Agriculture Supply Chain Management: A Review (2021–2030)

 The supply chain is the flow of products and information between the member organizations of the supply chain. Thus, agriculture supply chain management involves managing interaction between companies that are responsible for effective production and supply of products from farms to consumers, to reliably satisfy consumers in terms of quantity, quality, and price requirements. This generally includes managing horizontal and vertical alliances and business-to-business relationships and processes. However, the supply chain for different agricultural products is full of challenges such as smallholders/marginal dominance of farmer, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure. However, the use of upcoming technologies such as blockchain can solve the challenges in the agriculture supply chain management, thus improving the overall efficiency.

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The COVID-19 pandemic has impacted the global agriculture supply chain management market adversely. It has caused disruptions in the agricultural supply chain due to a lack of supplies from other states, issues in the arrangement of the transport vehicles, transportation restrictions, labor shortage, inefficient cold chain facilities, panic buying, fluctuation in prices, and lack of collectors/aggregators in the market. Furthermore, the pandemic has affected the global export and import of agricultural products because of global trade restrictions. All these activities have negatively affected the global agriculture supply chain management. However, the players in the market are taking the required steps to overcome the loss incurred because of the pandemic.

Companies in the agriculture supply chain management market are employing new technologies to improve efficiency and minimize transportation costs. The use of blockchain is one of these technologies. Blockchain is a distributed ledger technology that can record transactions between parties safely and permanently. Blockchain eliminates the need for intermediaries who were previously required to function as trusted third parties to verify, record, and coordinate transactions by ‘sharing’ databases amongst multiple parties. Furthermore, the use of blockchain in the agricultural supply chain promises to give a reliable source of truth about the status of farms, inventories, and agricultural contracts, which is quite expensive. 

Key Benefits of the Report:

  • This study presents the analytical depiction of the agriculture supply chain management industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of agriculture supply chain management market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the agriculture supply chain management market.
  • The report provides a detailed agriculture supply chain management market analysis based on competitive intensity and the competition that will take shape in coming years.

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