CONSUMER MARKETS The chocolate of tomorrow What today’s market can tell us about the future June 2012 kpmg.com R evenues from the chocolate industry continue to prove rewarding‚ with 2011 figures from IBISWorld predicting annualized growth of around 2% over the next five years‚ after dampened expectations during the dark days of 2007-09. But behind the encouraging headlines‚ many companies are battling to stay on top of a rapidly shifting marketplace. Taste is diverging‚ as fast-growing
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Case analysis for Hershey Foods Critical Issues- In his first year as CEO of Hershey Foods Richard Lenny faced conflict with the community‚ employees and investors. He had already endured the longest strike in the history of the company‚ closed plants‚ and managed to increase profits by 10%. The Hershey Trust Company‚ majority shareholder of Hershey Foods‚ is responsible for funding the activities of the Hershey School‚ and in recent times has come under criticism for lack of diversity in its portfolio
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250AD – 1000AD The earliest record of chocolate consumption dates from the Classic period of the Ancient Maya of Mexico and Central America. The Maya and their ancestors made chocolate into a spicy drink (cacao paste mixed with chili peppers‚ vanilla and other ingredients) that they used in ceremonies. 14th – 16th century The Aztec‚ between the 14th and 16th centuries‚ were among those who had to trade for cacao and often required that citizens and conquered peoples pay their tribute in cacao seeds—a
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Chocolate is made from the cacao bean. According to Rodney Lipson‚ “Cacao has been a cultivated crop for at least three thousand years‚ probably quite a bit more. The people who first utilized Cacao were the inhabitants of what is now Venezuela” (Lipson) This group of people would eventually spread the cacao bean in northwestern South America. Cacao was clearly highly valued by these people and they spread it northward through trade with their neighbors. It was probably the Maya‚ over 1500 years
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Journalist‚ Researcher‚ and Writer BusinessEducationHealthHistoryMisc.SportsAbout Economic Globalization: An unstoppable force Written on July 1‚ 2011 Source: Angus Maddison‚ Oxford University Press‚ 2007 Economic globalization has been occurring since the Hellenistic Age (323 BC) but it is since the industrial revolution‚ particularly from the mid 1800s‚ that trade between countries has had a notable increase. Today‚ however‚ there appears to be a parabolic rise due to the advent of
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April 27‚ 2010 The Hershey Company Introduction Recent trends toward globalization have revolutionized the confectionary industry. Although Hershey’s has traditionally focused on the American domestic market‚ it has recently attempted to diversify into international markets. However‚ these attempts have been largely unsuccessful‚ and Hershey’s global market share has decreased over the past five years. Hershey’s failure to expand internationally stems from two misfits. Hershey faces an external
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LINDT VS. HERSHEYS “To make a comparison and contrast of two chocolate products/companies; Swiss chocolate company Lindt and American chocolate company Hershey‚ in regards to media outlets‚ community impacts and sustainability” INTRODUCTION Almost everyone around the globe loves chocolate‚ whether it is the art or the quality they focus on‚ or just the taste and the brand‚ it is one of the highest purchased of all the confectionaries. Lindt is a premium product chocolate brand and company‚ established
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CHOCOLATE The chocolate is one of the favorite flavors that people like the most. According to a survey that I administrated which I made in order to see what it’s the flavor that everybody likes the most‚ the 59.4% of the people who responded preferred chocolate‚ while the vanilla was only preferred by the 37.5%‚ 3.1% didn’t choose any of them. Chocolate can be a healthy food. In fact‚ The University of Michigan even lists dark chocolate as one of the essential foods as a part of their “Healing
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Colonialism and Globalization 11-6-2009 The Driving Force of Nationalism: Economics Many regard nationalism as a primarily European phenomenon that was introduced to the rest of the world later (Chattarjee 1993). Benedict Anderson defines a nation as‚ “an imagined political community… both inherently limited and sovereign‚” (1991). Nations are chiefly the result of economic forces‚ rather than cultural and religious biases. According to James C. Scott‚ a political science professor at
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Methodology 4. Chocolate Industry 5. Chocolate in a Bloom 6. Chocolate Industry in India 7. Major Players 8. Amul 9. Nestle 10. Cadbury 11. SWOT analysis of Cadbury 12. Market Segmentation 13. Psychographics and Demographics 14. Product Positioning 15. Product Market Boundary 16. Price Sensitivity 17. Consumer Buying Behaviour 14. Industry Structure and Dynamics 15. The Rural Conundrum 16. Key Success Factors 17. Product Life Cycle 18. Positioning 19. 5 Force Model 18. Rural
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