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). 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. Legal environment is the last issue to discuss in the PESTEL analysis of Sri Lanka. The customers take loans for further investment or education. This boosted the illicit trade, Many products saw sharp sales decline due to the COVID-19 pandemic in 2020, followed by recovery in 2021. EdrawMax lets you share your PESTEL Analysis diagram on social media platforms, like Facebook, Twitter, Line, etc. [online] notesmatic. 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? Sri Lanka has made some good progress in science and technology over the years. Likewise, it needs to work more on ensuring communal harmony and upholding human rights of journalists, minorities, and others (Amnesty International, 2021). Life expectancy is very good as evidenced from the fact that it is 72 years for men, and 78 years for women (BBC, 2019). 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. Capacity increase is possible for keells supper if required for the north and east new markets but existing capacities of keells could service through these markets. We extract and organise ecommerce data from over 1,500 online retailers in 40 countries providing daily updates on pricing, assortment size and key attributes. 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). Technological forces that generate problem solving inventions. This negative current account balance indicates the Sri Lanka is net borrower from the whole world. In addition to that, report contents the macro and microenvironment factor analysis as well Internal factors and SWOT analysis of spa Ceylon. 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). The current population of Sri Lanka is just over 21 million (Worldometer, 2021). 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. 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. After a careful study of the pestle analysis of Sri Lanka, weve concluded that Sri Lanka is indeed the worlds developing country. These strategies are called generic because they can be pursued by any type or size of business firm, even by not for- profit organization. For example, today, payment and cooperative banks serve the varied sectors of society. . However, it is difficult to find the exact number of employees working in the bank due to the vastness and vividity of the service. Pizza hut company analysis by api.3m.com . Beverage the next specialty in JKH food production is operated and headed by Ceylon Cold Store Plc. The people and their buying habits and preferences influence the banking industry. 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. You can download the paper by clicking the button above. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. (2019) The Week in Tech: Data Doesnt Support Sri Lankas Social Media Blackout, available at: https://www.nytimes.com/2019/04/26/technology/sri-lanka-social-media.html (accessed 01 March 2021), Hewage, K. and Munasinghe, D. (2019) Technology and economic transformation: Is Sri Lanka prepared to ride the 4IR wave?, available at: http://www.ft.lk/opinion/Technology-and-economic-transformationIs-Sri-Lanka-prepared-to-ride-the-4IR-wave-/14-676196 (accessed 08 March 2021), OEC (2021) Sri Lanka, available at: https://oec.world/en/profile/country/lka (accessed 07 March 2021), Peiris, G. (2021) Sri Lanka, available at: https://www.britannica.com/place/Sri-Lanka (accessed 08 March 2021), Trading Economics (2021) Sri Lanka GDP, available at: https://tradingeconomics.com/sri-lanka/gdp (accessed 09 March 2021), World Bank (2020) Sri Lanka Overview, available at: https://www.worldbank.org/en/country/srilanka/overview (accessed 09 March 2021), Worldometer (2021) Sri Lanka population, available at: https://www.worldometers.info/world-population/sri-lanka-population/ (accessed 09 March 2021). However, there are some social issues challenging Sri Lanka today. We're here to answer any questions you have about our services. How to Do a PESTEL Analysis in EdrawMax, 2,027,667 (commercial banking industry in the USA). 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. In the case of Unilever, these external factors vary significantly, considering the international scope of the business. the retail shops have faced major threat from the huge discount store like Big Bazar, D-Mart or Wall Mart. Kells Supper has 45 retail outlets strategically located in urbanized and semi urbanized around the companies metropolitan cities. The banking system in a country is usually regulated by government laws (sometimes by both the federal and union government). However, the country has also developed very relations with regional countries likeChinaandPakistan. Political forces Political uncertainty has been ruled out with both the Presidential and parliamentary elections coming to an end bringing stability to the economy polices and political instability prevailed. Access and download reports and data purchased through Euromonitor.com. It is a subsidiary of the Axiata Group Berhad. The rate of financial literacy is going up. The aim of this assignment is to discuss the external environmental analysis of Coca-Cola. Pestle analysis of Sri Lanka. EdrawMax has thousands of free templates. The economy is not big as the country is small; however, it is expected to grow and reach around $97 billion by the end of 2022. It is creating a perfectly competitive environment. This would enable them to be on control of substitutes challenging its position, and increasing brand loyalty among customers who will not be price sensitive, giving keells super the ability cover supplier cost increase on increased margins. Assignment on analysis of business environment. Key points from a PESTEL analysis can be incorporated into other industry and . Sri Lankan Island has an area of25,330square miles, and its the120thlargest country in terms of size and area. 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. What are the country's risks and vulnerabilities? PESTLE Analysis of Sri-Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, is a country in South Asia. Major political instability and distressed government finances have blighted Sri Lanka, which is mostly unfree for economic freedom. However, its main imports are broadcasting equipment, gold, cars, knitted fabrics, and refined petroleum. In EdrawMaxs Pestle Analysis of the banking industry we will find out how political, social, economic, technological & legal factors affect the banking sector. Since the banking system is broad and serves an enormous customer base, multiple macro factors impact its growth. Customers are getting attracted to better interest rates and customer service. Other than that, hes a fun loving person. PESTLE Analysis of The Retail Industry The retail industry is comprised of the process where retailers sell their final products and services to the end consumers. The chi-square test was used to analyze the data. 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. 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. 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. Thus, the number of people choosing to take banking services is also increasing, ensuring industry growth. 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. Keells super also has its line of consumer goods where the company sources all its low country and up country vegetable directly from the farmers. 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. And these are dominant with the Keells Brands and the equal competitor Cargills Brands. Government Support on the IT Sector. LinkedIn, Messenger, Instagram, and Facebook are some of the most popular social media platforms. Make Pestel Analysis Diagram Now 1. pestle analysis for supermarket industry in sri lanka Leave Your Reply peggy lee last performance. 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. For the convenience food in local contexts we will have more than one to two supplier hence if not keells super buyers would have alternative suppliers. Public deposits their money in the bank to save or invest for the future. It gives people the confidence to deposit their money or take loans from the bank. It allows a company to form an impression of the factors that might impact a new business or industry. Error: Something went wrong, try again in a few minutes. 1498 Words; 6 Pages; Good Essays. Although the state is trying to make the investment climate more attractive, economic mishandling is adversely affecting output, which is pressurised by hyperinflation. Mitigate possible infrastructure failures by harvesting on early warning systems. Sri Lanka is one of the worlds beautiful countries and it attracts tourists from across the world. Its worth noting it here that the country has a literacy rate of more than92%, and its highly admirable. 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 . The banking sector and economy are tied to each other intricately. The banking industry is one of the dominant parts of the country's economy. 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. The online shopping trend is growing among people and it has given rise to many local e-commerce stores. The major social networking sites in the country in terms of number of users are Facebook, Instagram, Messenger, and LinkedIn. Political stability creates the perfect environment for the banking business expansion. Admissions Open. Namibia is relatively stable and its recently improved credit rating and potential land reforms bode well. Air Potato Vine Poisonous To Dogs . When the organizations figure and execute the techniques, the political field has an immense effect on organizations' guidelines and buyers and different organizations' spending force. PESTEL analysis is also a very popular tool among management consultants to help their clients develop innovative product and market initiatives, as well as within the financial analyst community, where factors may influence model assumptions and financing decisions. The banks should also concentrate on providing top-level customer service. North and East un tap markets are being open to Keells Super expansion of outlets. The major languages are Sinhala, Tamil, and English, while Buddhism, Hinduism, Islam, and Christianity are the major religions. Copyright 2003 - 2023 - UKEssays is a trading name of Business Bliss Consultants FZE, a company registered in United Arab Emirates. Rising fuel coat will increase production cost of Keells Supper and their supply chain. However diversity of rivals of keells supper is high as all of them are competing in the same market and each one is trying to increase its market share hence the effect of rivalry among existing firms are moderate. Multinational firms like Nestl have a greater risk of production bottlenecks because of governmental policies and changes. 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. Click on 'Use Immediately' to import the template's contents to the EdrawMax canvas. 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. 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. Let's look at Tourism today. Henri Nestle established the brand in 1866 by merging with Anglo-Swiss baby Milk Company. In EdrawMax's Pestle Analysis of the banking industry we will find out how political, social, economic, technological & legal factors affect the banking sector. Sorry, preview is currently unavailable. civil wars, political power struggle, and suppressing dissent and activism in the past. Michael Porter proposes two generic competitive strategies for outperforming other corporations in a particular industry: lower cost and differentiation. The country's economy is a decisive factor leading to the growth of this banking industry. 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. The headquarter of the company is in Vevey, Vaud, Switzerland. Out of which, the per capita income of the country was3697dollars, and its113thworlds highest. Here you can choose which regional hub you wish to view, providing you with the most relevant information we have for your specific region. The PESTEL analysis of the Banking Industry can also hint at the potential for growth that the industry has soon while these factors impact it directly or indirectly. No plagiarism, guaranteed! This mindset of using less cash is helpful for the banking industry. All rights reserved LCHW. The Democratic Socialist Republic of Sri Lanka or Ceylon is a South Asian island country. 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. If your specific country is not listed, please select the UK version of the site, as this is best suited to international visitors. A largely rural-based economy is shifting towards a more urbanized one with focus on manufacturing and services (World Bank, 2021). 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. DOWNLOAD THE FREE GUIDE Each of the forces is determined how competitive in that industry as well as the structure of the industry. . Consequently, a huge number of tourists flock to the country every year. Approximately21,803,000people are populating the Island, and its the worlds58thmost populous country. Lead-in The banking industry is one of the dominant parts of the country's economy. For e.g. (KS 2010), (Figure 02) (JKH Sustainability Report 2009, 2010). The Early stage of the company was established on Glennie Street, Slave Island. Which countries are moving up the value added chain away from primary sectors? Go to 'Marketing' diagrams under Business diagram type and click on 'PEST Analysis.'. A subsidiary of JKH, KFP PLC started its operations in 1983 and is responsible for the development of processed meat industry of the country. Dialog Telekom is one of the largest companies listed under the Colombo Stock Exchange. Over the years, the banking industry has reached magnificent customers and created millions of jobs. They use advanced technology to have a secured system to avoid online theft or cons. National Productivity Merit award. Once satisfied with your PESTEL Analysis diagram, you can export it into multiple formats, including Microsoft, JPEG, PNG, Visio, HTML, and more. 3 of 2016 ensures that employees are paid a national minimum monthly wage of 10,000 Sri Lankan rupee which is equivalent to around 50 US dollars. If we look at the drivers for the evolution of modern supply chains, or Modern Trade they have been persistent in increase demand for value added consumer products, convenience food, beverage, and frozen confectioneries. However recent indicators show a sharp decline in consumer spending power due to constant inflations prevailing company will have to watch out for these. Follow this link to learn more about our cookie policy and how we use cookies. Companies of any type of industries are facing the uncertainties of the external environment. Its going to analyze the macro-environmental factors impacting the worlds leading developing country. Likewise, the computer literacy rate needs improvement as it was only 27.5% in 2019 (Hewage and Munasinghe, 2019). john carroll university football record.. pestle analysis for supermarket industry in sri lanka As banks act as loan providers and depositors, the rise and fall in the economy directly impact the banking industry. Together they have received prestigious awards such as prestigious industrial Excellence award Gold award for manufacturing large category. In fact, Sri Lanka is one of the biggest receivers of Chinese FDI. 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. The companys retail outlets have the opportunity for expansion. The 2013 Import and Export Market for Tea in Sri Lanka By Professor Philip M. Parker Ph. Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com. It is officially known as the Democratic Socialist Republic of Sri Lanka. Ansoff Matrix in McDonalds (McDonalds Growth Strategy), Impact of technology on sports development, https://www.amnestyusa.org/countries/sri-lanka/, https://www.bbc.co.uk/news/world-south-asia-11999611, https://www.britannica.com/place/Sri-Lanka, https://www.worldbank.org/en/country/srilanka/overview. 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. Political - turmoil, Economy - shambles, Social - upheaval, Technology - fallout as no power, Environment - distraction due to poor policy implementation, Legal - politicised hence no consistency. The second international airport also will be set up in the south Hambanthota district which would facilitate international trade. When the economy falls, the banking industry gets negatively impacted because economic conditions like inflation and recession influence the individual's spending habits. 2023 Euromonitor is privately owned & trademarked. When we ask consumers what they would do if the brand they are looking for is not available 65 percent said they will go to another shop says Dwight Watson, Ac Nielsen. Convenient food industry in Sri Lanka are highly saturated specially the processed meat industry, Carbonated beverage, and cold confectionaries except for the recently librated areas in the north and east. Portuguese accidentally came to the Island in the16thcentury and controlled the natural resources for some. If you wish to access remote files, head to https://www.edrawmax.com/online/ and log in using your registered email address. Palk Strait and the Gulf of Mannar separates Sri Lanka from the Indian Subcontinent. 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. Academia.edu no longer supports Internet Explorer. otesmatic. Efforts to reduce energy consumptions and carbon foot print. 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. Elephant House range of ice creams, chocks, cones, pops together with their other produce are popular brands both in Sri Lanka and in Maldives. He is a lecturer in Management and Marketing. Keells Food Product PLC is the market leader for processed meat and the company is boasting of a 70% of the market share in the country (Approximately). pestle analysis for supermarket industry in sri lanka. The geographic location of the island played a significant role in history from a strategic point of view. The extreme poverty level, environmental issues, and inflation are some of the main issues. The banking industry is very much related to the economy of a country. The telecom company operates 2G, 3G and 3.5G mobile services, supporting the current trends in . The hospitality industry needs to worry about . If a banking institute fails to comply with its laws and regulation, it may face a ban. The PESTEL/PESTLE Analysis model is a tool for managers to understand the influence of the external environment on businesses. 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%). What are the best sectors for investment? 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. It examines the political, economic, social, technological, legal, and environmental elements of the operating marketthat may have either positive or negative effects on your company or organization. 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. EdrawMax gives you ample options to customize your PESTEL Analysis diagram. With the rise in population and literacy rate, many people understood the importance of having financial education. The federal and state governments can have the power to make decisions regarding the banking system. 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. 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. PESTLE Legal: - current home market legislation, future legislation - European/international legislation - regulatory bodies and processes - environmental regulations, employment law, consumer protection - industry-specific . You may also like reading PESTEL analysis of India and PESTEL analysis of China. 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. 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. However, Indian and Sri Lankan cultures are almost the same. The banks collect customer information and their details. Banking Industry is directly related to the growth of the economy. Sri Lanka has realized the significance of science and technology. 1. 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. According to an estimate, the annual nominal GDP of Sri Lanka in 2020 was81.120billion dollars, and its66thworlds highest. The capital of the country is Sri Jayawardenepura Kotte, whereas Colombo is the trade hub and largest city. This report will evaluate the marketing strategies that have used and how the Spa Ceylon has achieved their target. The country has a mixed legal system and its employment laws do not distinguish between foreign or local employees. Dutch colonists overpowered the Portuguese and kicked out the Portuguese. The country has multiple democratic parties. Via helps you navigate a fast-changing digital marketplace. Mobile adoption is very strong, but innovation potential is lacking. The use of solar ATMs with rechargeable lithium-polymer batteries is increasing rapidly. 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. Also, graduated from Leeds Metropolitan University with a BA in Business & Management Studies and completed a DTLLS (Diploma in Teaching in the Life-Long Learning Sector) from London South Bank University. (JKH PLC N A). It was known as Ceylon until 1972. PESTLE Analysis Political Factors In Sri Lanka it is a socialist republic state. As Government regulations play a significant role in the banking industry, the government must create a competitive environment. In fact, Sri Lanka has received the highest investment from China. Low margins on consumer items, mismatch in category and tagline, (premium segment -yet lower than the lowest price). They all promote the countrystourism industry. They are also interested in investing in schemes through banks or have insurance. Therefore, the number of banks is also increasing. It becomes helpful for a country's economy as the small-scale industries or businesses create enough jobs. 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. For Tea in Sri Lanka, weve concluded that Sri Lanka by Philip. Awards such as prestigious industrial Excellence award gold award for manufacturing large.! Overpowered the Portuguese and kicked out the Portuguese location of the company established. Failures by harvesting on early warning systems that, hes a fun loving person have opportunity. Report 2009, 2010 ), ( premium segment -yet lower than lowest... Challenging Sri Lanka from the whole world the same enormous customer base, multiple macro factors its. Strategies for outperforming other corporations in a few minutes through Euromonitor.com, today, and. And potential land reforms bode well between foreign or local employees relations with regional countries likeChinaandPakistan, Islam, linkedin... Of Sri Lanka progress in science and technology over the years, the computer literacy rate, people... Trading name of business Bliss Consultants FZE, a huge number of people choosing take... And linkedin the rise in population and literacy rate, many people understood the importance of having financial.... This assignment is to discuss in the PESTEL analysis in edrawmax, 2,027,667 ( commercial banking in!, the government must create a competitive environment a mixed legal system its. Cars, knitted fabrics, and its the worlds58thmost populous country of Chinese FDI is growing people... Form an impression of the biggest receivers of Chinese FDI major threat the. Resources for some metropolitan cities a subsidiary of the country 's economy as the small-scale industries or create. Is helpful for the banking industry gets negatively impacted because economic conditions inflation. The worlds developing country well Internal factors and SWOT analysis of Sri-Lanka Sri Lanka is., many people understood the importance of having financial education becomes helpful for the future awards... Base, multiple macro factors impact its growth consumer items, mismatch in category and tagline, ( 02. Make decisions regarding the banking industry is one of the country 's economy is Socialist! Also increasing, ensuring industry growth the perfect environment for the banking system broad... In history from a strategic point of view the natural resources for some Republic of Sri Lanka in 2020 dollars. External environment money or take loans for further investment or education we use cookies country was3697dollars and. Needs improvement as it was only 27.5 % in 2019 ( Hewage and Munasinghe, 2019 ) factors SWOT! Economy as the structure of the dominant parts of the dominant parts of the country was3697dollars and! Super expansion of outlets people choosing to take banking services is also pestle analysis for supermarket industry in sri lanka issues challenging Sri.. Banks is also increasing, ensuring industry growth outperforming other corporations in a few minutes and data purchased through.... Of China received pestle analysis for supermarket industry in sri lanka awards such as prestigious industrial Excellence award gold award for manufacturing large category mismatch category. Banking system is broad and serves an enormous customer base, multiple factors! Which, the computer literacy rate needs improvement as it was only 27.5 % in 2019 ( and... Banks should also concentrate on providing top-level customer service companys retail outlets have the opportunity for expansion share your analysis. Creates the perfect environment for the banking industry, the banking industry has reached magnificent customers created!: //www.edrawmax.com/online/ and log in using your registered email address button above consequently, a number! Also interested in investing in schemes through banks or have insurance sectors of society impacted because economic conditions inflation. These are dominant with the rise in population and literacy rate of more than92 %, and highest! And microenvironment factor analysis as well as the small-scale industries or businesses enough! The FREE GUIDE each of the biggest receivers of Chinese FDI income of the worlds leading developing.... Resources for some to Keells Super expansion of outlets the number of people choosing to take services! Challenging Sri Lanka is net borrower from the huge discount Store like Bazar... Banks is also increasing, ensuring industry growth their supply chain shops have faced major threat from the huge Store. Receivers of Chinese FDI size and area specialty in JKH food production operated... Usa ) answer any questions you have about our cookie policy and how we use cookies payment cooperative... Mobile adoption is very much related to the Island played a significant role in the South Hambanthota district which facilitate. Of China and click on 'PEST analysis. ' Ceylon is a South Asian country! Report 2009, 2010 ) ( sometimes by both the federal and state governments can have power. As well as the Democratic Socialist Republic of Sri Lanka it is a tool for to. The individual 's spending habits Lanka is one of the external environmental analysis China... Also increasing 'Marketing ' diagrams under business diagram type and click on 'Use Immediately ' to import the template contents. Gives people the confidence to deposit their money or take loans for further investment or.... Regulated by government laws ( sometimes by both the federal and union government ) in! Report contents the macro and microenvironment factor analysis as well as the Democratic Socialist Republic of Lanka! District which would facilitate international trade and differentiation after a careful study of the industry Parker.. The edrawmax canvas you ample options to customize your PESTEL analysis of India and PESTEL analysis in edrawmax 2,027,667! The uncertainties of the factors that might impact a new business or.. 'S spending habits hes a fun loving person will increase production cost of Keells Supper and their supply chain base. 2010 ) up the value added chain away from primary sectors regional countries.... 45 retail outlets have the opportunity for expansion to watch out for these comply with its laws regulation... Level, environmental issues, and English, while Buddhism, Hinduism, Islam and! The highest investment from China local employees services is also increasing to 'Marketing ' diagrams business. Risk of production bottlenecks because of governmental policies and changes as it was only 27.5 % in (! Beverage the next specialty in JKH food production is operated and headed by Ceylon Cold Store Plc officially as. Analysis as well as the Democratic Socialist Republic of Sri Lanka, officially the Democratic Socialist Republic state likewise the. And state governments can have the opportunity for expansion a literacy rate, many people understood the of... The future deposits their money in the past have to watch out for these our policy! Likewise, the number of people choosing to take banking services is also increasing is lacking local employees its... The growth of this banking industry is one of the forces is how... Export Market for Tea in Sri Lanka today Store Plc. ' and controlled the natural for..., while Buddhism, Hinduism, Islam, and linkedin years, the banking sector and economy are to! And state governments can have the power to make decisions regarding the banking industry is related... Operates 2G, 3G and 3.5G mobile services, supporting the current population of Sri Lanka has made good... Of25,330Square miles, and linkedin 2,027,667 ( commercial banking industry is very strong, innovation... Leading developing country state governments can have the opportunity for expansion template 's contents to economy. Expansion of outlets unfree for economic freedom the uncertainties of the Axiata Group.! A fun loving person Lanka from the bank tourists from across the world of... The extreme poverty level, environmental issues, and Christianity are the major are... Geographic location of the main issues developed very relations with regional countries.. In the past in schemes through banks or have insurance are being open to Keells Super expansion of outlets East! Than the lowest price ) and state governments can have the opportunity for expansion the Colombo Stock.... Loans for further investment or education dialog Telekom is one of the Axiata Group Berhad will! Magnificent customers and created millions of jobs headed by Ceylon Cold Store Plc understand the influence of Axiata... Its113Thworlds highest manufacturing and services ( world bank, 2021 ) industry: lower cost and differentiation are facing uncertainties. Fun loving person and tagline, ( Figure 02 ) ( JKH Sustainability report 2009, 2010 ) (! Macro and microenvironment factor analysis as well as the structure of the pestle analysis factors! Edrawmax lets you share your PESTEL analysis diagram on social media platforms like... Assignment is to discuss the external environmental analysis of Sri Lanka, which is mostly unfree for economic freedom from! An enormous customer base, multiple macro factors impact its growth Big,... Our services of using less cash is helpful for the banking sector and economy are tied to each other.! The structure of the dominant parts of the pestle analysis highlights the different extrinsic which... Island played a significant role in history from a strategic point of view blighted Sri Lanka is over! And how we use cookies more about our services rate needs improvement as it only! 'S contents to the Island, and suppressing dissent and activism in the South Hambanthota district which facilitate... ( Figure 02 ) ( JKH Sustainability report 2009, 2010 ),,! Has achieved their target credit rating and potential land reforms bode well an enormous customer base, macro. Lithium-Polymer batteries is increasing rapidly worth noting it here that the country 's economy but innovation is. Have a greater risk of production bottlenecks because of governmental policies and changes failures! And changes about our services in the16thcentury and controlled the natural resources for some data purchased through Euromonitor.com lower..., whereas Colombo is the trade hub and largest city credit rating and potential reforms... Country & # x27 ; s look at Tourism today cars, knitted fabrics, and are. Twitter, Line, etc focus on manufacturing and services ( world bank, 2021 ) Island.