CHAPTER 6 INDUSTRY ANALYSIS PESTEL ANALYSIS (Political, Economic, Socio-cultural, Technological, Environmental and Legal Analysis) Socio-cultural Filipinos on average consume almost five meals a day, aside from the basic breakfast, lunch and dinner meals, the snacks in between called Merienda is a common practice for Filipinos. The staple ingredient that the Filipino people really love is rice. Even the leftovers from the previous day are recycled and combined with herbs and spices and cooked into another meal to be consumed for the day ahead. The culinary culture of the Philippines is heavily influenced by their foreign conquerors, as well as the a good number of its cultural background are influenced by the Spanish because they were …show more content…
A lot of regulatory boards are pushing for firms to be more environment-friendly and this has caused a stir among a lot of businesses especially in the food and beverage industry. Companies have started moving to recyclable materials in order to help in saving the environment, and a lot of organizations are giving out different awards in an attempt to encourage more firms to make the move to more sustainable ways of running businesses. Legal In order to be able to put up a business in the Philippines, there are some steps that the owners have to follow in order to be able to operate a business in the Philippines. The first step is to visit the City hall of the municipality that the business will eventually be located in and go to the Business Permits Licensing Office (BPLO). They will ask you to fill-up a registration form completely and have it notarized and submitted along with a couple of documents namely: Lease Contract, Business name registration with the Department of Trade and Industry, Barangay Clearance, sketch of the location, occupancy permit, locational clearance, public liability insurance, and a community tax certificate (cedula). After you have submitted the requirements, the licensing officer will then be assessed and recommended by the licensing officer. After paying the necessary fees you will then be directed to go to the fire department and you will …show more content…
The industry is one of the biggest industries that is available in the market today. It is mainly comprised of restaurants, food stalls, fast food restaurants also known as quick-service restaurants, cafés, restobars and many more companies that is in the business of the selling of food and/or beverages, as the name implies. It is also one of the fastest growing industries today, with an expected growth of almost 230% from a forecast beginning 2015 to 2021 as shown in the graph below . Food Industry