In addition to this, you can go ahead and change the background color, modify the text, add hyperlinks, add multiple pages, add images, and even add vector-enabled texts to your PESTEL analysis diagram. The country has multiple democratic parties. JKH is also the first Sri Lankan company to obtain a listing abroad and is quoted in the Luxembourg stock exchange. Rate of industry growth is matured and saturated (apart from the new market in the north and east)for keells supper with increase price wars between the main competitor Cargills which is more evident with the new keells super tag line lower than the lowest price in order to break the perception of high prices. Over the years, the banking industry has reached magnificent customers and created millions of jobs. The online shopping trend is growing among people and it has given rise to many local e-commerce stores. Always keeping abreast of the industry through strategic investments in state of the art food processing technology and constant R & D orientation, companywide quality control system such as ISO 22000 certification, which has transformed the KFP PLC to the market leader it is today. Competition from other business otesmatic. Efforts to reduce energy consumptions and carbon foot print. Many of them are looking to use renewable energy sources. Customers are getting attracted to better interest rates and customer service. A nation's political condition and governmental decisions have a massive impact on the banking industry. john carroll university football record.. pestle analysis for supermarket industry in sri lanka Keells SuperKeells Super is the distribution platform of consumer food industries registered under JKH. This tool is very useful which help in overall growth and development of organization after learning from the past mistake and working for future. 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). Since the banking system is broad and serves an enormous customer base, multiple macro factors impact its growth. Here you can choose which regional hub you wish to view, providing you with the most relevant information we have for your specific region. Pizza hut company analysis by api.3m.com . Technological factors affecting Sri Lanka. The report also provides data for, The commodities country overview provides comprehensive data on production, consumption and price trends in key commodities markets. EdrawMax lets you share your PESTEL Analysis diagram on social media platforms, like Facebook, Twitter, Line, etc. 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. (Perera 2006) The traditional grocery store concept has been evolving in to a Mega Stores and the heavy discounter concept which carry all the goods shoppers want (Stanton 2007). 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. Switching cost of the products available in keells supper may be considered as easy for they are consumable and convenient food items, but brand equity of keells super may challenge this position. Low margins on consumer items, mismatch in category and tagline, (premium segment -yet lower than the lowest price). Due to Dialog the Sri Lankan mobile industry has achieved new heights and has come at par with the developed world. Small organizations use payment methods like credits and debits, which is helpful for the banking industry. 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. Economy forces. 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%). Sri Lanka is an agriculture base country primarily it has 2 million hectares or 30% agricultural land, and almost 75% of the agricultural land is under small holdings and the balance is under estates. Admissions Open. 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. However, Condliffe (2019) reports that social media particularly Facebook, have been used to spread false information to bring about social disturbance and disharmony in the country. So I did it on Sri Lanka. PESTEL analysis for Glomark, SWOT analysis for Glomark, current marketing mix of the Glomark are discuss here. Profit share schemes for collective bargaining with non executive staff for high performers, Ability to introduce sub-brands, Ability to tie up with multinationals. Our Aldi PESTLE Analysis helps you identify the external factors that impact the operations of Aldi, one of the top 3 grocery stores in the US. This is possible since Keells Super sell FMCGs and competitors could substitute these products, however the competitor might have to out run the keells supper brand equity and the production capacities which renders benefits of economies of scale. Pratap, A., 2022., [online]. There are strict laws for banking dealing with local and international customers. Access to distribution channels could be considered low as the keells supper has on 46 super markets compared to its competitor Cargills. Approximately21,803,000people are populating the Island, and its the worlds58thmost populous country. The 2013 Import and Export Market for Tea in Sri Lanka By Professor Philip M. Parker Ph. Table of Contents Sri Lanka is a country located in the Indian Ocean rich of Eco resources, having fabulous places, jungles, mountains, views to view. 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. British colonists arrived and colonized the island from 1815-1948. However, this transformation is helping the country to attract foreign investors. Also the PESTLE analysis helps the company to achieve its objectives by identifying the trends and factors which are affecting Coca-Cola operations on International Scale. 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. Our consulting team answers your commercial questions with data and insights generated by our research experts, industry knowledge and 1,200 on-the-ground analysts in 100 developed, emerging and frontier markets. Though the banking industry does not impact the environment directly, there are some indirect effects. In addition to that, report contents the macro and microenvironment factor analysis as well Internal factors and SWOT analysis of spa Ceylon. Click on 'Use Immediately' to import the template's contents to the EdrawMax canvas. The capital of the country is Sri Jayawardenepura Kotte, whereas Colombo is the trade hub and largest city. This detailed PESTEL analysis of Sri Lanka aims to explore some of the powerful macro factors that impact on Sri Lanka today and may continue doing so in the future. 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. Use the PEST symbols from the left side and add the content to your PESTEL analysis diagram. Multinational firms like Nestl have a greater risk of production bottlenecks because of governmental policies and changes. Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. Millennials and students prefer to carry their debit and credit cards. Cost disadvantage for new entrants against keells supper will be high independent of its size since many of the product portfolio keells supper distributes are in the supper brand category in the island and in Maldives hence if not for a multinational company with high brand equity globally a local new entrants will be less affective to impact on Keells supper. Assignment on analysis of business environment. Michael Porter proposes two generic competitive strategies for outperforming other corporations in a particular industry: lower cost and differentiation. The chi-square test was used to analyze the data. Here are some ways the socio-cultural factors affect the banking industry -. The Keells super product range is backed by both KFP PLC and CCS PLCs immense production capacity which is catering for the international market as well hence their economies of scale could be considered very high. Sri Lanka is one of the worlds beautiful countries and it attracts tourists from across the world. Pestle analysis of Sri Lanka. Companies of any type of industries are facing the uncertainties of the external environment. However, there are some social issues challenging Sri Lanka today. New budget proposal indicates tax relief for year at hand. The Democratic Socialist Republic of Sri Lanka or Ceylon is a South Asian island country. This paper attempts to identify the key factors influencing the retention of insurance agents in Sri Lanka. When the economy falls, the banking industry gets negatively impacted because economic conditions like inflation and recession influence the individual's spending habits. Here you can choose which regional hub you wish to view, providing you with the most relevant information we have for your specific region. Study. Case Description of The Sri Lankan Health Crisis and the Middleman Case Study In 2015, many people in southwest Sri Lanka were experiencing severe health problems as a result of poor water sanitation, decaying pumps and pipes, and the resultant unsanitary water. In fact, Sri Lanka has received the highest investment from China. Should we compete on the basis of lower cost (and thus price), or should we differentiate our products or services on some basis other than cost, such as quality or service? It could be observed that there had been times in the process meat and dairy products industry the local supplies have not been adequate and the companies had to import the material to supply the current demand and high cost was absorbed by the company. These strategies are called generic because they can be pursued by any type or size of business firm, even by not for- profit organization. M Rahman writes extensively online and offline with an emphasis on business management, marketing, and tourism. However, they are tied to privacy and consumer laws, which prevent them from sharing any such personal data of the customers. (JKH Sustainability Report 2009, 2010). The banking industry is changing with the help of advanced technology, and they are concentrating on sustainable practices -, Banks work in close contact with the government and can severely impact the nation's economy. The Democratic Socialist Republic of Sri Lanka or Ceylon is a South Asian island country. Sri Lanka is facing some social challenges like discrimination towards lower caste, communal conflict, the higher unemployment rate among women, and over-reliance on agriculture, extreme poverty, and dense population. EdrawMax has thousands of free templates. 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. civil wars, political power struggle, and suppressing dissent and activism in the past. Where should we focus our expansion strategy? PEST Analysis is a very advanced way to determine the external parameters that affect a business or industry. 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 The Commodities in Sri Lanka report includes: Analysis of the country's political and macroeconomic stability Threats of substitute products. Dialog Telekom is one of the largest companies listed under the Colombo Stock Exchange. Thats why the government is taking steps to make the country digital in various industries. 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. 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. Synopsis Understand the political system in Sri Lanka through analysis of key figures in the country and governance indicators. All work is written to order. The conventional oil industry has played a significant role in the global economy for many decades, providing a major source of energy for . The banking industry is one of the dominant parts of the country's economy. This report series allows you to understand the macro-economic environment as a basis for strategic planning. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. Technological advances have helped the bank to provide customers with a safe-and-secured service. Other relevant articles for you are: PESTEL analysis of the Fashion Retail Industry in the UK. Our site uses cookies to improve functionality. Therefore, if the government creates favorable laws and conditions, that will be helpful for the banking business. Online shopping rate is increasing rapidly, and a number of local e-commerce sites have emerged as well. The Keells Super is also equipped with the range of products from the convenient food to cold food, canned food, carbonated beverages, and cold confectionaries items, and is backed by the high level of aggressive advertising providing high level of product differentiation. But keells super can increase its distribution since its backed by JKH one of the biggest companies in Sri Lanka. Encourage the management of the company to source where possible for open source software as to counter the affect of the increasing cost of licensed software. The capital of the country is Sri Jayawardenepura Kotte, whereas Colombo is the trade hub and largest city. pestle analysis for supermarket industry in sri lanka March 14, 2023. Follow this link to learn more about our cookie policy and how we use cookies. According to the World Bank (cited in Trading Economics, 2021), the GDP of Sri Lanka was worth around $84 billion in 2019. 2.0 INDUSTRY ANALYSIS: PESTEL FRAMEWORK Premium World Trade Organization Free trade International trade. 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. Many banks have opted for paperless transactions to decrease the use of paper. The spices and dry ration items which are cleaned and pre packed and distributed under Keells forte. 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. You can download the paper by clicking the button above. 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. Instead of keeping money at home, many people are choosing banking services to save it. They are also interested in investing in schemes through banks or have insurance. In EdrawMax's Pestle Analysis of the banking industry we will find out how political, social, economic, technological & legal factors affect the banking sector. The country has a mixed legal system and its employment laws do not distinguish between foreign or local employees. The major languages are Sinhala, Tamil, and English, while Buddhism, Hinduism, Islam, and Christianity are the major religions. Through the PESTEL analysis, several key drivers of change that influence the IT industry in Sri Lanka can be derived. Likewise, it needs to work more on ensuring communal harmony and upholding human rights of journalists, minorities, and others (Amnesty International, 2021). (vitag.Init = window.vitag.Init || []).push(function () { viAPItag.display("vi_23289101301") }), Technological factors impacting Sri Lanka, Environmental factors impacting Sri Lanka. 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. Some factors will be more important to different types of businesses, and a PESTLE analysis will help identity risk factors for the SWOT analysis. The global assets the banking industry is dealing with are trillion dollars. The journey of KP began in 2001 as an independent . Sri Lanka is a South Asian country that has a rich cultural heritage. Make Pestel Analysis Diagram Now 1. The federal and state governments can have the power to make decisions regarding the banking system. 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. PESTLE Analysis of Pizza Hut in Sri Lanka - Academia Analysis . The current population of Sri Lanka is just over 21 million (Worldometer, 2021). After the pandemic, many businesses have encouraged their customers to do online transactions. Sociocultural forces that regulate the values, mores and customs of society. Keells Supper is retailer the supply chain which links their unique range of product with powerful brand equity to the consumer making the JKH consumer foods & retail industry a power house. If you want to draw the PESTEL analysis diagram from scratch, you can click '+.' Online banking is gaining popularity, making the banking system highly dependent on technology. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs. Kells Supper has 45 retail outlets strategically located in urbanized and semi urbanized around the companies metropolitan cities. Semi urbanized around the companies metropolitan cities ' to Import the template contents! 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