The subscription box industry, including companies such as the Dollar Shave Club and Hello Fresh, among others, is proliferating the internet. According to Chen et al. (2018), it has grown by over 100% since 2013. Many major retailers, such as Sephora and Walmart, have gotten on board to take advantage of this movement. Companies like Netflix and Disney, who provide video streaming subscription services, may also be included in this category.

For this exercise, perform an external analysis on the subscription box industry, based on your learning in Lesson 3.

Chen, T., Fenyo, K, Yang, S, & Zhang, J. (2018, February 9).

Thinking inside the subscription box: New research on e-commerce consumers. McKinsey & Company. https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/thinking-inside-the-subscription-box-new-research-on-ecommerce-consumers

Required:

1.Perform a STEEP analysis (social, technological, economic, ecological, and political/legal) analysis for the subscription box industry. Include at least three points for each STEEP factor.

You must cite at least two credible references in your analysis. Journals, reputable magazine articles, reputable newspaper articles, and scholarly articles can be searched via the Athabasca University Library at http://library.athabascau.ca.

You cite and format your references using APA (American Psychological Association) style. For assistance with APA Style, see the Purdue University Online Writing Lab for assistance on formatting citations and references. You can also ask your academic expert for help.

You must conduct your own analysis. This means you should not use another author's completed five forces analysis or STEEP analysis of this industry. Look for supporting data and information that helps you create your own analysis.