Cultivated Meat Company’s External Environmental Analysis

Using PESTEL, identify and evaluate two key factors that are likely to affect the possible venture of the company in the next three years.

You are a consultant to a group of academics from a leading UK university considering starting a UK-based company. Academics have developed a new process for producing ‘cultivated’ (or ‘cultured’) meat that they claim is significantly better than rival technologies. They believe their process could be ‘commercially viable within the next three years. You need to identify and analyze two key trends (or changes) from both the Environmental and Social categories and provide justification as to why they are important for the company.