1. Individual Assignment - PESTEL.Your mission is to identify the major factors influencing world affairs by performing a Macro Economic analysisusing PESTEL.You should consult at least 5 journal...

Food industry in Australia
Political: On the political front steps are needed from the government to save the food sector from sharing the same
fate as the automobile industry. It needs to encourage investment and innovation in food manufacturing, make the
prospects in agriculture look more attractive to young people, reform the tax structure and allow more consolidation
in the sector.
Economic: The industry is very competitive. Consumers are very demanding especially with the higher incomes at
their disposal. Besides, Australian food sector is heavily reliant on exports. China is a big export market for the
country. However, as China shows signs of slowdown and risk has emerged to the country’s export growth.

Social/cultural: The growing cultural bend towards leading a healthy lifestyle has given rise to increase in consumer
interest in healthy foods and thus given a boost to this subsector.

Technological : Australia offers high degree of supply chain integration, which adds to the sophistication in the
Australian food sector. This has been possible because of technological advancements in processes like automation
of store stock ordering, streamline delivery of food as well as automatic replenishment of high turnover stocks. With
the growth of emerging markets, Australia faces a challenge in terms of making businesses cost efficient in the
country. Emerging markets have a low-cost infrastructure which lowers investment costs for many large players.
This could make Australia look as an unattractive destination.

Legal : Policy requirements for food labeling by the food standards agencies of Australia and New Zealand could
esult in more cumbersome labeling requirements for producers. The government also has been encouraging foreign
investment and offers a transparent business environment.
Environmental: On the environment front, climatic extremities leave Australian farmers vulnerable and necessitate
heavy investment in storage and harvesting facilities. There is also some speculation about the potential
environmental impacts of food production, processing and handling practices
Mining industry in Australia
Political: The government has proposed a 30% tax on mining companies' profits in coal and iron ore
production. The industry experts claim this might affect their competitive advantage , as the industry is cu
ently
under pressure to thrive like it did before.
Economic : The country is rich in mineral wealth, and export from the sector
ings in large amount of revenues.
Australia's geographical location, close to the major iron ore and coal importers that are China and India gives it
competitive advantage over other mining countries. But it faces stiff competition from countries like Korea. Labor
costs are very high relative to other mining economies in the region.
Social/Cultural Australian mining industry has deployed considerable funds in training its employees.
Technology Australia could become an even more important thermal coal producer as Indonesia retreats from the
export market, while economies in Asia adopt aggressive electrification programmes.
Legal: Australia has a robust regulatory infrastructure and its mining legislation is one of the best in the world.
Environmental: Blessed with rich natural resources, Australia's economic activity will be augmented
y commodity exports and the high investment inflows into the mining sector. Mining, undoubtedly, presents some
serious...