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A change like this could affect purchases of foods (and the importing/exporting of ingredients) for their country. Culture PEST Analysis of Australia - A Highly Developed Market Economy PEST Analysis of Australia Introduction Australia is a vast continent and a country comprised of many smaller islands. Technology is necessary to create packaging, food labels, and the production of food. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro . Nowadays, people prefer meal kits. Here are the Economic factors impacting the food industry: As a general trend, the worlds population is only getting richer. Disposable incomes are growing for a reason: laborers are earning more money these days. The threat of competitive rivalry in the Australian meat industry high. Pestle analysis of food and beverage industry. The neighbouring countries are Papua New Guinea, Indonesia, East Timor, the Solomon Islands, Vanuatu, and New Zealand. Australia is also a leader in the renewable energy sector, with the countrys solar and wind industries having grown significantly in recent years. This analysis will assess the impact of the political, economic, social, technological, and legal factors on the industry. In the following report, discussion is focused on the retail industry and the case of Wal-Mart Stores, Inc. has been taken under considerations for acquiring a better understanding regarding the same. Many international brands have faced Halal meat in Muslim countries. Therefore, Australia needs to do more to tackle these challenges. Food policies generally affect wholesalers, retailers, consumers, and as well as farmers. PESTLE analysis is a framework which is imperative for companies such as Nestle, as it helps to understand market dynamics & improve its business continuously. The capital of the country is Canberra, while her most populated and crowded city is Sydney. Bacteria, Hazard Analysis and Critical Control Points, Pest analysis on food and beverage industry australia, Pest analysis on ice fili russian ice cream.