Skip main navigation

New offer! Get 30% off one whole year of Unlimited learning. Subscribe for just £249.99 £174.99. New subscribers only. T&Cs apply

Find out more

Analysing future business trends with the PESTLE framework

Ethical brand consultant Sarah Greenaway takes you through using the PESTLE framework to analyse the market for sustainable fashion.
It is important to understand the wider context of the sector in which you operate, because these trends and changes will affect your business and your brand. The ‘PESTLE’ framework is a useful tool to help you carry out market analysis.

PESTLE is a mnemonic for factors that drive and shape market trends and consumer behaviour. The framework covers:

  • Political factors – Government changes that will affect trading – eg taxation & duty, grant funding, stability, international trade policy, environmental policy

  • Environmental factors – The impact of environmental change – eg materials availability, flood risk, water shortage, carbon footprint, pollution

  • Social factors – Changes in the way society is behaving that influence your customer’s attitudes – eg changing household sizes, the rise of social media, changing attitudes to sexuality, adoption of greener lifestyles

  • Technological factors – How tech innovation will impact the market and your business

  • Legal factors – Changes in legislation that will impact your business – eg Living/minimum wage laws, toxic materials legislation, labelling laws

  • Economic factors – Major economic drivers that affect trading, from local factors such as employment costs that affect margin and retail selling price, to national economic stability forecasts and international trading agreements.

The PESTLE framework

Download the PESTLE framework PDF

Use your experience and desk research to identify the three major sustainability and ethical issues for each PESTLE factor that will impact your business in the next five years. Feel free to share your thoughts in the comments below.

© Mysource Ltd
This article is from the free online

How to Build a Sustainable Fashion Business

Created by
FutureLearn - Learning For Life

Reach your personal and professional goals

Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.

Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.

Start Learning now