side it does increases both time and cost of doing business and getting certifications and clearances. The market size for Switzerland Chocolate in 2021 was estimated at around USD 1.63 Bn. - Inflation Rate The inflation rate can impact the demand of Chocolate Hawkins products. 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. Cost Based Pricing could be a bad strategy under such conditions. Know More Egypt SWOT Analysis This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for Egypt. The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Chocolate Gourmet. Analyze the Chocolate Gourmet external competitive environment to identify opportunities and threats. Since then, chocolate and Cadbury have been part of the same sentence. 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. The A.I transmits data to the cloud. 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.
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