They prefer physical shopping and like the face to face contact. All of these create uncertainties and challenges to the market players. The labor cost in China is extremely low. This is why leading companies like Apple are inclined to hire workers from the country.
Taobao is the largest local e-commerce website, and many people spend a lot of their things from the site. Other social factors are consumer lifestyles, education, religion, and emigration.
This promotes how e-commerce causes less pollution and restricts the damage to the environment. The rapid economic growth and stable political conditions make the e-commerce industry lucrative to investors. Attaining strategic objectives of cost reduction Local differentiation The strengthening of core competencies in certain areas and business activities You are perhaps aware that China is a formal member of WTO.
Political Factors Political factors which impact China are: Many people claim that the political force is the most unsettled force. Some factors which might help are: There are risks like lack of trust.
The growth rate is impressive, but it can slow down. The main challenges for businesses in China are: One major factor which impacts China is the increasing awareness of environment protection.
For example, population growth and age distribution fluctuate. These can alter social trends and cultural values. Government regulations Both formal and informal rules, which firms must abide by, impact the country.
Sigh rate of savings More export business Potential urban growth Any economic development could have a major impact on the SMEs and their actions. There are million Internet users in the country. And the lack of safe online credit card payment system is one of the key reasons for this low usage and penetration.
E-commerce has changed how local consumers see shopping. Other risks include lack of stable and secure online payment systems. Companies will benefit if they can understand the external macro-environment in which they function and will operate in the future.China is one of the major players in the global market.
PEST analysis of China shows that it is a flourishing country with the need for some small changes. Transcript of Pest Analysis for United States and China (Cosmetic) PEST Analysis for United States and China PARY COMPANY - Founded in year - Headquarter located in Kuala Lumpur "Everyone is Pretty" Economic Analysis Social Analysis-Population Technology - Alternative to animal testing.
However, the counterfeit cosmetics still pose as a major deterrent to foreign investment in the industry. Aruvian's R'search analyzes The Cosmetics Industry in China in a PEST Framework Analysis.
A PEST analysis is concerned with. The main purpose of this analysis is to understand how the PESTEL analysis affects the cosmetics industry. In this report I will talk about political, economic,social, technological, environmental, legal factors in details to have a clear understanding how each of these factors affect the external environment of cosmetics industry.
Mar 17, · Check out our top Free Essays on Pest Analysis Of China In Cosmetic Industry to help you write your own Essay. This report on Cosmetic & Personal Care Product Manufacturing: Provides Market Size information to assist with planning and strategic decisions.
Includes the necessary information to perform SWOT, PEST and STEER analysis. Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply .Download