Market Growth, Challenges and Prospects, available at http: The achieve success in such a dynamic Grocery Stores industry across various countries is to diversify the systematic risks of political environment.
Whole Foods Market now has more than 70, employees in more than locations in the U. Also, Whole Foods Market can adjust its pricing strategy to address the threat of the rising wealth gap. Skill level of workforce in Grocery Stores industry. This food industry has introduced the automation technologies to enhance the sale of their products.
If they follow these policies, then they can improve the standard and image of the brand Pauline Meyer, However, there are some notable threats, such as global warming and rising labor costs in developing countries.
The mentioned factors covered in this article could be positive or negative for organize food industry, however determining those factors proactively helps the firms operating in this industry to devise the strategies to capitalize on the available opportunities and eliminate or minimize the threats.
The company also has the opportunity to offer a more diverse product mix to match the rising cultural diversity of its target consumers. There is consistent change in the economies of the countries as if they have economic stability, then they can increase the sale of their products and flourish their business rapidly.
The attitude of the consumers is complex about the organic food and they link it with their consciousness, identity, ethics and environment about food. If the government has sense of healthy policy in the country, then it will encourage the agriculture sector to grow healthy food products for its people and it will create comparatively easy and convenient legislation to increase the production in the country.
Risk of military invasion Level of corruption - especially levels of regulation in Services sector. The organic food industry uses some different channels for the sale of their products, which are mail order, super markets, specialized shops and direct sale.
Economic stability opportunity Higher employment rate in the U.
It is also changed from country to country. People are now thinking about healthy lifestyle and they are turning to the good food, which can give health and meet their food requirements.
The firm has used acquisitions as a major expansion strategy. There are some economical factors, which can help to grow its business and they can play vital role in increasing the demands of the clients Yasemin Oraman, The Macro environment factors such as — inflation rate, savings rate, interest rate, foreign exchange rate and economic cycle determine the aggregate demand and aggregate investment in an economy.
Moreover, the firm can build new stores and expand overseas to address the threat of antitrust law in the U. When the labor cost is increased, then the supply cost and the selling prices of the products will also be increased.
The government needs to create awareness in the people about this changing trend as they want to make their population healthy and makes policies for the agriculture sector.
There is cultural diversity, which is increasing and organic food brands have to take care of it. Social Factors The social sector has the impact of eating habits of the people and their local trends of food.
Technological Factors Technology is used to get the competitive advantage over the competitor brands. Whole Foods Market, Inc. They also need to check the necessary regulations for production, processing and marketing of vegetable and livestock products, which are shared with the brands to comply with it Yasemin Oraman, The organic food companies need to focus on the environmental protection law, antitrust law, and labor law, which can ensure the safety of the business and the workers.
Education level in the economy Labor costs and productivity in the economy Business cycle stage e.Get the summary SWOT & ultimedescente.com report delivered straight to your email inbox for free. Our insightful and holistic reports have helped corporate,academia and researchers to.
Whole Foods Company Overview Words | 6 Pages. The Whole Food’s Mission is Whole Food, Whole People, Whole Planet. Whole Foods consist of the highest quality, least processed, most flavorful and naturally preserved foods available locally and grown from all over the world.
Whole Foods Pestle This essay Whole Foods Pestle is available for you on Essayscom! Search Term Papers, College Essay Examples and Free Essays on Essayscom - full papers database. This is the detailed PEST or PESTLE analysis of organic food industry which discusses the political, economical, technological, environmental and legal factors of the industry.
The mentioned factors covered in this article could be positive or negative for organize food. Whole Foods Market, Inc.
PESTEL analysis is a strategic tool to analyze the macro environment of the organization. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Whole Foods Market, Inc.
Whole Foods Market was founded in Whole foods’ vision is to create an international brand and change the diet of customers. Its vision has assisted to remain as .Download