However, Sri Lanka also faces some environment challenges e.g. Admissions Open. A nation's political condition and governmental decisions have a massive impact on the banking industry. 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. After technological advancement, the model of banking is changing. Technological factors affecting Sri Lanka. PESTLE Analysis of Sri-Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, is a country in South Asia. 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. If your specific country is not listed, please select the UK version of the site, as this is best suited to international visitors. This mindset of using less cash is helpful for the banking industry. Let's look at Tourism today. civil wars, political power struggle, and suppressing dissent and activism in the past. 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). Bargaining power of the suppler appears to be high for keells supper since they are core industries and premium brands are specific about their supplier and quality of the item. Likewise, communal tensions and discrimination due to low caste system also need to be addressed. Threat of New Entrants will add new capacity also the new entry would have a desire to gain market share and substantial resources. 5 GAP Analysis Tools to Help a Business Analyst in Strategic Management GAP analysis tools include SWOT and PEST analysis, the Fishbone diagram, McKinsey 7S, and the Nadler-Tushman Congruence Model. Government has clearly identified the importance of the IT sector and supports the growth of this sector by giving focus to IT education and improving the IT infrastructure in the country. With the identification of above criteria, company decided to enter for the modern trade industry of Sri Lanka with retail supermarket chain. Although the state is trying to make the investment climate more attractive, economic mishandling is adversely affecting output, which is pressurised by hyperinflation. [online] notesmatic. The laws see that NPA does not have an enormous effect on the banking industry. Enter the email address you signed up with and we'll email you a reset link. pestle analysis for supermarket industry in sri lanka March 14, 2023. Is mankinds social system that includes general forces that do not directly touch on the short-run activities of the organization that can, and often do, influence its long-run decisions. The government, therefore, has strict regulations to control the bank business. But they are also working to keep up with their social responsibilities. Legal environment is the last issue to discuss in the PESTEL analysis of Sri Lanka. The banking sector is helping the small business and small-scale industries to grow. So I did it on Sri Lanka. Pratap, A., 2022., [online]. Known until 1972 as Ceylon, Sri Lanka is an island surrounded by the Indian Ocean.as a result of its location in the path of major sea routes, Sri Lanka is a strategic naval link between West Asia and South East Asia and was colonized by Portuguese, Dutch and English . john carroll university football record.. pestle analysis for supermarket industry in sri lanka What are the best sectors for investment? 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. Sorry, preview is currently unavailable. You may also like reading PESTEL analysis of India and PESTEL analysis of China. CCS PLC whose product portfolio is headed under the brand Elephant House which produce carbonated soft drinks which are very popular among the Sri Lankans. 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. The Democratic Socialist Republic of Sri Lanka or Ceylon is a South Asian island country. Our premier, award-winning syndicated market research database provides detailed data and analysis on industries, economies, countries and consumers across 781 cities, 210 countries.. (vitag.Init = window.vitag.Init || []).push(function () { viAPItag.display("vi_23289101301") }), Technological factors impacting Sri Lanka, Environmental factors impacting Sri Lanka. After the pandemic, many businesses have encouraged their customers to do online transactions. Writing. The foreign investors may feel reluctant to invest due to the change in currency conversion rate, thus, affecting the bank's business. Political - turmoil, Economy - shambles, Social - upheaval, Technology - fallout as no power, Environment - distraction due to poor policy implementation, Legal - politicised hence no consistency. 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. A PESTLE analysis is a useful tool for understanding the 'big picture' of the environment in which an organisation is operating. (www.news.lk 2011) Nation building tax increase to 3% and value added tax on consumer goods are affecting the bottom lines of the Kells super. Pratap, A., 2022. Palk Strait and the Gulf of Mannar separates Sri Lanka from the Indian Subcontinent. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs. Also with the value engineered state of the art production facilities which is backward integrated to the keells super, supermarket range. They are also taking part in environment-friendly projects and keeping their locality clean. Millennials and students prefer to carry their debit and credit cards. Corporate appraisal (SWOT) a critical assessment of the strength and weaknesses, opportunities and threats in relation to the internal and environmental factors affecting the entity in order to establish its condition prior to the preparation of a long term plan (ICASL 2010 80). However, there are some challenges facing the Sri Lankan economy. The Total Pestle Analysis of Sri Lanka. SLS complaisance and ISO 22000 and ISO 9001 will increase sales in the new regions in the North and East. Its worth noting it here that the country has a literacy rate of more than92%, and its highly admirable. Sri Lanka should accelerate its growth in the tech industry if the country wants to develop. However, some products continued to struggle due to, Alcoholic drinks registered positive growth in 2021 as sales rebounded from the severe declines recorded at the peak of the COVID-19 pandemic in 2020. PESTLE Analysis of Pizza Hut in Sri Lanka - Academia Analysis . In EdrawMaxs Pestle Analysis of the banking industry we will find out how political, social, economic, technological & legal factors affect the banking sector. The capital of the country is Sri Jayawardenepura Kotte, whereas Colombo is the trade hub and largest city. You can download the paper by clicking the button above. And tax exception for industrial plants, expand into Maldives, Seashells, as a Retail outfit. Dialog Telekom is one of the largest companies listed under the Colombo Stock Exchange. 1498 Words; 6 Pages; Good Essays. 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. 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. The federal and state governments can have the power to make decisions regarding the banking system. The rate of financial literacy is going up. PESTEL Analysis, SWOT Analysis and Risk Analysis of Sri Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, is an island country in the northern Indian Ocean off the southern coast of the Indian subcontinent in South Asia. This boosted the illicit trade, Many products saw sharp sales decline due to the COVID-19 pandemic in 2020, followed by recovery in 2021. In today's business scenario most of the companies are astonished by the amount and type of changes taking place in their external environment. Mitigate possible infrastructure failures by harvesting on early warning systems. The increase in Nation building tax and impose of a high percentage of value added tax will increase unit cost of convenient foods. By 2020, the industry may see global sales nearing $30 trillion. Particularly, Chinese investment has been massive. Looking further into the analysis proves that this competitive strategy could be best approach to retain competiveness of other forces, since keels super can and has build unique brands which have high brand loyalty giving them big margins on brand equity. Pestle analysis of Sri Lanka. Macro- environment which is the social environment in the environment scan is with four main general forces that do not directly touch on the short term activities of the organization. M Rahman writes extensively online and offline with an emphasis on business management, marketing, and tourism. All work is written to order. The External Environmental Variables that affects the Industry. 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. It also helps firms carry out their business by offering them loans. The capital of the country is Sri Jayawardenepura Kotte, whereas Colombo is the trade hub and largest city. As Sri Lanka has ended a thirty year old ethnic conflict with liberating the north and east of the country from the rebel activities, country is spear heading to a rapid development of infrastructure with, adding more kilometers to the road network and expanding them, with new second international harbor in Magampura Hambanthota District south of the country commencing its operation last august. It gives people the confidence to deposit their money or take loans from the bank. Looking for a flexible role? Keells supper is active in high information analyzing with constantly monitoring its key performance indicators, also its production line up consider optimization and cost reduction by increase productivity and minimizing waist reducing and adjusting and setting off the fixed cost as possible. Pizza Hut Marketing PLan - BSB 126 MARKETING PLAN NAME: Matthew Fagg STUDENT NUMBER: N9447334 TOTAL - Studocu . If you are happy with this select "Accept All". In fact, Sri Lanka has received the highest investment from China. Read More . Porter's five forces factors are consists of competitive rivalry, the threat . Instead of keeping money at home, many people are choosing banking services to save it. Largest companies listed under the Colombo Stock Exchange a high percentage of value added tax increase! 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