The analysis utilized to determine the position of business in the market is done by using PESTLE analysis, given up Exhibition A. Changing Channels Progressive Insurance Drive Insurance works under the rules and regulations directed by federal government and food authority. The business is more concentrated on its products and services to make sure about the product quality and safety. This analysis will help in understanding environment of external market in the international food and beverage industries. (Parera, 2017).
Political.
The political effect on the company is significantly affected by the federal government laws and regulations. In efforts to produce great food, Changing Channels Progressive Insurance Drive Insurance is changing the requirements of food and drink manufacturing.
Economic.
Initiation of the business where the capital earnings of each private matters for the increased net sale as this varies country-to-country. The economy of the Changing Channels Progressive Insurance Drive Insurance Company in U.S. is growing year by year with variable products launch especially concentrating on the nutritional food for infants.
Social.
The social environment keeps altering with respect to time like the attitude of the consumer in addition to their way of lives. Any product and services of any business can not achieve success until the company is not concerned about the living system of the consumer. Changing Channels Progressive Insurance Drive Insurance is taking measures to meet its goals as the world is in search of healthy and tasty food.
Technological.
In the advancement of service, strategic procedures are rather mandatory. Changing Channels Progressive Insurance Drive Insurance is among the leading popular international company and by time it purchases different departments to take its items to new level. Changing Channels Progressive Insurance Drive Insurance is investing more on its R&D to make its items healthier and healthy providing consumers with health benefits.
Legal.
There is no such impact of legal aspects of Changing Channels Progressive Insurance Drive Insurance as it is more concerned over its laws and policies.
Environmental.
Changing Channels Progressive Insurance Drive Insurance, in regards to environmental impact is dedicated to work in environmentally friendly environment with preservation of the natural deposits and energy. As due to the manufacturing of bigger variety of products there might be a threat if the resources utilized are recyclable or not.
Exhibit A: PESTEL Analysis
