The next element to address in the PESTEL analysis of Switzerland is the economic environment. Labor costs: The cost of labor, including wages, benefits, and training, can impact the profitability of chocolate manufacturers. Research Methodology 4. Journal of Economic Geography, 1 (4), pp.405 Norton, Marcy. 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. For example Trump not standing by US commitments created an environment of uncertainty. 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 . INTRODUCTION * Indian chocolates industry is growing at a rapidly18-20% per annum. 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. The Hershey Company PESTEL & Environment Analysis 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. - Foreign Exchange Rate Number of companies have incurred losses in past few years because of forex risk in Venezuela, Brazil, and Argentina. 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. Brexit: The UKs departure from the European Union may have an impact on the chocolate industry, such as changes in trade agreements and regulations. Strengthening of democratic institution will foster greater transparency and reduce the level of corruption in the country. E - Economic. The first Cadbury shop was opened in . Kurien, the cooperative society makes milk and various milk products like curd, cheese, milk powder, cheese spread and chocolate amongst others. Chocolate industry Presentation - SlideShare 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. - Securities Law What are the securities law in the country and what are the conditions to list the company on national or regional stock exchange. PEST analysis.docx - World Cocoa Industry1 WORLD COCOA INDUSTRY Author -Efforts to reduce consumption of water and energy and optimize transport routes. "Tasting Empire: Chocolate and the European Internalization of Mesoamerican Aesthetics." The American Historical Review 111 (3):pp 660 Odijie, E.M., 2016.
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