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PESTLE Analysis of Wildcraft analyses the brand on its business tactics. Wildcraft
PESTLE Analysis examines the various external factors like political, economic,
social, technological (PEST) which impacts its business along with legal &
environmental factors. The PESTLE Analysis highlights the different extrinsic
scenarios which impact the business of the brand.
Economic Factors:
Below are the economic factors in the PESTLE Analysis of Wildcraft:
Although the spread of Covid-19 crippled the sales of clothing brands, Wildcraft
spotted new opportunities.
Social Factors:
Following are the social factors impacting Wildcraft PESTLE Analysis:
Technological Factors:
The technological factors in the PESTLE Analysis of Wildcraft are mentioned below:
If required the chatbot can also transfer the chats to personnel within the company.
Legal Factors:
Following are the legal factors in the Wildcraft PESTLE Analysis:
Wildcraft has to ensure compliance with the laws in the jurisdictions where its
business operates. Any violation in this regard may force the company into litigation
and incur legal costs. The company also needs to be careful about its intellectual
property rights. The law may not provide enough protection to companies in case of
any violations. This may force companies to enter into litigation and file legal cases
against the accused. In some cases, resolution to such cases may take considerable
time and money, affecting the financial resources of the company.
Environmental Factors:
In the Wildcraft PESTLE Analysis, the environmental elements affecting its business
are as below:
Any unforeseen event like natural disasters can negatively affect the financial and
operational performance of the business. Such natural disasters include floods,
earthquakes, cyclones, spread of infectious diseases, etc. The outbreak of Covid-19
is one such prime example. Yet, the brand tapped the market opportunities available
during the months of the lockdown. Wildcraft started mass scale production of
masks. These are special masks with a 3-layered filtration process and are reusable
till 30 days. It also started producing personal protective gear and PPEs. Also, during
the pandemic, the demand for respirators and hazmat increased, particularly for
medical professionals. Thus, the brand even sought approval from the Ministry of
Textiles to help such medical professionals who needed the gear.
During this time, the brand also collaborated with Myntra to provide PPEs on
Myntra’s e-commerce platform. The Hypashield mask is a special mask, which
provides a three-layered filtration protection system for people. Thus, these steps
helped the company gain financially from the measures taken to tap opportunities in
the market.