Pest Analysis Coca Cola
Pest Analysis Coca Cola
Pest Analysis Coca Cola
Political Factors
Economical Factors
Local, national, and even the global economy can greatly influence the
operations and transactions of the company. The different taxation policies,
exchanges rates, monetary issues, international trade and industrial factors also
affect it. Currently, the Philippine Congress approves the House Bill No. 292 “An
Act Imposing Excise Tax on Sugar Sweetened Beverages (SSBs)” which seeks
to levy, assess and collect an excise tax of Php 10.00 per liter of SSBs. The
imposition of tax is aimed to generate a Health Promotion Fund to address health
concerns that stem from the consumption of SSBs.
The Philippine soft drinks industry generated stronger growth in 2016 due to
increasing disposable incomes. Despite the increasing disposable income levels
of Philippine consumers, unit price remained an important factor influencing
purchasing decisions in soft drinks. However, growth across the entire soft drinks
industry is expected to slow down over the forecast period
Coca-Cola has also been consistently updating its products and creating new
flavors to meet consumer wants. But it is making minimal effort in creating
healthier alternative drinks to accommodate consumers who are health-
conscious.
Social Factors
The changing lifestyle trends, consumer attitudes, opinions and buying patterns,
media views and perceptions of health and welfare, family culture and values and
major events and influences can greatly affect the organization. The customers’
pursuit of healthier lifestyles is one major social change that Coca-Cola has to
look into. Their increasing trend of preferring healthier alternative drinks affects
the demand of carbonated products, which ultimately can affect Coca-Cola.
Technological Factors