CAN YOU PLEASE DO A FIVE FORCES ANALYSIS BASED ON THE INFORMATION PROVIDED BELOW. I WILL UPVOTE AND PLEASE. MAKE IT DEILTALED AS MUCH AS YOU CAN

Market gap

The import bans and high tariff costs Egypt is experiencing currently are causing inconvenience to all social classes. Most goods from basic necessities such as certain foods and contact lenses to luxurious items like niche products and exotic goods are very difficult to find and even more expensive to purchase.

Factors contributing to the gap: Egypts CUstom law

Egypts new customs law ( Law no. 207) supports:

foreign investment

unifying and simplifying the procedures relating to international trade

improving the customs tax refund process

Introduces a revised post clearance audit process aimed at controlling the import and export activity more efficiently; promoting faster release of goods at the Egyptian border

This only applies for real estate investment and infrastructure as well as needed materials to accomplish such projects.

Therefore, there is a lack of cooperation from the governments side to personal products being imported, causing great difficulties in terms of customs and imports.

Factors contributing to the gap: Import Bans and inaccessible products

Various products of all categories are inaccessible to egyptian citizens due to the import bans and tariffs causing products to not be available in the market, or to be difficult and expensive to attain and purchase

Examples of such products:

Vehicles

Poultry parts

Beef and beef products

Seed potatoes

Medical equipment

Pharmaceuticals and Nutritional Supplements

Cosmetics

Luxury items such as niche perfumes, exotic bags, and special made products

Factors contributing to the gap: Egypts Taxation laws and inflation trends

14% value added tax

12% Service charge

Total 26% tax much greater than Europe and USA

Eminent cause of decreasing purchasing power and inaccessible consumption

Inflation rates are on the rise and have reached double digits in 2022 11%

Wages do not increase proportionally to inflation leading to further loss of purchasing power and crippling consumers from buying what they need

Factors contributing to the gap: depreciation of egyptian pound

Egyptian pound is depreciating and losing value against the global currencies such as the dollar and the euro

Reform program being negotiated with the IMF conditions that the Egyptian currency left to float resulted in rate rising from 16 pounds equivalent to 1 dollar TO 19.2 pounds per dollar NOW 1 pound = 0.05 dollars

Leads to loss of purchasing power, lack of trust in Egyptian economy by investors and multinationals, increased expenses to be incurred by Egyptians when importing goods and services

Factors contributing to the gap: influence of social media

Egyptians are becoming more and more influenced by western and global trends westernization and globalization are causing increased interest in foregin products and trends

This leads to the increased demand of those products, leading to higher price and lower supply, again leaving egyptians helpless against import bans and unavailability of products

How can we rectify this situation?

Our purpose:

We aim to help those suffering from the previously mentioned factors to locate and purchase the items they need.

We will purchase the required items from their origin countries for minimum prices and as little commission as possible to help customers overcome the extra expenses incurred due to inflation and currency depreciation.

We will locate the needed items abroad and bring them to Egypt through our advanced global network of live shoppers in collaboration with the government as well as local and international courier companies.

Purchasing products from origin countries helps overcome import bans, harsh customs, increased taxation, and high prices due to increased demand and else.

Our Company: We are Niche-with-Ease!

Government-supported service providing an all encompassing variety of NICHE products from abroad.

Conditions for operation:

No equivalent alternatives in terms of price, quality, delivery time, and else.

Under a particular volume of product for ease of governmental procedures and to avoid red-tape.

Approval of product as per its availability of product within the countries where live shoppers are delegated by us.

Acceptance of terms and conditions relating to deposits and variable expenses.