2012-08-31 11:33:03 - Food Processing Industry in China â PEST Framework Analysis - a new market research report on companiesandmarkets.com
The food processing industry is developing rapidly in China. The food industry is one of the basic industries to meet people´s living needs. Rapid economic growth combined with higher disposable income means stronger demand for high quality processed food by Chinese consumers. To meet this demand, China´s food processing industry also continues to grow at double-digit rates in excess of 10%. Experts predict that the Chinese food processing industry will surely have a bright future because currently only about one-quarter of China´ food production is processed compared to about 80% in more developed countries.
Aruvian´s R´search analyzes the Food Processing Industry in China in a PEST Framework Analysis. A PEST analysis is concerned with the environmental influences on a business. The
acronym stands for the Political, Economic, Social and Technological issues that could affect the strategic development of a business. Identifying PEST influences is a useful way of summarizing the external environment in which a business operates.
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