Fast food case study Essay Example | Topics and Well Written Essays - 2500 words

Fast victuals case study - Essay ExampleFurthermore, changing modus vivendi of young generations have also played considerable role in the growth of the industry (Report Linker, 2013). persistence growth is characterised by following dominant factors of increasing urbanisation increasing number of working parents leaders to reduced cooking time at home and changing lifestyle. Mobile foods stalls and fast food service providers are expected to grow with fastest pace mainly due to time and legal injury benefit. Mobile food service is forecasted to outdo $2.5 billion by 2017.Attraction of mainland China to world requires no emphasis. Most recently World Bank has raised the economic growth forecast for the year 2013 to 8.4% as compare to forecast growth of 8.1% issued in Oct 2012 (China Daily, 2012a). Though eatery industry is not only reign by the economic growth but the fact remains that growth is highly dependent on the economic as disposable income constituting the main driving f actor. Chinas full service eating place industry (expectedly) generated 61.0% or $287.8 billion of the total $471.8 billion of catering subsector in 2012. The restaurant industry account 16.5% of steady growth in tax in last five years. Opportunity in Chinese restaurant industry can also be gauged from high fragmented characteristic with 2.8 million preceding(prenominal) restaurants in this industry in the year 2012. Further, four major players only accounted for 0.7% of total industry revenue while chain and franchising operations accounted only 3.0% of revenue in 2012 (IBIS World. (2012).With above statistics giving highly personable picture of global growth as well as regional hot cake China in restaurant industry the underlying report develops assessment of Chinese external environment for restaurant launching. The assessment is aimed to prepare homework grounds for the fast food restaurant to