Premium Essay

Food Industry

In:

Submitted By boljmor
Words 510
Pages 3
Food Industry
Summary
Although businesses have no control over macro environment factors but working together with it and manage those factors to suit the business to an advantage. There are many factors in the macro-environment that will affect the decisions of the managers of any business. Tax changes, new law regulation, trade barriers, demographic and government policy changes are all examples of macro change.
The PESTLE factors have great influences in all businesses upon any decision making in a given business environment. It plays a vital role as an analyzing tool in strategic management, influential factors and market trends which enable firms to have better understandings and more accurate view of the surroundings in which it is operating or which it intends to enter.
As we apply PESTLE analysis to the Fisheries of the food industry sectors it has shown that over the past few years consumer behavior have changed to a more health conscious in their food consumption which seafood especially fish product have moved to the front line of healthy eating recommendations. It has high source of protein and also benefits in the omega-3 values, essential fatty acids and low in saturated fat. The UN’s food and Agriculture Organisations {FAO} estimates that seafood represents 16 per cent of the world’s animal protein intake sectors and the industry employs approximately around 35 million people globally.
In Australia the governments have also implemented this by advertisement and media channels which not only inform facts about the food to the consumers but also educate consumers from choosing the product to preparation techniques and menu ideas which The Australia food organisations plays a major role in overseeing the operations. It also monitors and enforced on Quality standards, Food safety and hygiene standards, foreign export markets and general trade

Similar Documents

Free Essay

Obesity and the Food Industry

...1010 4 October 2015 Mark Bittman’s “The Food Industry’s Solution to Obesity” For decades, obesity has been a major problem in American society. Some attribute this to the laziness or lack of ambition of Americans. Others blame the marketing strategies of big name food companies. Mark Bittman attributes it to big name food companies not distributing “healthy” food to the public. He insists that they instead distribute food that is terrible for you. Loaded down with excess amounts of sugar, calories, and fats, the food companies have begun to appear to be selling “better” food to society. In his article, “Parasites, Killing Their Hosts: The Food Industry’s Solution to Obesity,” he dives deeper into the corrupted world of public health versus company profit. Published in the New York Times on June 17, 2014, his article covers the world of obesity and how the food industry contributes to this dystopia we’re working towards. Mark Bittman is an American food journalist, columnist for the New York Times, and author of 14 books and cookbooks. One of these books was awarded the James Beard Award for General Cooking. Working for the New York Times since 1996, Bittman has slowly worked his way up to the current lead food writer for the paper. He has been featured on NPR, The Today Show, and PBS’s 2008 American food and travel series “Spain…on the Road Again." As Bittman writes his article he begins to analyze how little the food industry really cares about its consumers. He states...

Words: 995 - Pages: 4

Premium Essay

Scm in Food Industry

...Management and Challenges Facing the Food Industry Sector in Tanzania Juma Makweba Ruteri (Corresponding author) & Qi Xu Glorious School of Business and Management, Donghua University PO box 474, 1882 West Yan an Rd Shanghai, China Tel: 86-21-6237-3965 Abstract The complexities of food supply chain impose enormous challenges to the processors. As compared to multinational food companies operating in Tanzania, local firms have been performing inefficiently or going out of the business because they could hardly withstand the competition. SCM in the food industry sector was studied in a qualitative survey covered 23 food processing firms in Tanzania, with the purposes of identifying the existing supply chain operation, knowledge of SCM concept and challenges facing the sector. The findings of this study suggest that a lot of efforts need to be addressed to ensure that food processors benefit from SCM concept. The understanding of SCM concept among the processors seems to be low, thus, hindering them from taping up the advantages that SCM concept offer. The sector still faces a number of factors which impede the firms to grow fast and compete in the global market. Such factors include technical know-how, research and development, capital, managerial and physical infrastructures. Keywords: Supply chain management, Inventory management, Customer perceived value, Food industry 1. Introduction Food industry is one of the largest branches of industries in Tanzania which is made up of micro...

Words: 7627 - Pages: 31

Free Essay

Nanotechnology in the Food Industry

...define the meaning of nanotechnology as a “technology that involves using very small particles”, i.e. controlling matter at an atomic or molecular scale, measured in nanometers. After all, no internationally agreed definition currently exists. It has filled the food industry with big ideas, but confusion and concerns have stalled the process of product development in big food company R&D departments. Therefore, there is still a long way to go before ideas in a lab or turned into commercially viable innovations. Application in the food industry In the food industry, the technology could have a variety of uses including detecting bacteria in packaging, delivering nutrients in small doses, or producing stronger flavors and colorings. In what seems to be a miracle cure to obesity and diabetes, oil droplets containing nano-sized water particles could be used to reduce the fat content of foods such as mayonnaise, cream and chocolate while retaining good sensory properties. There are a myriad of other potential applications in the food sector ranging from emulsions and nano-encapsulations on the formulation side to nano-coatings for processing equipment on the factory floor, which would ease the cleaning burden at food plants. Other interesting applications included nano-sensors that could detect pathogens and nano particles that could purify water in developing countries. Nevertheless, picking which research projects or even application areas will result in new and exciting...

Words: 1912 - Pages: 8

Premium Essay

Cat Fight in the Pet Food Industry

...Cat Fight in the Pet Food Industry While reading the case the first thing that comes to my mind is to analyze the market and competition. The pet food industry seems to be very hard industry to enter for the new companies back in 80s. If we look at the firms, all of them are big, experienced and benefit from Economies of Scale, so for the new firm to enter this industry would be hard. So, that is why most of the firms in this industry do product diversification and enter multiple lines inside the industry, rather than trying to avoid threats from potential entrants. Among the competitors, I think, the best-positioned firm was Ralston Purina, because they were strong in almost everywhere: Cat Food, Dog food and all the sub-segments of these 2 major segments. But we have to also mention here that there were some other well-positioned firms on the market, especially in a specific niche like moist cat food, half-moist dog food, etc. One of the firms, that was very well-positioned on the market in moist-dog-food segment, holding more than 60% of market share, was Anderson Clayton, which was basically dominating the moist-dog-food market. However, they did not have strong position on dry dog food market and have not even entered cat food market. I am outlining this company, because the sentence in the ends of the case: “In mid-1986, the industry structure appeared as though it might change, as Anderson Clayton was rumored to be up for the sale.” So we know from the case that...

Words: 445 - Pages: 2

Free Essay

Fast Food Industry

...Factors | Opportunities | Demographic | * (O) Fast food saves time and efforts of people so it’s a good meal for people. (Bose, 2012) * It is an opportunity for fast food industries as it is a ready to eat food and people who go on work prefer to eat it as it saves their time. * (T) Large percentage of baby boomers is becoming threat for fast food industries. . (generation in the workplace in the united states and canada, 2012) * 31.9% of the whole Canadian population is covered by Baby Boomers and they don’t prefer to consume fast food which is going to be a threat | Socio-Culture | * (T) People are stepping backward from fast food which is going to be a big threat in future (Lojitmairembam, 2013) * Now, people are becoming more health conscious. They are stepping back from fast food as it does not contain any vitamins, minerals and fibres and this going to be a threat for fast food industries industries in future. | Economic | * (T)Increasing minimum wage rate is going to be a threat for the fast food industries. (Drum, 2013) * As the minimum wage rate increases for the fast food workers than the fast food industries have to pay more to the worker which decrease the profit margin of the industries. * (T)Inflation and exchange rates are the other threats for fast food Industries. (Rodrigo, 2012) * Inflation rates and exchange rates both effects the supply and demand relationship of raw material which directly affect the industry’s production...

Words: 573 - Pages: 3

Premium Essay

Food Service Industry

...Aa The Food processing industry has an important role to play in linking the farmers to the final consumers in the domestic as well as the international markets. Food processing combined with marketing has the potential of solving the basic problems of agricultural surpluses, wastages, rural jobs, and better remuneration to the growers. In the next ten years, food production is expected to double. These produces, if processed and marketed smartly, can make India a leading food supplier of the world. India with a population of 1.08 billion (growing at about 1.70% per annum) provides a large and growing market for food products. Food products are the single largest component of private consumption expenditure, accounting for as much as 49.00 per cent of the total spending. Furthermore, the upward mobility of income classes and increasing need for convenience and hygiene is driving demand for (a) perishables and non food staples and (b) processed foods. Also, eating out is a booming practice in urban India and processed foods are accepted as alternative to the home cooked food because of the convenience it offers. Also, with the globalization of trade and availability of high speed logistics, food retailers in developed countries are sourcing an year-round supply of fruits and vegetables from developing countries. Thus, both for local consumption as well for export there is a year round opportunity for fruits and vegetables, meat and poultry products and ready-to-eat...

Words: 473 - Pages: 2

Premium Essay

Food Processing Industry

...FOOD PROCESSING INDUSTRY SNEHA AGRAWAL 1226113152 SUMMARY India’s food processing sector is small and its share in exports of processed food in world trade has remained at about 1.5 percent or $3.2 billion. Food processing industry in India is increasingly seen as a potential source for driving the rural economy as it brings about synergy between the consumer, industry and agriculture. productivity with slow adoption of technology. On the Infrastructure front, we have supply chain and wastage related problems and low levels of value addition etc. The other issues of concern, holding this sector back are impaired access to credit,inconsistency in state and central polices,which requires , low standards and lack of adequate manpower . White Revolution has benefited the rural areas of our country considerably, the revolution may not be sustained beyond a point because of the lack of purchasing power of the poor Indians The Government of India has allowed 100 per cent FDI under the automatic route in the food processing sector and taken various other measures to improve and expand the industry. INTRODUCTION The Indian food processing industry stands at $135 billion and is estimated to grow with a CAGR of 10 per cent to reach $200 billion by 2015. The food processing industry contributed...

Words: 2109 - Pages: 9

Free Essay

Aquarius Food Industry

...Aquarius Food Industries (AFI) is a small and focused food company specializing in the production of processed shrimp paste or “bagoong alamang”. Shrimp paste is versatile in terms of acceptability in the market because it is considered as a condiment for different food recipes. The main ingredients of the shrimp paste which is the shrimp fry was directly purchased to the fishermen or from the wet market, thus, it has an advantage of having a low price and abundance of raw materials. The major regions such as Luzon, Visayas and Mindanao are considered as the breakdown of the market for the shrimp paste in the Philippines. In Mindanao, Neptune, the brand name of the product of AFI, is one of the major players in producing shrimp paste, with a market share of 30 percent, together with Lasap, a competing brand of Neptune, and 20 percent for Frisco accounts and the remainder is spread out among few other players. Consecutively, in Luzon, Shrimp paste is normally bought from supermarkets shelves with various competitors that have well-known brands. And in Visayas, the product is hardly sold because of the conventional wisdom that the region is mainly consists of coastal towns which has fresh seafood that are available. The opportunities of the Aquarius Food Industries are the following: (1) Toll manufacturing which means that the AFI will extend their output to the Golden Hands that will increase their sales, (2) SM Bonus is also planning to toll manufacture their products to fill...

Words: 842 - Pages: 4

Free Essay

Food Industry

...Sanna Ispahany Ms McGuire ENG 3U1-02 16 April, 2012 Food, cosmetics and pharmaceuticals. Every person in this room uses these some of the products produced under these three major industries several times a day, every day. Many of us believe that these products are safe for use and consumption; that the monitoring agencies put in place are doing their job. I too used to think that all of the products on the market were tested and unshakeably safe. I never would have begun to imagine that the hamburger at McDonald’s, or the shampoo I used, or the medicine I took could cause more harm than good. I never realized that these corporations were more concerned with their bottom lines than society. As consumers we place a great deal of trust in the manufacturers of our products to ensure their products are safe to use or consume and as consumers, these companies are robbing us of our right to know exactly what these products are, how they’re made, and what they contain. Most people have no idea of what really happens in these industries, and how these products come to be, as well as the shockingly low standards that exist. When I say cosmetics, I’m not talking about just makeup. I’m talking about deodorant, toothpaste, skin products, shampoo, conditioner, perfume, cologne, shaving cream, and hair products. These products are grossly neglected in terms of regulation; this is CLEARLY shown through products such as the “Pure and Gentle” Johnson’s baby shampoo which contained not one...

Words: 1521 - Pages: 7

Premium Essay

Competition in Food Industry

...Competition in food industry essay Table of contents: 1. Introduction 2. The major concern of food industry 3. Does healthy food competition exist? 4. Conclusion “One of the key questions from our customers is “can you follow our growth?”. Fabienne Saadane-Oaks Introduction: Food is an integral part of the human’s life. Men cannot live without consuming nutrients. From the very beginning of the existence of humanity food has been like petrol for human and animal beings. Food is what gives strength and continues life. People have always “benefited” from food and will continue consuming it till their last breath. The contemporary business world revealed that demand always results in the corresponding supply. The demand on food caused the growth of variety of the food products and the growth of the number of companies professionally providing food products for people. It is common knowledge that quantity does not always imply quality. As the industry is very lucrative, because people will buy food even during a hard financial crisis, a lot of companies have introduced eatables of a very low quality but in great amounts and cheap price. These products are often not so useful to eat. It can be even said the general foodstuffs quality has significantly decreased in the recent years, along with the growth of product quality in a number of major food-producing companies. People nowadays are not so ready to pay much money in order to get excellent-quality food that will...

Words: 1547 - Pages: 7

Premium Essay

Food Industry Analysis

...The food industry has throughout history been subject to government regulations at national and local levels, which aim to protect the public health and safety of food, regulate trade unions and prevent mislabeling with regard to formulation and content. Governmental organizations have controlled product entry, the way food has been marketed to consumers and the manufacturing practices of food. The most enduring problem in the food industry has been the case of adulteration, which refers to the cheapening of products by adding impure and substandard ingredients. This has posed a threat of unsafe food in the market and a health risk to consumers. Regulations have therefore been necessary to protect consumers from low quality and harmful products....

Words: 998 - Pages: 4

Premium Essay

Indian Food Processing Industry

...INDIAN FOOD PROCESSING INDUSTRY The food processing industry in India is one of the largest in terms of production, consumption, export and growth prospects. Important sub sectors in food processing industries are fruit and vegetable processing, fish-processing, milk processing, meat and poultry processing, packaged/convenience foods, alcoholic beverages and soft drinks and grain processing. According to Ministry of Food Processing Industries, the size of the food processing industry was about Rs.315, 000 crores and included Rs.99, 000 crores of value added products. About 300 million upper and middle class people consume processed food; 200 million more consumers are expected to shift to processed food by 2013. The food processing industry accounts for 13.5% of the country’s industrial output. It generates 18% of gross domestic product and employs about 19% of the industrial labour at national level. Products like papad, pickle and spice mixes have been hugely successful in recent years. The size of this particular segment alone is estimated at about Rs 100 crore. Rabo India Finance had projected that the Indian food processing industry would increase to Rs 11,500 billion by 2014-15. Processed products like ‘chapaties’, ‘subzies’ and portion packs of concentrated curries are fast becoming regular diets, especially for young couples. The product range includes foods like ‘puri-bhaji’ and ‘dosa-vada’. Processed food products like pickles, chutneys, juices and curry powders had...

Words: 1120 - Pages: 5

Premium Essay

Food Industry-Brand India

...Food Industry Last Updated: June 2012 Introduction The food services sector in India is expected to witness a 50 per cent increase in investments in 2012 to about US$ 750 million, as food suppliers and retail companies plan to scale up business and stay competitive by tapping the large potential of the domestic market. Of the total investments of US$ 750 million in 2012, about US$ 165 million has gone into purely front-end retail, such as fast moving consumer goods (FMCG), food and beverage firms. India is the world's largest milk producer, accounting for around 17 per cent of the global milk production, according to RNCOS research report titled, 'Indian Dairy Industry Analysis'. The study anticipates that the milk production in India will grow at a compound annual growth rate (CAGR) of around 4 per cent during 2011-2015. Further, India has emerged as one of the largest potential markets for organic food consumption globally. The organic food is invariably catching up pace among the Indian retailers, especially with the niche retailers owing to wide awakening among Indian consumers towards leading a healthy life, as per RNCOS research report titled, 'Indian Organic Food Market Analysis'. We anticipate that the sector will post significant growth during 2011-2013, growing at a CAGR of 15 per cent. Indians spend US$ 64 billion annually on eating out, which includes $13 billion on eating in quick-service restaurants (QSRs) such as McDonald's and Costa Coffee, propelling...

Words: 2109 - Pages: 9

Premium Essay

Business Ethics and the Food Industry

...Ethics and the Food Industry By: Diana Rhyne and John Hanley In early 2009, Peanut Corp. of America was discovered to have allowed Salmonella tainted peanuts to be distributed across the United States causing an outbreak that resulted illnesses in 714 people across 46 states with nine resulting in deaths ("Department of Health and Human Services; Centers for Disease Control and Prevention", 2009). In this paper, we will explore the concept of corporate social responsibility and some of the current ethical dilemmas many corporations in the food industry face today. We will further discuss the many arguments (in favor of and in opposition to) these ethical dilemmas, or why these issues pose an ethical dilemma. Finally, we will examine the consequences of unethical behavior in the food industry and how consumer demand/behavior affects corporate decision-making. In the food industry, a corporation’s actions/inactions are often far reaching. Corporate Social Responsibility (CSR) is not a new concept. The idea that a business (or business person) should behave in an ethical and socially responsible manner has roots in Biblical times with the advent of usury laws. During the 1700s, Benjamin Franklin was an early advocate for business ethics, going so far as to form a club for young businessmen, tradesmen, and merchants to come together to discuss business philosophies and further their careers (Finamore, 2005: 35-38). CSR is generally based on the idea that companies...

Words: 3780 - Pages: 16

Free Essay

Snacks Food Industry

...Best Practices First Research is the leading provider of industry intelligence tools that help sales and marketing teams perform faster and smarter, opening doors and closing more deals. Without adding hours to your work-day, you can infuse sales calls, business meetings, presentations, and outreach The number one complaint about sales representatives that we hear from executives is, “they don’t know my business.” efforts with up-to-date industry information that demonstrates a thorough understanding of your prospects’ challenges and opportunities. We do the heavy lifting for you by analyzing hundreds of sources to create insightful and easy-to-digest industry information that can be consumed very quickly. You are better able to understand a potential or existing client’s business issues, without the time-consuming and expensive research process. The following is a sample of a First Research Industry Report with additional notes explaining the report’s contents and how you can use this valuable information. Report size varies by industry. FIRST RESEARCH - HOOVER’S INC., A D&B COMPANY www.firstresearch.com © 2013 Hoover’s, Inc. All Rights Reserved. 1 INDUSTRY PROFILE Snack Foods Manufacturing 12.3.2012 NAICS CODES: 31191 SIC CODES: 2068, 2096 The Industry Overview is an excellent way to ensure you make the right first impression, with minimal time invested. USE IT TO: . Quickly grasp how an industry operates. Adapt your sales process to fit your customer’s...

Words: 7090 - Pages: 29