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Essay / Analysis of economic trends using the example of the Canadian company C'est Dessert Please
The analysis of economic trends in the Canadian and world economies shows that the management team of C'est Dessert Please will have to take into account the unemployment rate, price inflation as well as union wage premiums in the future. It is essential to look at forecasts regarding future inflation rates, especially potential inflation for the food industry, where there would be an increase in the cost of food, to make future plans as a business and for the union. An increase in the unemployment rate and inflation will likely encourage workers to unionize. One strategy the union could propose, based on the impact of the economy and globalization, would be to address internal or national economic conditions in order to strengthen the union (McQuarrie, 2015). Say no to plagiarism. Get a tailor-made essay on "Why violent video games should not be banned"? Get the original essay Since 2014, employment levels for bakers have been unstable as more and more bakeries and manufacturing plants are increasingly turning to automated cooking machines. As the Leslieville bakery transforms into a high-volume producer, C'est Dessert Please does not need specialized bakers and will need to hire more people to man the machines as more functions are mechanized. There is a surplus of people trying to find a job as a baker. The agri-food industry, although having faced a certain number of challenges such as the rise of the Canadian dollar, the rise in prices of raw materials, the recession, etc., managed to see its revenues increase regularly between the years 2004 -2011. However, growing health awareness is limiting the growth of baked goods with an increasing number of families becoming more health conscious. Canadians want more baked goods made with less sugar, non-GMO, gluten-free and nut-free ingredients. It’s Dessert Please has the opportunity to grow and differentiate themselves from the competition if they incorporate their customers’ preferences into the production of their products. in their factories. Financial analysis shows that C'est Dessert Please has seen a sharp decline in sales over the past three years and is currently operating with a net profit of -1,485,513.42. Given C'est Dessert Please's financial situation, the company's main priority at this point should be to retain its current workforce, stabilize its work environment, and reevaluate its product line. They will also need to strive to make significant budget cuts wherever necessary to ensure business continuity..