Nestle should follow such a maxim that accelerate innovation with the help of technological advancements. Therefore Nestle uses technology in several business operations like to maintain the databases with the help of software. Increased interest in health and nutrition could increase demand for some Nestle products, such as energy drinks.
Nestle is already using the state of the art technology for the production of various products, they are meeting the global standards by installing the contemporary plants.
Some healthcare cream and powders have great demand in hot and tropical countries.
The consumers have some concerns over the packaging of the products and they need to make them more protected so that the products can have longer effects for the users. Several countries set different rules, so to increase the acceptance of the products by the targeted segment the rules are significant to follow.
Social Factors The shared thoughts and beliefs of the customers influence the business operations. Nestle operates production units, serving in countries and hired almostemployees. Unfortunately, it faces a dramatically-changing grocery market in which traditional brands are losing much of their effectiveness.
People are now very much prone to the healthy life style. Strengths Nestle is a highly-diversified company operating in many different markets and sectors of those markets.
In order to encourage different ethnic groups to mingle the government has implemented various policies like making it necessary for youth to spend some time outside their native home towns.
Albeit nestle is such an organization which in real sense promote the government health policies by maintain the quality standards and rules and regulations. It is bounded by three countries and an ocean.
The other related concerns are the realm of recycling and the issues pertaining to the packing. The growing use of new retail channels such as Amazon Prime and dollar stores may not favor traditional retail products.
Opportunities Growth in online retail could open up new distribution channels such as Amazon Prime that can bypass traditional retailers. The company agreed to re-invest any money it received from Ethiopia back into the country. Vittel, Powerbar, Nesquik, or Ricore.
Several countries set different rules, so to increase the acceptance of the products by the targeted segment the rules are significant to follow. Now the price of the raw material is also increased which resulted into increase in the cost of the products.
For instance, Nestle has to follow the health and safety laws for their employees and also to produce hygiene products for the customers. Some NGOs are helping in increasing awareness about environment friendly activities and stating their benefits for both current and future generation.
Throup, Economic The exports of cocoa, gold and oil are the major revenue generating resources for the country: The weather is either hot or rainy, equator missed Ghana by a short distance. Due to different economic policies of the different countries, the company has to face problems in supplying its products to the customers.
The hiring and promotion laws are to be followed and the people are being privileged to get the facilities, which are the asset of the company. Political Factors The company is working in diversified communities and it has to face change in regulations in different countries and its some products are not allowed in different countries due to various reasons.
Social Factors Now the education level in most of the developed and developing countries is increased and people have great awareness about the quality of the products and they ask for the healthy products, which are prepared with wholesome ingredients.
Legal Factors Nestle has to face the labor laws and it has to fixed the minimum wages of the labor under the provision of these laws. Some countries make changes in their trade and business regulations from time and time and the executives of the company should be aware of these regulations, so that they can show their response in time while transporting their products.
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