Topic > The analysis of economic trends on the example of the Canadian company C'est Dessert Please

The analysis of economic trends in the Canadian and global economy shows that the management team of C'est Dessert Please will have to consider the rate of unemployment, inflation prices and union wage premium in the future. Looking at forecasts for future inflation rates, particularly potential inflation for the food industry where there is said to be an increase in the cost of food products, is essential to making future plans as a business and for the union. An increase in both the unemployment rate and price inflation is likely to push employees to join unions. One strategy that the union could propose based on the impact of the economy and globalization would be to address domestic 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 Shouldn't Be Banned"? Get Original Essay Since 2014, employment levels for bakers have been unstable as more and more bakeries and manufacturing plants are increasingly moving to automated baking machines. As the Leslieville bakery transforms into a high-volume manufacturer, C'est Dessert Please doesn't need specialized bakers and will have to hire more people to operate the machines as more functions become mechanized. There is a surplus of people trying to get jobs as bakers. The food manufacturing industry, despite facing a number of challenges such as rising Canadian dollar, rising raw material prices, recession, etc., has managed to steadily increase its revenue between the years 2004- 2011. However, increasing health awareness is limiting the growth of baked goods and more families are becoming more health conscious. Canadians want more baked goods made with less sugar, non-GMO, gluten-free and nut-free ingredients. C'est Dessert Please has the opportunity to grow and differentiate itself from the competition if they incorporate these customer preferences into the production of their products in their factories. Financial analysis shows that C'est Dessert Please has seen a huge decline in sales over the past three years and is currently operating with a net profit of -1,485,513.42. With C'est Dessert Please's financial situation, the company's main focus at this point should be to retain its current workforce, stabilize the work environment, and reevaluate its product line. They will also have to work to make large budget cuts wherever necessary to ensure the company continues to operate.