Additionally, the company can look at expanding its offerings to include products that are not available in its competitors’ menus, which will help to attract new customers and retain existing ones. Economic Issues As the global economy faces uncertainty, consumers are becoming more conscious of their spending habits. This trend is a significant threat to Jollibee, as its menu items are perceived as expensive by some customers.
To this trend by offering economic diets or value meals, which will help vp it email list to attract price-sensitive customers. Jollibee can focus on offering more affordable menu items, such as value meals and combo deals. The company can also introduce loyalty programs and discounts to incentivize customers to purchase more items from Jollibee. Additionally, the company can look at reducing its overhead costs to lower its prices further, which will help to attract more customers.
Growing protectionism Growing protectionism can be a significant threat to Jollibee’s expansion plans. Protectionist policies, such as trade barriers and import tariffs, can make it difficult for Jollibee to import ingredients and raw materials from other countries, which may increase costs. Additionally, protectionism can limit Jollibee’s ability to expand globally, affecting its growth prospects. Jollibee can focus on developing local sourcing networks in its operating countries.
The company will have to adapt
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