This highlights the role of governments. Similarly, the leading five companies in the market in Latin America held a share of just over 47% in 2014. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. Using the PESTEL framework identify which of the factors are impacting the tourism industry in your country. Chocolate MARKET VALUE | 76299.7 | 85474.8 | | 93287.6 | | 89619.1 | | 94793.2 | | 102334.9 | Using the PEST analysis to assess the macro environment of the newspaper industry shows that the technology and recession are two of the major factors that have been affecting the newspaper industry as well as the socio cultural side. The political environment (Refer Section 1 in Appendix 01) does not favour Fonterras operating environment with heavy control over milk powder pricing. Hotel The telecom industry plays an important role in the world economy and global revenues in 2008 were ~USD 4 trillion expected to grow at a steep 11%, Premium Europe, PESTEL Framework Travel By considering these factors, businesses can develop strategies to mitigate risks and capitalize on opportunities, and position themselves for success in an increasingly competitive market. https://pestleanalysis.com/pest-analysis-of-hershey-company Pieter de Kroon 0824542 International trade All these actions can encourage competitiveness and open new market opportunities. Recent studies shows that markets for childrens wear, Premium *Net Working Capital = Current Assets - Current Liabilities, (Net Profit + Interest & Bank Charges) / Interest & Bank Charges), This ratio calculates the average number of times that interest owing is earned and, therefore, indicates the debt risk of a business. * 10.4% of total GDP Eastern Europe Approximately 75% of its business is outside of the United States with a strong presence in emerging markets, which come up to approximately 37% of their entire sales. Gonggrijp said due diligence legislation is a possibility, but she argued it may not have a short-term impact; sustainable production and trade for SDGs remains a long-term goal, she said, and it was important to focus on law enforcement to help the sector on an economic and political level. Impact of fluctuations in foreign currency exchange rates 2. You may not submit downloaded papers as your own, that is cheating. Such a decrease in the supply of raw materials may only imply an increase in the price of product output which might not be essentially good for the consumers.