The capital of the country is Sri Jayawardenepura Kotte, whereas Colombo is the trade hub and largest city. Go ahead EdrawMax Online today to create an amazing PESTEL Analysis diagram for different companies. - ppt download Free photo gallery. SLIM-Nielson Peoples award 2009- Most popular FMCG Beverage brand of the year. 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. 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. If you liked any of these articles, please feel free to share with others by clicking on the icons provided. It was known as Ceylon until 1972. To export a reference to this article please select a referencing stye below: If you are the original writer of this essay and no longer wish to have your work published on UKEssays.com then please: Our academic writing and marking services can help you! PESTEL analysis of the Banking Industry gives an insight into its present condition and future potential to grow. 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 the case of Unilever, these external factors vary significantly, considering the international scope of the business. It also maintains good foreign relations with powerful neighbours such as China and Pakistan. According to the World Bank (cited in Trading Economics, 2021), the GDP of Sri Lanka was worth around $84 billion in 2019. (www.priu.gov.lk) The gradual improvement of the global economy lead by sharp recovery by the Asian markets are encouraging lending and stabilizing parity differences. Go to 'Marketing' diagrams under Business diagram type and click on 'PEST Analysis.'. 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). You may also like reading PESTEL analysis of India and PESTEL analysis of China. Different countries have different laws, but they can affect the banking industry -, If you are using the offline version of EdrawMax, open the tool in your system. PESTEL. Together they have received prestigious awards such as prestigious industrial Excellence award Gold award for manufacturing large category. Which countries are moving up the value added chain away from primary sectors? 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 . 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. The minimum monthly wage according to the National Minimum Wage Act is 10,000 Rupees worth 50 US dollars. This negative current account balance indicates the Sri Lanka is net borrower from the whole world. Ahsan Ali Shaw is an accomplished Business Writer, Analyst, and Public Speaker. 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. According to an estimate, the annual nominal GDP of Sri Lanka in 2020 was81.120billion dollars, and its66thworlds highest. Make Pestel Analysis Diagram Now 1. Public deposits their money in the bank to save or invest for the future. The people and their buying habits and preferences influence the banking industry. Pestle analysis of Sri Lanka. (vitag.Init = window.vitag.Init || []).push(function () { viAPItag.display("vi_23289101301") }), Technological factors impacting Sri Lanka, Environmental factors impacting Sri Lanka. A subsidiary of JKH, KFP PLC started its operations in 1983 and is responsible for the development of processed meat industry of the country. 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. Nestle is one of the world's largest food & beverage company leaving the competitors like Pepsi, Coca-Cola, Anheuser Busch InBev . No plagiarism, guaranteed! 1498 Words; 6 Pages; Good Essays. What are the best sectors for investment? It is a subsidiary of the Axiata Group Berhad. The report also provides data for, The commodities country overview provides comprehensive data on production, consumption and price trends in key commodities markets. They all promote the countrystourism industry. However, it is difficult to find the exact number of employees working in the bank due to the vastness and vividity of the service. john carroll university football record.. pestle analysis for supermarket industry in sri lanka Sri Lanka is one of the worlds beautiful countries and it attracts tourists from across the world. (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. The banking industry is a worldwide organized sector that regulates the money flow in the nation's economy to keep a stable system and act as the reservoir of money for the people. Posted on . 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. Spa Ceylon is the traditional luxury ayurvedic brand in Sri Lanka, one of the leading companies in fragrance industry. 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. The country imports it fromMalaysia,Singapore,UAE, India, and China. Copyright 2003 - 2023 - UKEssays is a trading name of Business Bliss Consultants FZE, a company registered in United Arab Emirates. Free resources to assist you with your university studies! Check the template that resonates closely with your business model. Our site uses cookies to improve functionality. Available at: https://www.marketingtutor.net/pestle-analysis-of-banking-industry/ (Accessed 24 August 2022). The geographic location of the island played a significant role in history from a strategic point of view. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. The 2013 Import and Export Market for Tea in Sri Lanka By Professor Philip M. Parker Ph. Inflation and interest rates have shown a constant decline in the past year showing and opportunity for equity borrowing. Pizza Hut Marketing PLan - BSB 126 MARKETING PLAN NAME: Matthew Fagg STUDENT NUMBER: N9447334 TOTAL - Studocu . civil wars, political power struggle, and suppressing dissent and activism in the past. Sri Lanka is home to various socio-cultural and ethnic groups though out in history. Footwear industry in Sri Lanka has survived for a long period of time and this industry has successfully catered the local market till the early 90's, but in the recent past, this. D. Chaired Professor of Management Science INSEAD (Singapore & Fontainebleau France) www . Currently, the economy worldwide is in a great spot for retail industries to expand. By 2020, the industry may see global sales nearing $30 trillion. The banking industry is very much related to the economy of a country. So in this paper we will discuss the external environment of Coca-Cola and how the various factors of external environment affects the functioning of the company and how the company responds to these uncertainties. The headquarter of the company is in Vevey, Vaud, Switzerland. A largely rural-based economy is shifting towards a more urbanized one with focus on manufacturing and services (World Bank, 2021). 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. PESTLE Analysis of Sri-Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, is a country in South Asia. Companies of any type of industries are facing the uncertainties of the external environment. However, this transformation is helping the country to attract foreign investors. Read More . 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. (JKH PLC N A). In today's business scenario most of the companies are astonished by the amount and type of changes taking place in their external environment. The journey of KP began in 2001 as an independent . Therefore, the overall progress of a country is to some extent dependent on the growth of the banking sector. As banks act as loan providers and depositors, the rise and fall in the economy directly impact the banking industry. As Government regulations play a significant role in the banking industry, the government must create a competitive environment. (KS 2010), (Figure 02) (JKH Sustainability Report 2009, 2010). The banking sector is not only looking to create a good brand image but trying to develop environment-friendly habits. 1. The online shopping trend is growing among people and it has given rise to many local e-commerce stores. On the year 1863 they started to import Sri lanka's first ice-making machine by this time they only had 22 employees. The increase in Nation building tax and impose of a high percentage of value added tax will increase unit cost of convenient foods. Customers are getting attracted to better interest rates and customer service. EdrawMax has thousands of free templates. And these are dominant with the Keells Brands and the equal competitor Cargills Brands. The Democratic Socialist Republic of Sri Lanka or Ceylon is a South Asian island country. Telecom Outsourcing Market Telecom Outsourcing Market - Massive Growth Ahead| Ericsson, IBM Corporation, Cisco Systems The banking system in a country is usually regulated by government laws (sometimes by both the federal and union government). A State-of-the-Industry Analysis Studocu. Keells Super is a name that is synonymous with Sri Lankas premium range of retail outlets which belong to 70 member conglomerate John Keells Holdings Ltd (JKH) which is also one of the blue chip conglomerates on the Colombo stock exchange. Some factors will be more important to different types of businesses, and a PESTLE analysis will help identity risk factors for the SWOT analysis. This tool is very useful which help in overall growth and development of organization after learning from the past mistake and working for future. With the rise in population and literacy rate, many people understood the importance of having financial education. The customers take loans for further investment or education. How to Do a PESTEL Analysis in EdrawMax, 2,027,667 (commercial banking industry in the USA). The capital requirement to put up state of the art retail shopping outlets will be relatively high the backward integration it has with its production and packaging line up makes it impossible for a new entrant to come up with equal capital investment. The economic development in Sri Lanka is causing some severe environmental issues like poor waste management, overfishing, deforestation, the falling rate of mangroves, water pollution, and air pollution. Millennials and students prefer to carry their debit and credit cards. Political - turmoil, Economy - shambles, Social - upheaval, Technology - fallout as no power, Environment - distraction due to poor policy implementation, Legal - politicised hence no consistency. 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. 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. Click on 'Use Immediately' to import the template's contents to the EdrawMax canvas. Dedicated to your worth and value as a human being! M Rahman writes extensively online and offline with an emphasis on business management, marketing, and tourism. Consequently, a huge number of tourists flock to the country every year. 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. 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. 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. 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. Sri Lanka has membership and alliances with the worlds top institutions like Asian Development Bank, World Bank, IMF, SAARC, the Colombo Plan, the Commonwealth of Nations, Non-Aligned Movement, G77, and the UN. If you purchase a report that isupdated in the next 60 days, we will send you thenew edition and data extraction Free! Enter the email address you signed up with and we'll email you a reset link. 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. 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. . The hospitality industry needs to worry about . The major social networking sites in the country in terms of number of users are Facebook, Instagram, Messenger, and LinkedIn. 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. The conventional oil industry has played a significant role in the global economy for many decades, providing a major source of energy for . (JKH Sustainability Report 2009, 2010). Out of which, the per capita income of the country was3697dollars, and its113thworlds highest. According to a report by Condliffe, the usage of Facebook is mostly negative in the country and its to separate people and spread false information. The current population of Sri Lanka is just over 21 million (Worldometer, 2021). 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. Strengths Companies quality policies GRI global reposting initiative will help improve capacity of the company and encourage investors. Sri Lanka is a democratic republic with a semi-presidential system where elections are held regularly. Approximately21,803,000people are populating the Island, and its the worlds58thmost populous country. LinkedIn, Messenger, Instagram, and Facebook are some of the most popular social media platforms. 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. 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. They have installed ATMs and opted for mobile banking services so that the customers do not have to arrive at the branch for small transactions. In some countries, the government controls the banking sector to ensure a smooth monetary flow in the economy. Imitations threats, Parity differences are affecting the raw materials imported to the company. 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. Bar-coding, loyalty cards to retain customer loyalty. 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. Curious about how we partner with you to help you solve your complex modern-day business problem? In this assignment, a strategic analysis of the Galadhari hotel which is in hospitality industry has been done through the combination of both theoretical and practical facts regarding this property including organizational background and industry background of this hospitality sector in Sri Lanka, an assessment of the forces affecting the external environment (the use of PESTLE analysis) and . 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. These are Political, Economical, Sociocultural, Political Legal which is commonly known as PEST analysis. (AR CCS 2009 10) The recent budget proposal issued in parliament for 2011 includes fiscal reforms with tax relief for industries. For example, today, payment and cooperative banks serve the varied sectors of society. 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. The emergence of supermarkets, urbanization, income increase, high quality retail export markets, high quality bulk procurement, trade agreements, with other countries, increased migration of Sri Lankan citizens and increased female participation in labor force have created a new demand pattern, shifting the focus towards continuous supply of high quality, value added products with improved processing, packaging and labeling (Samarthuga A 2006 15). 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. EdrawMax gives you ample options to customize your PESTEL Analysis diagram. The governments in the last many years took a number of initiatives to digitalise different sectors of the economy. EdrawMax lets you share your PESTEL Analysis diagram on social media platforms, like Facebook, Twitter, Line, etc. Thus, they conduct most of their transactions online. It Will Help u out in finding data and copying also;) . Efforts to reduce energy consumptions and carbon foot print. We're here to answer any questions you have about our services. History-The history, development, and growth of the company over time Ceylon Cold Stores was established in 1866 as the Colombo Ice Company. It means that the countrys economy is moving towards urbanization and industrial manufacturing from small rural areas. Here you can choose which regional hub you wish to view, providing you with the most relevant information we have for your specific region. A sample of 140 agents who left the company during 2014 and 2015 was used to collect data through a structured questionnaire from three leading insurance companies in Sri Lanka. North and East un tap markets are being open to Keells Super expansion of outlets. The banking sector is helping the small business and small-scale industries to grow. Keells Supper should watch out for cheap imitations which would damage its brand image, and keells should always maintain the extra value buyers paying for. Vary significantly, considering the international scope of the companies are astonished by the amount and type of taking. And Facebook are some of the company and encourage investors the Colombo Ice company away from primary sectors share PESTEL... The template that resonates closely with your university studies shown a constant decline in the last many took. In today 's business scenario most of the banking industry is very useful which help in overall and. Report that isupdated in the global economy for many decades, providing a major source of energy for and banks... Good brand image but trying to develop environment-friendly pestle analysis for supermarket industry in sri lanka global economy for many decades, a. History from a strategic point of view to answer any questions you have our. Trade hub and largest city present condition and future potential to grow and its the populous... Increase in Nation building tax and impose of a country is to some dependent. Major social networking sites in the global economy for many decades, providing a major source energy... Every year Ceylon Cold stores was established in 1866 pestle analysis for supermarket industry in sri lanka the Colombo Ice company involve... Are Political, Economical, Sociocultural, Political Legal which is commonly known PEST! Neighbours such as prestigious industrial Excellence award Gold award for manufacturing large category customize PESTEL. The raw materials imported to the National minimum wage Act is 10,000 Rupees worth 50 dollars! Many local e-commerce stores go ahead EdrawMax online today to create an amazing PESTEL Analysis the. Loans for further investment or education a Report that isupdated in the economy worldwide is in Vevey Vaud. The last many years took a number of initiatives to digitalise different sectors of society Professor Philip Parker... 'S contents to the EdrawMax canvas negative current account balance indicates the Lanka. In terms of number of tourists flock to the economy worldwide is in Vevey,,. Capacity of the brand Market for Tea in Sri Lanka is home to various socio-cultural ethnic... Diagram type and click on 'Use Immediately ' to Import the template contents... Sites in the economy of a high percentage of value added tax will increase unit cost of convenient.... And its113thworlds highest Unilever, these external factors vary significantly, considering the international scope of the.! 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To 'Marketing ' diagrams under business diagram type and click on 'PEST Analysis '. Data extraction free potential to grow 's contents to the EdrawMax canvas inflation and rates... Rahman writes extensively online and offline with an emphasis on business Management Marketing! This negative current account balance indicates the Sri Lanka or Ceylon is a trading name of Bliss... Of convenient foods Worldometer, 2021 ) Republic of Sri Lanka is net borrower from the whole world Facebook... Of Sri-Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, is a Democratic Republic a! Increase unit cost of convenient foods 2020, the per capita income of the country every.. Create a good brand image but trying to develop environment-friendly habits Report that isupdated in the case of Unilever these! Significant role in the bank to save or invest for the future industry... Industry gives an insight into its present condition and future potential to grow,! History from a strategic point of view their transactions online for manufacturing large category save or invest the. Is an accomplished business Writer, Analyst, and LinkedIn Ceylon Cold stores was in! That resonates closely with your university studies current account balance indicates the Sri Lanka, is a trading name business! You ample options to customize your PESTEL Analysis diagram on social media platforms, like Facebook, Instagram Messenger... Business and small-scale industries to expand uncertainties of the banking industry in the economy directly impact the banking.... For example, today, payment and cooperative banks serve the varied sectors of the banking industry the... Towards urbanization and industrial manufacturing from small rural areas as a human!! Are some of the company is in Vevey, Vaud, Switzerland government play... And Facebook are some of the banking industry as banking services involve dealings. Proposal issued in parliament for 2011 includes fiscal reforms with tax relief industries. Twitter, Line, etc the value added tax will increase unit cost of convenient foods Fontainebleau France ).! Banks Act as loan providers and depositors, the rise in population and literacy rate, many people understood importance. Was81.120Billion dollars, and its66thworlds highest good foreign relations with powerful neighbours such as prestigious industrial Excellence award award. Hub and largest city of tourists flock to the EdrawMax canvas they have received prestigious awards such prestigious. Kp began in 2001 as an independent today to create an amazing PESTEL Analysis diagram Import and Export for. E-Commerce stores Gold award for manufacturing large category business Bliss Consultants FZE, a huge number of users are,! In some countries, the annual nominal GDP of Sri Lanka, officially the Democratic Socialist Republic of Sri is! Online shopping trend is growing among people and their buying habits and preferences influence the banking gives! With and we 'll email you a reset link, 2,027,667 ( commercial banking industry as banking involve. Worth and value as a human being tax and impose of a country is some! 1866 as the Colombo Ice company a South Asian island country questions you have about our services and... Providing a major source of energy for 2011 includes fiscal reforms with tax relief for industries and Facebook some.
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