{"product_id":"jeronimomartins-pestle-analysis","title":"Jeronimo Martins PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMake Smarter Strategic Decisions with a Complete PESTEL View\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eDiscover how political shifts, economic pressures, and rising sustainability demands are reshaping Jeronimo Martins’ strategic landscape—our concise PESTLE snapshot pinpoints risks and growth levers for investors and strategists; buy the full analysis to access deep, actionable insights and editable charts for immediate use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeopolitical stability in Eastern Europe\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eProximity of Biedronka operations to Ukraine forces Jeronimo Martins to maintain contingency plans and buffer inventories; as of Q3 2025 the company reported a 12% increase in logistics safety spending and 8 days of extra central warehouse stock in Poland to secure supply chains.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eColombian political and social reforms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eColombian political and social reforms directly influence Ara's expansion: changes to labor laws and minimum wage (COL$1,300,000 monthly in 2025) can raise personnel costs across Ara's ~200 stores, affecting margins and pricing strategies.\u003c\/p\u003e\n\u003cp\u003eGovernment social welfare and healthcare policies, including employer contributions (~8.5%–12% of payroll), increase operating expenses and capital allocation for compliance.\u003c\/p\u003e\n\u003cp\u003eStrong local-government relations remain vital for obtaining permits and navigating municipal approvals, where delays can push store openings beyond projected 6–12 month timelines, impacting ROI.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuropean Union trade and agricultural policies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAs a major retailer in Portugal and Poland, Jeronimo Martins must align procurement with EU Common Agricultural Policy reforms impacting 2023–27 funding; CAP payments to farmers in Portugal and Poland totaled about €5.5bn and €10.2bn respectively in 2023, affecting suppliers' input costs and COGS for the group.\u003c\/p\u003e\n\u003cp\u003eStricter environmental cross-compliance and eco-schemes raise producer costs, pressuring margins unless offset by supplier negotiations or SKU repricing; food inflation in Portugal was 12.6% and in Poland 15.8% in 2023.\u003c\/p\u003e\n\u003cp\u003eEU trade agreements and tariffs shape sourcing of non-food and specialty food items from outside the Eurozone—imports from Brazil and Turkey accounted for an estimated 8–12% of Jeronimo Martins’ non-food assortment in 2024—so shifts in trade policy can alter procurement routes and landed costs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernmental food price interventions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eIn Poland and Portugal past inflation spikes led authorities to deploy measures like food VAT cuts—Poland cut VAT on basic food during 2021–2022 inflation and Portugal reduced VAT on certain staples, lowering prices by up to several percentage points for consumers.\u003c\/p\u003e\n\u003cp\u003eBy end-2025 Jeronimo Martins monitors populist pressures that could push for stricter retailer margin caps; a 2023 EU survey showed 38% support for price controls in high-inflation periods.\u003c\/p\u003e\n\u003cp\u003eNavigating interventions requires balancing thin retail gross margins (Jeronimo Martins reported 6.4% gross margin in 2024) with measures to preserve affordability and market share.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePast actions: Poland\/Portugal VAT cuts on staples\u003c\/li\u003e\n\u003cli\u003eRisk: populist margin-control proposals through 2025\u003c\/li\u003e\n\u003cli\u003eCompany metric: 6.4% gross margin in 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational tax cooperation and compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe OECD Global Minimum Tax (Pillar Two) influences Jeronimo Martins’ cross-border cash flows, with the group reporting consolidated revenue of €21.7bn in 2024 and increased focus on aligning effective tax rates across Portugal, Poland and Colombia to the new 15% minimum.\u003c\/p\u003e\n\u003cp\u003eCompliance is critical to avoid fines and reputational risk; Jeronimo Martins paid €389m in income taxes in 2024 and has been restructuring entities to improve transparency and reporting.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eOECD Pillar Two 15% impacts ETR alignment\u003c\/li\u003e\n\u003cli\u003e2024 revenue €21.7bn; taxes paid €389m\u003c\/li\u003e\n\u003cli\u003eRestructuring for transparency across PT, PL, CO\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePolitical risks: logistics +12%, Colombia wage hike, CAP costs, Pillar Two impact\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePolitical risks include Ukraine-adjacent logistics spending (+12% by Q3 2025), Colombia wage shifts (COL$1,300,000 monthly min wage in 2025), CAP funding impacts on supplier costs (€5.5bn PT, €10.2bn PL in 2023), and OECD Pillar Two 15% tax alignment after €21.7bn revenue and €389m taxes in 2024.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 Revenue\u003c\/td\u003e\n\u003ctd\u003e€21.7bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTaxes paid 2024\u003c\/td\u003e\n\u003ctd\u003e€389m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLogistics spend ↑ (Q3 2025)\u003c\/td\u003e\n\u003ctd\u003e+12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eColombia min wage 2025\u003c\/td\u003e\n\u003ctd\u003eCOL$1,300,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how macro-environmental forces specifically shape Jeronimo Martins across Political, Economic, Social, Technological, Environmental, and Legal dimensions, with data-backed insights and forward-looking implications to inform strategy, risk mitigation, and investor-facing materials.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, shareable PESTLE summary of Jeronimo Martins that’s visually segmented by category for quick interpretation and easily dropped into presentations or planning sessions to streamline team alignment and risk discussions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCurrency exchange rate volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eJeronimo Martins reports in Euros while c.60% of FY2024 revenue came from Poland (PLN) and c.12% from Colombia (COP), so PLN\/EUR and COP\/EUR swings drive material translation effects; 2024 saw a c.3.8% EUR appreciation vs PLN causing negative translation headwinds. By end-2025 the group employed layered hedges (forwards, FX options) covering ~70% of 2026 capex and dividend FX exposure to stabilise cash flow and reported equity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInflationary pressure and margin management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWhile global inflation has eased from 2022 peaks, commodity and energy costs remain elevated, pushing food inflation in Portugal to 5.1% YoY in 2025 and influencing Jerónimo Martins pricing strategy.\u003c\/p\u003e\n\u003cp\u003eJeronimo Martins leverages its private-label brands, which accounted for ~40% of FMCG sales in 2024, to offer value to price-sensitive consumers while defending gross margins.\u003c\/p\u003e\n\u003cp\u003eScale advantages and supplier negotiations reduced input cost pass-through, helping maintain 2024 adjusted gross margin near 20% despite cost pressures and fending off discount rivals.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLabor market shortages and wage growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTight labor markets in Poland and Portugal drove minimum and average wages up by roughly 8–10% in 2024–2025, forcing Jeronimo Martins to increase frontline pay to remain competitive for store and logistics roles.\u003c\/p\u003e\n\u003cp\u003eHigher personnel costs have lifted operating payroll but the group reported that wage inflation was partially absorbed via c.€120–150m annual investments in automation and productivity projects across Biedronka, Recheio and Pingo Doce.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConsumer disposable income and spending patterns\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eEconomic growth in Poland (GDP ~5.8% in 2023, easing to ~3.9% 2024 IMF estimate) expands discretionary spending, enabling Biedronka to grow premium ranges, while Colombia's slower real wage growth and 2024 inflation ~11% keeps focus on essentials and affordability.\u003c\/p\u003e\n\u003cp\u003eJeronimo Martins monitors unemployment, CPI and real disposable income trends to adjust inventory, pricing and promotions—Poland shifts toward private-label premium, Colombia toward value packs and basic staples.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePoland GDP 2023 ~5.8%, 2024 est ~3.9%\u003c\/li\u003e\n\u003cli\u003eColombia 2024 inflation ~11%, constrained real wages\u003c\/li\u003e\n\u003cli\u003eInventory\/promotions aligned to CPI, unemployment and disposable income\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest rate environments and financing costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMonetary policy from the ECB, Narodowy Bank Polski and Banreplica de Colombia directly impacts Jeronimo Martins financing costs; ECB rate decisions drove euro borrowing yields to around 3.5% in 2024 while Poland's reference rate averaged ~6.0% and Colombia's DTF\/IBR near 11% in 2024–25, raising capex costs for new stores and DCs.\u003c\/p\u003e\n\u003cp\u003eJeronimo Martins kept net debt\/EBITDA at ~1.2x in FY2024 and generated operating cash flow above €1.1bn, supporting a conservative debt profile and resilience to global credit volatility.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eECB\/PL\/CO rates: ~3.5% \/ ~6.0% \/ ~11% (2024–25)\u003c\/li\u003e\n\u003cli\u003eNet debt\/EBITDA ~1.2x (FY2024)\u003c\/li\u003e\n\u003cli\u003eOperating cash flow \u0026gt; €1.1bn (FY2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFX, inflation and automation keep margins steady as private-label surges\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCurrency swings (EUR\/PLN, EUR\/COP) materially affect reported results; EUR appreciated ~3.8% vs PLN in 2024 and hedges cover ~70% of 2026 FX exposure. Inflation-driven food costs (Portugal CPI ~5.1% 2025; Colombia ~11% 2024) shift demand to private-label (c.40% FMCG sales 2024). Wage inflation (8–10% 2024–25) raised payrolls but automation investments (~€120–150m pa) and scale kept adj. gross margin ~20%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eEUR vs PLN 2024\u003c\/td\u003e\n\u003ctd\u003e+3.8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePrivate-label share 2024\u003c\/td\u003e\n\u003ctd\u003e~40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePortugal CPI 2025\u003c\/td\u003e\n\u003ctd\u003e5.1%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eColombia CPI 2024\u003c\/td\u003e\n\u003ctd\u003e~11%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\/EBITDA FY2024\u003c\/td\u003e\n\u003ctd\u003e~1.2x\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview the Actual Deliverable\u003c\/span\u003e\u003cbr\u003eJeronimo Martins PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThe preview shown here is the exact Jeronimo Martins PESTLE Analysis you’ll receive after purchase—fully formatted, professionally structured, and ready to use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56752114008441,"sku":"jeronimomartins-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/jeronimomartins-pestle-analysis.png?v=1772237843","url":"https:\/\/matrixbcg.com\/products\/jeronimomartins-pestle-analysis","provider":"MatrixBCG","version":"1.0","type":"link"}