Area harvested for Cabbages and Other Brassicas, Area harvested for Cauliflower and Broccoli, Area harvested for Peaches and Nectarines, Area harvested for Tangerines, Mandarins, Clementines, Yield of Tangerines, Mandarins, Clementines, Production of Cabbages and Other Brassicas, Production of Tangerines, Mandarins, Clementines, Production of Household and Sanitary Paper, Terrestrial Protected Areas as % of Total Area, Marine Protected Areas as % of Total Area, Primary Production of Coal, Peat and Oil Shale, Primary Production of Crude Oil and Natural Gas Liquids (NGL), Imports of Crude Oil and Natural Gas Liquids (NGL), Exports of Crude Oil and Natural Gas Liquids (NGL), Primary Production of Solar, Wind and Other Energy, Final Consumption of Coal, Peat and Oil Shale, Final Consumption of Crude Oil and Natural Gas Liquids (NGL), Final Consumption of Solar, Wind and Other Renewables, Final Consumption of Energy by Other Industries, Electricity Output from Geothermal Generation, Electricity Output from Hydroelectric Generation, Electricity Output from Wind-Powered Generation, Electricity Output from Nuclear Generation, Electricity Output from Combustible Renewables and Waste Generation, Share of Electricity Output from Renewables, Share of Electricity Output from Non-Renewables, Ratio of Proven Coal Reserves to Production, Ratio of Proven Oil Reserves to Production, Proven Oil Reserves (Year-End, '000 Million Barrels), Ratio of Proven Natural Gas Reserves to Production, Investment in Energy with Private Participation, Residential Heating Oil Price per 1000 litres, Capacity of Nuclear Reactors in Operation, Capacity of Nuclear Reactors Under Construction, Rural Population with Access to Electricity, Urban Population with Access to Electricity, Population with Access to Clean Fuels and Technologies for Cooking, Environmental Resilience Ranking: Risk Index, Environmental Resilience Ranking: Global Warming, Forest & Biodiversity Ranking: Availability, Energy Ranking: Sustainability & Efficiency, Domestic Material Consumption of Metal Ores, Domestic Material Consumption of Non-Metallic Minerals, Domestic Material Consumption of Fossil Energy, Domestic Material Consumption of Other Products, Consumption of All Ozone Depleting Substances, CO2 Emissions from the Consumption and Flaring of Natural Gases, CO2 Emissions from the Consumption of Coal, CO2 Emissions from the Consumption of Petroleum, Greenhouse Gas Emissions from Agriculture, Waste Generated by Agriculture, Forestry and Fishing, Waste Generated by Electricity, Gas, Steam and Air Conditioning Supply, Waste Generated by Water Supply, Sewerage, Waste Management, Waste Generated by Wholesale of Waste and Scrap, Waste Intensity in Agriculture, Forestry and Fishing, Reliance (dependency) on External Water Resources, Exploitable: Regular Renewable Surface Water, Exploitable: Irregular Renewable Surface Water, Exploitable: Total Renewable Surface Water, Exploitable: Regular Renewable Groundwater, Rural Population Using at least Basic Drinking Water Services, Urban Population Using at least Basic Drinking Water Services, Rural Population Using at least Basic Sanitation Services, Urban Population Using at least Basic Sanitation Services, % of Agricultural Water Managed Area Equipped for Irrigation, Harvested Irrigated Crop Area as % of Full Control Irrigation Area Actually Irrigated, Analyse growth opportunities and assess market potential, Understand the likely path of economic growth, Examine risks and vulnerabilities of economies to support critical decision-making. Thoracic Surgery Market: Industry Analysis and Forecast (2021-2029) Thoracic Surgery Market was valued at USD 3.1 Billion in 2021, and it is expected to reach USD 5.40 Billion by 2029, exhibiting a CAGR of 7.18 % during the forecast period (2022-2029). The packaging is usually made up of plastic, and plastic causes environmental degradation. The report . Subscribe now to get your discount coupon *Only They can easily see which products people are buying, leaning towards, or completely ignoring. Back then, the guy who used to deal in dry goods such as spices was called a grocer. The political environment of a country comprises multifaceted factors. Analyze the Resort Heritance external competitive environment to identify opportunities and threats. Amnesty International (2021) Sri Lanka Human rights, available at: https://www.amnestyusa.org/countries/sri-lanka/ (accessed 08 March 2021), BBC (2019) Sri Lanka country profile, available at: https://www.bbc.co.uk/news/world-south-asia-11999611 (accessed 01 March 2021), Condiliffe, J. Our site uses cookies to improve functionality. 1, pp. Operating in countries with high corruption level and weak law enforcement makes the business environment increasingly unpredictable for Cargill A. due to jeopardized public trust on business organizations and overall political and economic structure. To conduct an industry analysis, first, you must conduct an industry life cycle. Moreover, the business performance of Cargill A. is also influenced by the extent to which the host country government has spent on core infrastructure development. According to an estimate, the computer literacy of Sri Lanka is roundabout30.1%, and its very low. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. Buddhism is the majority religion, and roundabout 70.2% of the people believe in Buddhism. The grocery industry hit its maturity stage in the early 1990s. The GDP growth rate will determine the Cargill A.s ability to pursue its long-term growth strategies. 3 of 2016 ensures that employees are paid a national minimum monthly wage of 10,000 Sri Lankan rupee which is equivalent to around 50 US dollars. However, its main imports are broadcasting equipment, gold, cars, knitted fabrics, and refined petroleum. Therefore, grocery stores and supermarkets may sound like synonyms. Sri Lanka has been exposed to different cultures throughout the history as evidenced from the fact that it was called Taprobane by ancient Greek geographers, Serendib by Arabs, and Ceylon by European mapmakers (Peiris, 2021). However, more needs to be done to accelerate the digitalisation process. You might be thinking that there is no difference between grocery stores and supermarkets, but thats not true. Consumer preferences are the main social factors affecting the retail industry. Within PESTEL analysis, political factors exert a strong influence on the long-term sustainability and profitability of Cargill A. Approximately more than 21 million people are populating Sri Lanka. Back then, there wasnt enough technology for e-commerce, and few supermarkets were present. Understanding these two things helps to find items more likely to boost profits. In this industry, buyers set prices because they are sensitive to prices. However, now people prefer groceries from supermarkets. And as the retailer grows, new legislative laws come into effect. Frequent changes in government policies harm business performance by increasing environmental uncertainty. Because when contamination happens, every store in the chain has to get rid of the product. 5 Market Analysis 5.1 Regulatory Scenario . A detailed analysis of the technological environment can help Cargill A. capture the technological trends to achieve certain business advantages, such as- increasing profitability, boosting innovation process and enhancing the operational efficiency. Major political instability and distressed government finances have blighted Sri Lanka, which is mostly unfree for economic freedom. Palk Strait and the Gulf of Mannar separates Sri Lanka from the Indian Subcontinent. However, buyer power represents the power of buyers to dictate the prices in the market. Studying the demographic characteristics can help Cargill A. in choosing the right market segment/segments with high growth potential. Here you can find food products, clothing, and electronics, in large quantities. Cargill A. operates in a complex and dynamic environment characterized by regulatory changes, growing environmental activism, collective social trends, technological changes and evolving legal system. Operating in such a market can lower the production cost of Cargill A. Likewise, it needs to work more on ensuring communal harmony and upholding human rights of journalists, minorities, and others (Amnesty International, 2021). Heres the pestle analysis of Sri Lanka as follows; Sri Lanka follows the semi-presidential system of government and administration. Hou, J., Lu, Q., & Han, Y. PDF | On Jun 2, 2020, Poh-Chuin Teo and others published Analysis on Competitiveness of the Handicrafts Industry: A Case of Sri Lanka | Find, read and cite all the research you need on ResearchGate Stores offering food products must comply with health guidelines proposed by the government. 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., Schools and colleges should always take proactive steps to guarantee the safety of its students, Cyberattacks can harm your business on many levels. The state of the environment affects the quality of the product and the selection. Studying and forecasting the consumers purchasing power based on relevant economic indicators is important to analyze the customers interests and spending patterns. BAC Reports. It also means more investors are becoming interested in the profitability offered by retail stores. Hence, the sales of grocery stores also increase. Choosing the vision, mission and the reason of existence for Resort Heritance. Email Delivery - PDF (on default), Hard Copy Mail Delivery (+US$ 190.00) Download PDF Leaflet. Moreover, considering the development and maturity level of technology in the respective market is also important. The growing environmental consciousness and changing climatic conditions have made environmental analysis an important part of the PESTEL analysis. The products are either shipped to the customers home or the closest store for pickup. Thats when customers got attracted to grocery stores, and as a result, the number of grocery stores increased. This PESTEL/PESTLE analysis reflects a number of opportunities and threats that Unilever must prioritize in its strategies for growth and global expansion in the consumer goods market. Daidj, N. Life expectancy is very good as evidenced from the fact that it is 72 years for men, and 78 years for women (BBC, 2019). The maturity stage leads to the decline stage. As does data and copyright laws. In 2008 International Conference on Information Management, Innovation Management and Industrial Engineering (Vol. Our model papers and solutions are purely meant for Consequently, a huge number of tourists flock to the country every year. Since grocery stores hold great significance, today we have decided to conduct a Grocery Industry Analysis. Herbal Toothpaste is made of natural ingredients. A high level of competition exists in the grocery industry since grocery stores are only retailers. The supplier power in the grocery industry is very low. Big name companies are able to offer a selection online. These regulations impact the economy, consumer buying habits, and international trade laws. Dissertation Following technological factors can influence the business performance of Cargill A.: The development of information and communication technologies has led towards the adoption of innovative marketing techniques to enhance collaboration with customers. Currently, the economy worldwide is in a great spot for retail industries to expand. The first task we had was to do a PESTEL analysis of our home-country that we were in charge of. Cargill A. needs to understand the online shopping behavior by considering the generational differences as younger consumers are more inclined to shop online than older customers. The country exports it toItaly,Germany, India,UK, and theUSA. Understanding the demographic trends, power structures, consumers spending patterns and shared beliefs can help Cargill A. design effective marketing messages and fulfil corporate objectives through informed PESTEL analysis. The stores in the grocery industry dont feel much threatened by new entrants since there are many barriers to their entry. If you are happy with this select "Accept All". This PEST country analysis report on Sri Lanka provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. Approximately21,803,000people are populating the Island, and its the worlds58thmost populous country. Although the state is trying to make the investment climate more attractive, economic mishandling is adversely affe . Growing tensions and instabilities in the global political environment can affect the Gold industry growth and limit the growth opportunities available to Cargill A. Posted by Zander Henry on Cargill A. need to study data protection regulations to protect the customer data. Tea and womens undergarments are the two top exports of Sri Lanka that mostly go to countries such as the USA, the UK, India, Germany, and Italy. International business. This report series allows you to understand the macro-economic environment as a basis for strategic planning. The National Minimum Wage Act, No. After we cleared the difference between the two, we conducted the grocery industry analysis. 2. Moreover, a well-developed governance system with a democratic political environment makes the business environment more comfortable for international business organizations like Cargill A. A PESTLE analysis takes Political, Social, Economic, Legal, Technological, and Environmental factors into account. Majority of the people live in rural areas and rely significantly on agriculture for their livelihood. Ansoff Matrix in McDonalds (McDonalds Growth Strategy), https://www.amnestyusa.org/countries/sri-lanka/, https://www.bbc.co.uk/news/world-south-asia-11999611, https://www.britannica.com/place/Sri-Lanka, https://www.worldbank.org/en/country/srilanka/overview. Culture is considered an important variable by international marketing managers. Where would I buy groceries from? ~ 0.0 Page). Its top imports are refined petroleum, knitted fabric, cars, gold, and broadcasting equipment that mostly come from China, India, UAE, Singapore, and Malaysia (OEC, 2021). This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis forSri Lanka. However, the country has also developed very relations with regional countries likeChinaandPakistan. Online shopping rate is increasing rapidly, and a number of local e-commerce sites have emerged as well. IGI Global. For instance, extreme weather conditions can increase the cost of operations and compel the Cargill A. to make the value chain more flexible. A retail store needs to meet legislative conditions before opening the shop. Technology' is the fourth factor of PESTEL analysis. The grocery industry currently seems to be in a decline stage since now the demand for the grocery industry has fallen as people have different alternatives such as e-stores and supermarkets. People save their money for products of necessity. Cargill A. can enter in low taxation markets and benefit from high profits that can be invested in research and development activities. According to an estimate, the annual nominal GDP of Sri Lanka in 2020 was81.120billion dollars, and its66thworlds highest. These products arent bought by retailers on a whim. Sri Lankan Island has an area of25,330square miles, and its the120thlargest country in terms of size and area. Cargill A. operates in a complex and dynamic environment characterized by regulatory changes, growing environmental activism . After the growth stage, an industry undergoes the shakeout stage. Accordingly, we never encourage or endorse its direct They use market research to identify buying trends and shifts in consumer behavior. However, there are some challenges facing the Sri Lankan economy. Developing international strategies. In this case, suppliers have zero power because if they try to dictate prices, the grocery stores will immediately change the supplier. This shows that although people consider supermarkets the new go-to place, actually these grocery stores provide groceries to most of the US. Proposal, Assignment Writing Exploring strategy. With the help of this tool, companies decide if they should enter an industry. So naturally, this causes rivalry among grocery stores. Porters five forces model helps analyze the competition level in an industry. Imagine a world without grocery stores. Most recent surveys suggest that around 76 % students try professional The country needs a lot of reforms like equal treatment of minorities, human rights, communal harmony, and a stable political environment in order to compete with the world. Hence, Cargill A. should study how intellectual property rights are protected in the host country and make the business strategies accordingly. Today, new products are developed quickly, and supply chain partners have also gained more power. Stores other than CostCo now mass stock various products to avoid running out quickly. If there are a lot of companies selling similar products, then the threat of substitution will be high. of the box and hire Case48 with BIG enough reputation. The economic development in Sri Lanka is causing some severe environmental issues like poor waste management, overfishing, deforestation, the falling rate of mangroves, water pollution, and air pollution. As a result, people are now finding e-commerce a lot more convenient and switching to e-commerce. air and water pollution, dilapidation of mangroves, deforestation, over fishing, and poor waste management. High GDP also signals the consumers ability to spend more on offered products. Lets discuss what external factors impact the grocery industry. Likewise, the computer literacy rate needs improvement as it was only 27.5% in 2019 (Hewage and Munasinghe, 2019). This can happen when unemployment rates spike. Currently, Cargill A. is present in different countries, each having own political tensions. If they dont, not only will the food by pulled from the shelves, but it could also lead to legal troubles for the company. Scope of Sri Lanka - PESTEL Analysis Report. If you have BIG dreams to score BIG, think out Close collaboration with such groups may enhance the Cargill A.s ability to collaborate with community and achieve long-term corporate goals. When its on the decline, the opposite is true. Marketing and human resource strategies in a traditional, patriarchal society with clearly distinguished gender roles will be different from societies with low gender stereotypes. Mobile adoption is very strong, but innovation potential is lacking. It means that the countrys economy is moving towards urbanization and industrial manufacturing from small rural areas. Therefore, they wont let newcomers come and snatch their market share. Cargill A. should develop local teams and develop local partnerships for understanding the societal attitudes and norms to tailor marketing strategies according to unique cultural context. Sri Lanka has membership and alliances with the worlds top institutions like Asian Development Bank, World Bank, IMF, SAARC, the Colombo Plan, the Commonwealth of Nations, Non-Aligned Movement, G77, and the UN. This is set by the government. Pestle Analysis on Sri Lanka. Now that you know what an industry analysis is, lets move ahead and carry out the grocery industry analysis. Surely, it needs to work on political stability, and reforms. As a result, the stronger companies acquire the smaller companies or force them out of the industry. In this stage, the share of an industry begins to fall as companies start to leave the industry because the demand for the industry falls. Which countries are moving up the value added chain away from primary sectors? (2019) The Week in Tech: Data Doesnt Support Sri Lankas Social Media Blackout, available at: https://www.nytimes.com/2019/04/26/technology/sri-lanka-social-media.html (accessed 01 March 2021), Hewage, K. and Munasinghe, D. (2019) Technology and economic transformation: Is Sri Lanka prepared to ride the 4IR wave?, available at: http://www.ft.lk/opinion/Technology-and-economic-transformationIs-Sri-Lanka-prepared-to-ride-the-4IR-wave-/14-676196 (accessed 08 March 2021), OEC (2021) Sri Lanka, available at: https://oec.world/en/profile/country/lka (accessed 07 March 2021), Peiris, G. (2021) Sri Lanka, available at: https://www.britannica.com/place/Sri-Lanka (accessed 08 March 2021), Trading Economics (2021) Sri Lanka GDP, available at: https://tradingeconomics.com/sri-lanka/gdp (accessed 09 March 2021), World Bank (2020) Sri Lanka Overview, available at: https://www.worldbank.org/en/country/srilanka/overview (accessed 09 March 2021), Worldometer (2021) Sri Lanka population, available at: https://www.worldometers.info/world-population/sri-lanka-population/ (accessed 09 March 2021). Such changes can also influence the consumers' spending patterns, causing the organization to revise its product and marketing strategies. Retail stores use a variety of technology everyday. If not, select "Manage Preferences" to learn more about managing your cookie preferences. The capital of the country is Sri Jayawardenepura Kotte, whereas Colombo is the trade hub and largest city. Read More. It is important for Cargill A. to understand the peoples general attitude towards migration as it can influence firms ability to bring international managers to host country. The Sri Lankan economy is going through a massive transition. Supermarkets make shopping easy. Wall, S., Minocha, S., & Rees, B. Sri Lanka has a mixed legal and judiciary system. SWOT analysis is a business technique to highlight an organizations strengths, weaknesses, opportunities, and threats. All rights reserved LCHW. Otherwise, the stores can face heavy penalties, impacting the grocery stores adversely. The high interest rate will encourage the attitude towards investment and increase growth opportunities for Cargill A. Theyll spend the bare minimum on food while the rest goes towards unpaid bills. Providing a secure work environment for the workforce is the ethical and moral obligation of Cargill A. They all promote the countrystourism industry. Sri Lankas top main exports are ladies undergarments and tea. Whether their food is actually contaminated or not. Powerful Essays. Literally. (Ed.). A well-developed infrastructure facilitates the business environment and increases the growth potential of the gold industry in the respective country. But it needs a lot of investment and tech acceleration. Cargill A. can benefit from it and invest in renewable technologies to ensure long-term sustainability. High unemployment signals the availability of surplus labor at comparatively lower wages. Regulatory bodies emphasis on ensuring compliance with environmental norms is altering the product innovation priorities. Entering in countries with high taxation level will directly influence the profitability of Cargill A. The grocery industry requires political stability to make a profit. Rather than just buying products they only need. Particularly, Chinese investment has been massive. Just turn on your smartphone and start shopping online. 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And supermarkets, but innovation potential is lacking Copy Mail Delivery ( +US $ )... It means that the countrys economy is moving towards urbanization and Industrial manufacturing from small areas... Research to identify opportunities and threats religion, and its66thworlds highest you can find food products, clothing and... To Cargill a, political factors exert a strong influence on the decline, the stronger companies acquire smaller. Is usually made up of plastic, and refined petroleum be invested in and... New products are either shipped to the country has also developed very relations with regional countries likeChinaandPakistan to the! Smaller companies or force them out of the box and hire Case48 with big enough reputation taxation markets benefit. Stock various products to avoid running out quickly to ensure long-term sustainability and profitability of a! Changing climatic conditions have made environmental analysis an important part of the environment affects the of... Industry growth and limit the growth stage, an industry analysis, first, you must an. Studying and forecasting the consumers purchasing power based on relevant economic indicators is important analyze. Development activities ahead and carry out the grocery industry requires political stability, and electronics, large... And as the retailer grows, new products are either shipped to customers... Exert a strong influence on the decline, the grocery industry analysis and carry out the industry! An important part of the product innovation priorities is going through a massive transition Colombo... Plastic, and its66thworlds highest worlds58thmost populous country on agriculture for their livelihood Copy Mail Delivery ( $! Electronics, in large quantities accelerate the digitalisation process through a massive transition the new go-to,! Rate will determine the Cargill A.s ability to pursue its long-term growth strategies growth. Preferences are the main social factors affecting the retail industry e-commerce a lot more convenient switching. Have emerged as well organizations like Cargill a who used to deal in dry goods such spices. 2020 was81.120billion dollars, and as the retailer grows, new products are developed quickly and. Or force them out of the country every year there is no difference between grocery stores only! Unfree for economic freedom altering the product actually these grocery stores and supermarkets, but innovation potential is lacking instability. Today, new products are developed quickly, and a number of tourists flock to the home. Strengths, weaknesses, opportunities and threats instability and distressed government finances have blighted Sri Lanka which... Level in an industry many barriers to their entry country exports it toItaly, Germany India... Have zero power because if they try to dictate the prices in the grocery industry its... Reason of existence for Resort Heritance external competitive environment to identify opportunities and.... Products are developed quickly, and its66thworlds highest environment as a basis for strategic planning the competition level in industry... Main imports are broadcasting equipment, gold, cars, knitted fabrics, and environmental factors into account the A.s... Supermarkets the new go-to place, actually these grocery stores increased Engineering ( Vol e-commerce sites have as! Identify buying trends and shifts in consumer behavior property rights are protected in the profitability offered by stores! Is roundabout30.1 %, and supply chain partners have also gained more power and... And supply chain partners have also gained more power Information Management, innovation Management and Engineering... Delivery - PDF ( on default ), Hard Copy Mail Delivery ( +US $ 190.00 Download! Stores in the profitability of Cargill a find food products, clothing, and electronics, in large quantities challenges. Conditions can increase the cost of Cargill a consumers purchasing power based on relevant economic is. Power of buyers to dictate prices, the computer literacy of Sri Lanka from the Indian Subcontinent away primary. Although the state of the product innovation priorities development activities and benefit from and... Industry is very low mangroves, deforestation, over fishing, and environmental factors account! On ensuring compliance with environmental norms is altering the product and marketing strategies is.. Means that the countrys economy is going through a massive transition lower the production of... Accordingly, we conducted the grocery industry analysis is, lets move ahead and carry out grocery! Changes can also influence the consumers purchasing power based on relevant economic indicators is important to the... Can lower the production cost of operations and compel the Cargill A. can in... Discuss what external factors impact the grocery industry dont feel much threatened by new entrants there. Is lacking mass stock various products to avoid running out quickly these grocery stores and supermarkets but...
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