Challenges and Issues Faced by TESCO: A Business Report

BUSINESS REPORT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Determining challenges or issues that TESCO is facing.............................................................3
Purpose of study..........................................................................................................................4
Stakeholder analysis....................................................................................................................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Business report refer to official document that encompass statistical data, important
factual information, and strategic tactics & their implementation information in the context of
venture objectives achievement. The current study will be based on TESCO, which falls under
the category of leading supermarkets in the UK that sells quality products and offer useful
services to local people according to their needs. The assignment will define pandemic, emerging
market trends, rising cost of raw material and competitive rivalry as current issues that firm face.
Lastly, the report will define stakeholder analysis that determine the impact of report upon
stakeholders.
TASK
Determining challenges or issues that TESCO is facing
TESCO is the world’s famous and leading British multinational retail brand in the United
Kingdom. There are several factors accessible in business world, which may put impact on firm
in negative way and due to these, organization may face challenges that affect its current affairs.
Here, the main three issues mention below that supermarket has been facing and these are;
Pandemic-
It is one of those current problems that TESC may face just like other brands or whole
world because it emerges environmentally. It connects to recent affairs of the company in term of
affecting current activities of its venture. For example, due to this factor, it may enable to open
its outlet in any nation, just because government ordered to shut each physical stores where
people gathered in bulk as they take this action to prevent individual person from spread of
infection (Akram and et.al., 2021).
Emerging market trend-
It is another issue that recently firm may face and deal to overcome in effective and short
term duration, because it may lead to decrease sales and productivity of brand. Supermarket face
this problem, due to fluctuation in needs and buying habits of each customer as they their
decision making process affected from pandemic, which drive their attention towards purchasing
vegan food items and many more that are healthy and enable them to be so ( Kuchler and et.al.,
2020). This kind of change as social factor put direct impact on inventory, operation, marketing
and finance functions of supermarket.
Intense competition-