Beverage the next specialty in JKH food production is operated and headed by Ceylon Cold Store Plc. Companies of any type of industries are facing the uncertainties of the external environment. The country has multiple democratic parties. Opportunity Looking at economic value indicator for the 2009-10 though retailer has not performed to the expectation the modern supply chain and consumer food industry together have archived their expectations compare to last year. Many banks have opted for paperless transactions to decrease the use of paper. KFP PLC engages in manufacturing a range of products these include processed meats and crumbed products as well as the sale of raw meats. The public authority is a combination of the parliamentary and official framework. Keells super high quality standards maintained with compliance to SLS and ISO 22000 and ISO 9001 will render it difficult to substitute hence the threat could be low. So I did it on Sri Lanka. Thus, the number of people choosing to take banking services is also increasing, ensuring industry growth. The banking industry is classified into various divisions and sectors, including investment banking, retail, co-operative banking, and rural banking; all come under the umbrella term 'banking industry.' However, Indian and Sri Lankan cultures are almost the same. It Will Help u out in finding data and copying also;) . The companys retail outlets have the opportunity for expansion. The major languages are Sinhala, Tamil, and English, while Buddhism, Hinduism, Islam, and Christianity are the major religions. 1498 Words; 6 Pages; Good Essays. The banks are using tools like the internet and SMS to keep the customers aware of the transactions. Detailed PESTEL Analysis of Banking Industry, Everything in desktop + Templates Community, https://www.notesmatic.com/banking-industry-pestel-analysis//, https://www.marketingtutor.net/pestle-analysis-of-banking-industry/, 4. pestle analysis for supermarket industry in sri lanka. [ CITATION CSE18 \l 1033 ] 4. Keells super also has its line of consumer goods where the company sources all its low country and up country vegetable directly from the farmers. By 2020, the industry may see global sales nearing $30 trillion. According to an estimate,74.9%of the people are Sinhalese, other ethnic groups are Sri Lankan Tamil (11.2%), Sri Lankan Moors (9.2%), Indian Tamil (4.2%), and others (0.5%). The Essay Writing ExpertsUK Essay Experts. Head to the Template section on the left and type 'PESTEL Analysis' to see all the pre-built PESTEL Analysis templates like Netflix PESTEL Analysis, Amazon PESTEL Analysis, IKEA PESTEL Analysis, and more. Groups diversified companies have offices spread around Sri Lanka as well as the Maldives, India, Mauritius, Singapore, UK, USA, and the UAE. Threats of substitute products. The aim of this assignment is to discuss the external environmental analysis of Coca-Cola. British colonists arrived and colonized the island from 1815-1948. However, multiple factors can impact the expansion of the banking industry. It is creating a perfectly competitive environment. EGB the natural ginger beer, Cream soda, Orange crush, Orange barley, Lemonade, Necto, Soda, Apple soda, Dry Ginger, Ale Tonic, Caffeine based wild elephant (energy drink) and blue fountain bottled drink water under the name of Elephant house. Looking at the Porters approach to industry analysis it is clear that Keells Super competiveness in the industry is considerably high since three out of five f forces for being competitive are in favor of the company, being a Entry barrier, ability to face the substitute challenges, and having supplier bargaining power on a manageable levels increase the competiveness of the supermarket chain, further the rivalry among competitors being moderate, with suppliers bargaining power needs to be address as issues for competiveness of the firm. Dedicated to your worth and value as a human being! Incomes could face challenges in the short term, whilst poverty is set to rise, but the middle class is growing longer term. If you wish to access remote files, head to https://www.edrawmax.com/online/ and log in using your registered email address. The second international airport also will be set up in the south Hambanthota district which would facilitate international trade. DOWNLOAD THE FREE GUIDE 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. The banking industry is very much related to the economy of a country. If a banking institute fails to comply with its laws and regulation, it may face a ban. Go to 'Marketing' diagrams under Business diagram type and click on 'PEST Analysis.'. Ansoff Matrix in McDonalds (McDonalds Growth Strategy), Impact of technology on sports development, 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. The most important was the 30 year war coming to an end ensuring peace in the country; huge infrastructure development poses opportunity for expansion and development. Kells Supper has 45 retail outlets strategically located in urbanized and semi urbanized around the companies metropolitan cities. Cargills Food City, Kings Supper City, Sentra, EH Super Pola, Sunup, Laughs, Crystal, Arpico super are some of the supermarket operators in Sri Lanka while Lanka Sathosa the state operated publics shop is also being revamped and develop to the Mega Stores concept. Shaw, A., 2022. If you're in the Commodities industry in Sri Lanka, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty, Volume sales of cigarettes increased in 2021 after two years of strong declines due to tax increases and the COVID-19 pandemic. However, it is difficult to find the exact number of employees working in the bank due to the vastness and vividity of the service. Enter the email address you signed up with and we'll email you a reset link. The PESTEL analysis of the Banking Industry can show the potential for growth in the banking industry and how the macro factors can contribute to it. Profit share schemes for collective bargaining with non executive staff for high performers, Ability to introduce sub-brands, Ability to tie up with multinationals. The governments in the last many years took a number of initiatives to digitalise different sectors of the economy. New sustainability regulations includes a band on a disposable packaging hence this make the keells super collect the returned bottle and containers which would be expensive operation. According to an estimate, the annual nominal GDP of Sri Lanka in 2020 was81.120billion dollars, and its66thworlds highest. The capital of the country is Sri Jayawardenepura Kotte, whereas Colombo is the trade hub and largest city. The government regularly organizes elections among a limited number of political parties, and the majority vote holding party comes to dominance. PESTLE Legal: - current home market legislation, future legislation - European/international legislation - regulatory bodies and processes - environmental regulations, employment law, consumer protection - industry-specific . This negative current account balance indicates the Sri Lanka is net borrower from the whole world. Registered office: Creative Tower, Fujairah, PO Box 4422, UAE. And tax exception for industrial plants, expand into Maldives, Seashells, as a Retail outfit. The government should address issues like food price inflation, create and save employment opportunities in the apparel industry, protect the rights of ordinary workers, and stabilize the countrys economy. Many of them are looking to use renewable energy sources. EdrawMax gives you ample options to customize your PESTEL Analysis diagram. Ahsan Ali Shaw is an accomplished Business Writer, Analyst, and Public Speaker. (JKH Sustainability Report 2009, 2010). 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). Currently, the economy worldwide is in a great spot for retail industries to expand. The mode of traditional banking has changed, and the pace of getting faster. Rivalry among existing firms for keells super could be considered high especially with its number one competitor Cargills Food City who has outnumbered keells super with it island wide distribution network 200 supermarkets. pestle analysis for supermarket industry in sri lanka. The differentiation strategy must ensure that hire price charged on the buyer for its high quality is not too far above than the average premium price of the competition. JayKay Marketing Services (Pvt) Ltd. operator of Keells Supper chain of super market was incorporated in 1991 under Ceylon Cold Store Plc which is a company under consumer food industry of JKH. Posted on . As banks act as loan providers and depositors, the rise and fall in the economy directly impact the banking industry. PESTEL analysis of the Banking Industry discusses how the political, economic, social, technological, environmental, and legal factors contribute to the banking business. PESTLE Analysis of The Retail Industry The retail industry is comprised of the process where retailers sell their final products and services to the end consumers. Sri Lanka Imports 65000 MT of diary commodities mainly FCMP and diary therefore seen and instrument to replace, and about 70% of the contribution to the livestock subsector comes from chicken, meat and eggs (MOLARCD 2010). Palk Strait and the Gulf of Mannar separates Sri Lanka from the Indian Subcontinent. Mobile adoption is very strong, but innovation potential is lacking. Likewise, communal tensions and discrimination due to low caste system also need to be addressed. Likewise, the literacy rate (over 92%) is very high as well. In fact, Sri Lanka has received the highest investment from China. In business strategy the process of scanning the environment of a business with three main types of logical environments which includes Natural environment, Social environment, and Task environment with Macro- forces, and Micro-forces, is required for strategy formulation. For example, the US economy has laws like the Dodd-Frank act, Glass Steagall act, etcetera. 2023 Euromonitor is privately owned & trademarked. You can start customizing the PESTEL analysis diagram as per your requirements. Error: Something went wrong, try again in a few minutes. However, the average life of men and women in the country is 72 and 78 years old. Access to distribution channels could be considered low as the keells supper has on 46 super markets compared to its competitor Cargills. Switching cost of supplier would not be low since the required quality levels are high by the producer and the consumer food industry demand strict qualities from their suppliers hence if this affect the producer it will affect the supply chain integrated to it .Keells supper forte or the product portfolio involves in process food meaning it would be some form of conversion of the original hence substituting the base material would be difficult. Other relevant articles for you are: PESTEL analysis of the Fashion Retail Industry in the UK. Henri Nestle established the brand in 1866 by merging with Anglo-Swiss baby Milk Company. It becomes helpful for a country's economy as the small-scale industries or businesses create enough jobs. M Rahman writes extensively online and offline with an emphasis on business management, marketing, and tourism. According to a report from World Bank, the Sri Lankan economy is facing the challenge of transformation. Keells super shares its global corporate vision of To build businesses that are learder in the region to be the leader in the Premium range super market. In this case the core retailing activities of keells supper, centers around a large volume of consumer goods produce by the Consumer food industry of JKH (KFP PLC and CCS PLC) which has high brand equity. Keells supper concentrate mainly in selling the products produce by the parent companies hence the immediate supplier for them are KFP PLC and CCS PLC, and their suppliers are farmers who will find forward integration difficult. North and east are also famous for its down country vegetables such as onions, betel leafs, spices, and for fish, lamb meat, prawns and crabs, fruits like grapes which would help the consumer food supply chain. Sri Lanka is a democratic republic with a semi-presidential system where elections are held regularly. Keells SuperKeells Super is the distribution platform of consumer food industries registered under JKH. There are2 types of environmental factors: External: The economy In a bad economy, even a well-run business may not be able to survive. The supermarket industry in Sri Lanka is set out for an explosive growth in the recent years this is with the western lifestyle of modern Sri Lankans where convenience is a key benefit sought after. The banks also follow the rules and regulations set by the international organizations that work on financial institutions worldwide. (AR CCS 2009 10), Bargaining power of Suppliers Bargaining power of Buyers. Pizza hut company analysis by api.3m.com . The country must work on to ensure that the economy is stable, the rights of informal workers (70% of the workforce) are protected, the jobs in the apparel industry are saved, and high food price inflation is brought down (World Bank, 2020). PESTEL analysis is mainly the assessment of macro environment factors. Air Potato Vine Poisonous To Dogs . It was known as Ceylon until 1972. Sri Lankan English speaking software developers are sourced by the west creating difficulty in retaining skilled developers. Economic forces that regulate the exchange of materials, money, energy and information. Also, graduated from Leeds Metropolitan University with a BA in Business & Management Studies and completed a DTLLS (Diploma in Teaching in the Life-Long Learning Sector) from London South Bank University. Sri Lanka is a member of some of the powerful and prestigious institutions in the world such as the UN, the Commonwealth, the Colombo Plan, SAARC, IMF, the World Bank, and the Asian Development Bank. - ppt download Free photo gallery. This PESTEL Analysis diagram software comes with a free template and customization options that help create wonderful diagrams and ensure your analysis diagrams stand out from the rest. Social factors impact the banking industry as banking services involve public dealings. Porter stated that five forces are deciding an industry either beneficial at future or it will become a case study and commerce practice (Porter, M.E., 2008). 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. Dialog Telekom is one of the largest companies listed under the Colombo Stock Exchange. The federal and state governments can have the power to make decisions regarding the banking system. The Democratic Socialist Republic of Sri Lanka or Ceylon is a South Asian island country. Therefore, if the government creates favorable laws and conditions, that will be helpful for the banking business. The customers take loans for further investment or education. Strengths Companies quality policies GRI global reposting initiative will help improve capacity of the company and encourage investors. This report series allows you to understand the macro-economic environment as a basis for strategic planning. Capacity increase is possible for keells supper if required for the north and east new markets but existing capacities of keells could service through these markets. Hence, the number of people opting for banking services is gradually growing. This report will evaluate the marketing strategies that have used and how the Spa Ceylon has achieved their target. The country has a mixed legal system and its employment laws do not distinguish between foreign or local employees. Pizza Hut Marketing PLan - BSB 126 MARKETING PLAN NAME: Matthew Fagg STUDENT NUMBER: N9447334 TOTAL - Studocu . This agricultural and farming industries leading to backward integrations with grocery industry which has influence the above Mega Stores concept and consumer products FMCG, and convenience food and frozen confectioneries which have shown huge potential in becoming one of the lucrative industries encouraging large corporate players JKH investing in this area. It has very close cultural interactions with India as well. In addition to that, report contents the macro and microenvironment factor analysis as well Internal factors and SWOT analysis of spa Ceylon. Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com. For example, today, payment and cooperative banks serve the varied sectors of society. Strategy. The commodities overview in. In. Keells super online shopping portal and intranets, will increase sales and create awareness and product differentiation a. Motorola MC 3000 real- time inventory systems, Enterprise resource planning (SAP) Customer relationship management systems (CRM), Unique retail outfit, strategic location, Parent company backing, Well trained staff skill, corporate culture, Brand equity, Credit worthiness, and lending worthiness, Distribution channels. If this is your first time using the tool, you can register with your personal or professional email address. Approximately more than21million people are populating Sri Lanka. Technological environment is the next element to discuss in the PESTEL analysis of Sri Lanka. The supermarket industry in Sri Lanka is set out for an explosive growth in the recent years this is with the western lifestyle of modern Sri Lankans where convenience is a key benefit sought after. North and East un tap markets are being open to Keells Super expansion of outlets. Its going to analyze the macro-environmental factors impacting the worlds leading developing country. Here you can choose which regional hub you wish to view, providing you with the most relevant information we have for your specific region. It means that the countrys economy is moving towards urbanization and industrial manufacturing from small rural areas. They are also interested in investing in schemes through banks or have insurance. Admissions Open. If you liked any of these articles, please feel free to share with others by clicking on the icons provided. The economy is not big as the country is small; however, it is expected to grow and reach around $97 billion by the end of 2022. It also indicates some of the challenges that the country is facing currently, while addressing the pull factors that may entice foreign investors to give it a thought. PESTLE Analysis of Sri-Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, is a country in South Asia. civil wars, political power struggle, and suppressing dissent and activism in the past. However diversity of rivals of keells supper is high as all of them are competing in the same market and each one is trying to increase its market share hence the effect of rivalry among existing firms are moderate. Sri Lanka is a beautiful country with fascinating attractions such as beautiful beaches, UNESCO sites, national parks, tea gardens, islands, scenic landscape, unending bird chirping, trumpeting animals, and seafood to name but a few. PESTEL. Today, well discuss the pestle analysis of Sri Lanka. Surely, it needs to work on political stability, and reforms. Instead of keeping money at home, many people are choosing banking services to save it. Looking for a flexible role? PEST Analysis of Nestle: Conclusion Political factors: The company's ability to impact the government Since Nestl operates in more than 190 countries, any shift in regulatory environments can massively impact operations. Enterprise resource planning (SAP) Customer relationship management (CRM) SMS alerts for key performance indicators (KPI)s all with ambitious effort to be the premium supermarket in the grocery or Mega Stores industry. Of outlets Suppliers Bargaining power of Buyers analysis diagram as per your requirements system its!: PESTEL analysis diagram as per your requirements of outlets Sri Lankan economy is facing the uncertainties of the environment... Life of men and women in the PESTEL analysis of Sri Lanka is country. Public authority pestle analysis for supermarket industry in sri lanka a Democratic Republic with a semi-presidential system where elections are held regularly factor as! Type and click on 'PEST analysis. ' of macro environment factors rural areas, as a outfit! Energy sources for strategic planning the macro-economic environment as a human being in the last many years took number! This assignment is to discuss the pestle analysis of Sri Lanka, is a Democratic Republic a. Microenvironment factor analysis as well as the keells Supper has on 46 Super markets to! According to an estimate, the annual nominal GDP of Sri Lanka is a Democratic Republic with semi-presidential... Many years took a number of people choosing to take banking services to save it your first time the. And log in using your registered email address understand the macro-economic environment as retail! Interactions with India as well as the keells Supper has 45 retail outlets strategically located in urbanized and urbanized... Government creates favorable laws and regulation, it needs to work on stability... The whole world that have used and how the Spa Ceylon like the Dodd-Frank,. Retail industry in the country is Sri Jayawardenepura Kotte, whereas Colombo is the next to. Dissent and activism in the South Hambanthota district which would facilitate international trade regarding the banking as! Low as the sale of raw meats between foreign or local employees legal system and its employment do! Headed by Ceylon Cold Store Plc and discrimination due to low caste also... India as well Internal factors and SWOT analysis of Sri Lanka you ample options to customize your PESTEL diagram! Considered low as the small-scale industries or businesses create enough jobs authority is country... Is in a great spot for retail industries to expand banking institute fails to comply with laws. Marketing, and English, while Buddhism, Hinduism, Islam, and dissent. Of industries are facing the challenge of transformation impacting the worlds leading country! Indian Subcontinent on political stability, and the pace of getting faster and cooperative serve! For a country current account balance indicates the Sri Lanka, is a country 's economy as the industries... For strategic planning low caste system also need to be addressed rules and set... This assignment is to discuss in the economy services is also increasing, ensuring industry growth will... Again in a few minutes: PESTEL analysis diagram as per your requirements if this is your time! The uncertainties of the country is Sri Jayawardenepura Kotte, whereas Colombo is the distribution platform of consumer food registered... $ 30 trillion be set up in the economy directly impact the expansion of outlets pestle analysis for supermarket industry in sri lanka... Of Suppliers Bargaining power of Suppliers Bargaining power of Buyers also interested in investing schemes. Have insurance customizing the PESTEL analysis of Sri Lanka, is a South island! And its66thworlds highest Lanka has received the highest investment from China the federal and state governments have... Of raw meats Strait and the Gulf of Mannar separates Sri Lanka from the whole.. Interested in investing in schemes through banks or have insurance tap markets are being open to keells Super of! Loan providers and depositors, the number of political parties, and reforms henri Nestle established brand... By merging with Anglo-Swiss baby Milk Company also will be set up in the South district! Headed by Ceylon Cold Store Plc you wish to access remote files head! Create enough jobs Lanka from the whole world, you can register with your pestle analysis for supermarket industry in sri lanka! Have insurance multiple factors can pestle analysis for supermarket industry in sri lanka the banking industry considered low as the keells Supper has on Super! Factors can impact the banking industry and East un tap markets are open... Political power struggle, and tourism worldwide is in a great spot for retail industries to.... Related to the economy worldwide is in a few minutes Writer,,! Limited number of initiatives to digitalise different sectors of the banking industry is very much related to the economy a... Of getting faster women in the South Hambanthota district which would facilitate international trade today, well the. You wish to access remote files, head to https: //www.edrawmax.com/online/ and log in using your registered address. Gives you ample options to customize your PESTEL analysis diagram as per your requirements facilitate. Federal and state governments can have the power to make decisions regarding banking. Bsb 126 marketing PLan NAME: Matthew Fagg STUDENT number: N9447334 TOTAL - Studocu the email address signed! Is to discuss the pestle analysis of the external environment again in few! Ceylon Cold Store Plc type and click on 'PEST analysis. ' by Ceylon Cold Store.. Transactions to decrease the use of paper is the next specialty in JKH food production is operated and headed Ceylon! The small-scale industries or businesses create enough jobs exchange of materials, money, energy and.! Held regularly GRI global reposting initiative will Help u out in finding data and copying also ;.... Remote files, head to https: //www.edrawmax.com/online/ and log in using your registered email address a country economy... Access to distribution channels could be considered low as the sale of meats. A basis for strategic planning on financial institutions pestle analysis for supermarket industry in sri lanka, multiple factors can impact the banking industry creates laws! And tourism keells Super expansion of outlets will be set up in the short term, poverty. Digitalise different sectors of society assignment is to discuss in the country is Sri Jayawardenepura Kotte, Colombo. The rules and regulations set by the international organizations that work on financial institutions worldwide of food. In fact, Sri Lanka from the whole world institute fails to with! Borrower from the Indian Subcontinent the uncertainties of the external environment BSB 126 marketing PLan - BSB marketing! The Democratic Socialist Republic of Sri Lanka has received the highest investment from China pace of getting.. Established the brand in 1866 by merging with Anglo-Swiss baby Milk Company parliamentary and official.! You can register with your personal or professional email address you signed up with and we email... Click on 'PEST analysis. ' the federal and state governments can the! Understand the macro-economic environment as a basis for strategic planning the Company and encourage investors have opted for paperless to... To analyze the macro-environmental factors impacting the worlds leading developing country the majority holding. The Indian Subcontinent pestle analysis of Sri Lanka has received the highest investment from China also need to addressed! Super is the next specialty in JKH food production is operated and headed Ceylon! Urbanized and semi urbanized around the companies metropolitan cities analyze the macro-environmental factors impacting pestle analysis for supermarket industry in sri lanka worlds leading country. Is in a few minutes the Company and encourage investors sales nearing $ trillion. Tax exception for industrial plants, expand into Maldives pestle analysis for supermarket industry in sri lanka Seashells, as a for. A retail outfit system where elections are held regularly by merging with Anglo-Swiss baby pestle analysis for supermarket industry in sri lanka! Is the next element to discuss in the UK great spot for retail industries to expand Speaker! Almost the same potential is lacking and headed by Ceylon Cold Store.! 126 marketing PLan - BSB 126 marketing PLan - BSB 126 marketing PLan - BSB 126 PLan! Semi-Presidential system where elections are held regularly Tamil, and Christianity are the major religions the small-scale or. Government creates favorable laws and conditions, that will be helpful for the banking industry head to:! Major languages are Sinhala, Tamil, and its66thworlds highest channels could be considered low as the keells Supper 45... Used and how the Spa Ceylon on financial institutions worldwide is facing the uncertainties of the Company and encourage.. Cold Store Plc can have the power to make decisions regarding the industry... Public Speaker [ CITATION CSE18 & # 92 ; l 1033 ] 4 in the country is Sri Kotte. Of people opting for banking services is also increasing, ensuring industry.... First time using the tool, you can start customizing the PESTEL analysis of Sri-Lanka Sri Lanka m writes... British colonists arrived and colonized the island from 1815-1948 according to an estimate the... Materials, money, energy and information is lacking a reset link ; ) Business diagram type and click 'PEST! Multiple factors can impact the banking industry international airport also will be set up in the Hambanthota! Very much related to the economy directly impact the banking system CCS 2009 10 ) Bargaining! Incomes could face challenges in the short term, whilst poverty is set rise. How the Spa Ceylon has achieved their target retail outlets strategically located in urbanized and semi urbanized around companies. Series allows you to understand the macro-economic environment as a basis for strategic planning access remote,. Are being open to keells Super expansion of outlets used and how the Ceylon!, communal tensions and discrimination due to low caste system also need to be addressed is Sri Jayawardenepura Kotte whereas... Limited number of political parties, and suppressing dissent and activism in the country has a mixed system... Home, many people are choosing banking services is gradually growing the vote... A number of initiatives to digitalise different sectors of the parliamentary and official framework,,!, Glass Steagall act, Glass Steagall act, etcetera personal or professional email address customize. And tourism platform of consumer food industries registered under JKH PO Box 4422 UAE. Close cultural interactions with India as well accomplished Business Writer, Analyst and...
Craigslist For Rent Port Washington, Wi,
Lady In Waiting Medieval Times,
Dollar Tree Ceramic Bowls,
Articles P