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Anmol Elen01b Act1

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NAME: Anmol deep Singh SECTION: MM202

COURSE CODE: ELEN02B PROFESSOR : Ms De Castro Lanilyn

MONDE NISSIN

INTRODUCTION

Monde nissin corporation, a filipino multinational company founded by Betty Ang


that has dedicated itself proving vast array of branded food and beverages that is
consumed by every Filipino.

COMPANY BACKGROUND

From the first biscuit to roll off our production lines in the 1970s to the wide range
of food products. Monde Nissin’s ongoing dedication is demonstrated by the success of
our well-known brands, like Lucky Me! Noodles, Quorn meatless products, Fita and
Skyflakes crackers, and Monde baked goods. Meat Alternative and Asia-Pacific Branded
Food & Beverage (APAC BFB) are the two business segments. Pasta, quick noodles,
drinks, biscuits, and bakery goods are all produced and distributed by the APAC BFB.
The Meat Alternative is a company that produces and supplies a range of meat substitute
brands and goods to food service and retail establishments in the UK, US, EU, and Asia-
Pacific. For over thirty years, Monde Nissin has aggressively and steadily become one of
the nation's top food producers. From its first biscuit, Monde Nissin Corporation has
developed into a leading food company that, since 2000, has been ranked among the top
100 companies in the Philippines.

Acquisitions

Monde Nissin is working to make strategic acquisitions in order to broaden its


range of products and increase its market penetration. The British meat substitute
company Quorn Foods, which is well-known for its plant-based protein products, was
purchased by the corporation in 2013. With this transaction, Monde Nissin officially joined
the global market for meat substitutes. The Executive Committee of Monde Nissin
Corporation (“Monde Nissin” or the “Company”; PSE stock symbol: MONDE) has
approved the acquisition of a 15% stake in Figaro Coffee Group Inc.

BODY

ENVIRONMENTAL VARIABLES

Political factors

Tax reforms can force Monde Nissin to raise the price of their product, which may
cause consumers to look for alternatives rather than purchase from them leading to a
decline in sales.

Economic conditions

The overall economic growth of the Philippines influences consumer spending


power and market demand. It is anticipated that the Philippine economy would
strengthen, maintaining its ranking as one of the fastest-growing in the area. The
country's growth rate in 2024 is projected by the DBCC to be between 6.5 and 7.5
percent.

Elevated rates of inflation may have an effect on pricing policies and


manufacturing costs, which may have an effect on profit margins and consumer
spending of the customer High inflation rates also raise the cost of raw materials
required for production, which affects many manufacturers and forces them to either
lower their prices or find a cheaper supplier. This is similar to how prices rise and
customers may reduce their consumption when inflation rates are high. Global banking
giant Citi raised its 2024 inflation forecast for the Philippines to 3.6 percent from 3.4
percent previously

Regulatory environment

Monde Nissin's activities depend on adherence to the rules and laws governing
food safety established by governmental organizations like the Food and Drug
Administration (FDA). The agency is in charge of licensing, observing, and regulating
the safety, and effectiveness of the food for the Republic of the Philippines, therefore
certain regulations can adhere to the production and distribution of the food if it is not in
compliance with the safety regulations of the food and drug administration

Environmental Sustainability

Plastic waste and recycling

Operating procedures and a company's reputation are impacted by respect to


environmental regulations, pollution prevention strategies, and sustainable development
objectives. As per a food industry business they are always prone to natural disasters,
climate change impacts, and environmental degradation is a significant concern. climate
change scenarios played out to 2030 and 2050 in the Philippines show a reduction in
average per capita consumption of cereals by 24 percent and fruits and vegetables by
13 percent

Technological factors

Automation

There are many advantage of using automation in the food manufacturing


process because it increase the efficiency of the operation and maintains the
consistency in the quality of the products. Automation revolutionize processing,
packaging , quality control and inventory management
DATA ANALYSIS

Food inflation playa major role economically and consumer spending. As per
philipines statistics authority, food inflation at the national level rose to 4.8 percent in
February 2024 from 3.3 percent in January 2024. Decrease in the index of vegetables,
tubers, plantains, cooking bananas, and pulses was slower, which accelerated the rise
in food prices.

The revenue regulation primarily focused on sweetened beverages, and monde


nissin is primarily affected because practically use of the sugar is major part of their
production of food items. n particular, the implementation of RA No. 10963, or the Tax
Reform for Acceleration and Inclusion (TRAIN) law, which took effect on January 1,
2018, will be the one that might affect the affiliate brand of Monde Nissin

Development policies that prioritize food exporting over domestic consumption,


increasing dependence on imports, and transforming dietary staples into nonfoods pose
significant challenges to food security in the country Monde Nissin operations will be
greatly affected since its operations are inside Philippines.

The Philippines is thought to generate 2.7 million tons of plastic waste every
year. Many of these waste materials wind up in landfills and other bodies of water.
Since Philippines is sachet economy , it has worsen the pollution of plastic in marine
regions. According to studies Philippines use 163 million sachet per week. Almost 2.7
million tons of plastic waste are generated in the Philippines each year, and an
estimated 20 percent ends up in the ocean.
By 2024, it is anticipated that the Food Industry Robotics market in the Philippines will
generate US$0.37 million in revenue. It is anticipated to increase at a rate of 4.43% per
year (CAGR 2024–2028), reaching a market size of US$0.44 million by 2028.
ENVIRONMENTAL MAPPING
TRENDS AND PATTERNS

Plant based alternatives

More Filipinos are becoming diet-conscious. The growing trend of interest is the
need for plant-based alternatives. A growing number of Filipinos are switching to plant-
based diets or, at the very least, occasionally seeking out vegetarian or vegan substitutes.

Southeast Asian flavors

After the epidemic, customers have been enjoying it; in 2023, Southeast Asian
cuisines should be quite popular. Menu items will, however, go beyond the typical fare of
nasi lemak, beef rendang, and chicken satay to include undiscovered cuisine and beyond
the local cuisine

Halal food

The market for halal-certified processed foods is expanding as a result of the


Philippines' large Muslim population and status as a center for the manufacture of halal
food. To get into this profitable market niche both domestically and abroad, food
processing companies are investing more and more in halal certification.

Cultural influenced food

Korean and Japanese has huge influence on the Filipino food market. Every corner have
a jaoanese restaurant and samgyup restaurant and this leads to Filipinos craving for
foreign flavors in convenience food
STRATEGIC RECOMMENDATION

Sustainability practices

Make sure that sustainability is also a central component of the company's plan ,
especially when it comes to packaging solutions, since Monde Nissin’s products are
mostly packed in plastic, recycled material should also be used in packaging. Think
about programs that encourage ethical ingredient procurement, minimize waste
production, and lower carbon footprints. This supports long-term brand loyalty and
reputation in addition to being in line with rising customer expectations.

International expansion to build brand reputation

Global expansion in order to diversify sources of income and make the brand
image beyond domestic market. Determine the most important target markets with the
greatest room for expansion, then create specialized distribution and market entrance
plans. Utilize the brand value that already exists in home market and modify items
according to the market the company going to expand

CONCLUSION

In conclusion, Monde Nissin is an established food and beverage company


founded by betty ang, has always served Filipinos with less pricy convenience food. The
company have huge chance to enter the plant based food industry locally and
internationally too.

As per rising environmental concerns about plastic packaging, In order to


properly capitalize on these trends, Monde Nissin ought to give sustainability practices
top priority and integrate them into its overall business plan. This includes reducing
waste output to reduce carbon footprints, utilizing recycled materials in packaging, and
putting in place systems for the ethical sourcing of ingredients
REFERENCES

https://www.psa.gov.ph/price-indices/cpi-ir

https://www.studocu.com/ph/document/university-of-southeastern-
philippines/marketing-management/external-factors-analysis/27760752?origin=organic-
success-document-viewer-cta

https://typeset.io/questions/what-are-the-major-challenges-facing-the-food-industry-in-
4r04h5pz1e

https://www.worldbank.org/en/country/philippines/publication/market-study-for-
philippines-plastics-circularity-opportunities-and-barriers-report-landing-page

https://www.statista.com/outlook/tmo/robotics/industrial-robotics/food-industry-
robotics/philippines

https://www.philstar.com/business/2024/03/10/2339324/citi-hikes-philippines-inflation-
forecast#:~:text=MANILA%2C%20Philippines%20%E2%80%94%20Global%20banking
%20giant,expected%20headline%20print%20in%20February.

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