IDEAS home Printed from https://ideas.repec.org/a/nap/nijbmr/2017p10-30.html
   My bibliography  Save this article

Supply Chain Risk Management – Agri-Food Implications

Author

Listed:
  • Hrabrin Bachev

    (Institute of Agricultural Economics, Sofia, Bulgaria)

Abstract

Issues related to “good†governance of multiple risks (natural, technological, market, institutional, political, international) in various supply and distribution chains are among the most topical and posing serious challenges to sustainable development. This paper presents a holistic framework for analyzing the system of risk governance in agri-food supply and distribution chains, and give insights on major challenges and opportunities related to sustainable food security. Most risks management studies and practices in the agri-food chains predominately focus on technical methods and capability to perceive, prevent, mitigate, and recover from diverse risks. In mainstream economic publications risks are usually studied as “another commodity†regulated by market supply and demand, and farmers and agribusiness agents “willingness to pay†for an insurance contract modelled. At the same time, risk management analysis largely ignore significant “human nature†(individual, agency, state) based risks (due to bounded rationality, opportunism, conflicting interests, bad management), and large risks related to food distribution and access, and critical factors for managerial choice (institutional environment, transaction costs), and diversity of alternative (market, private, collective, public, hybrid) modes of risk governance. We incorporate interdisciplinary New Institutional Economics (combining Economics, Organization, Law, Sociology, Behavioural and Political Sciences) and present a comprehensive framework for analyzing risk governance in agri-food supply and distribution chains. First, we specify diverse (natural, technical, behavioural, economic, institutional, policy, international) type of agri-food risks, and (market, private, public, hybrid, international) modes of their management. Second, we define efficiency of risk management and identify (personal, institutional, dimensional, technological, natural, transnational) factors of governance choice. Third, we present stages in analysis of risk governance and for improvement of public (state, international) intervention in risk management. Finally, we identify major opportunities and challenges for risk governance in agri-food supply and distribution chains at the current stage of development.

Suggested Citation

  • Hrabrin Bachev, 2017. "Supply Chain Risk Management – Agri-Food Implications," Noble International Journal of Business and Management Research, Noble Academic Publsiher, vol. 1(1), pages 10-30, January.
    • Handle: RePEc:nap:nijbmr:2017:p:10-30
    as

    Download full text from publisher

    File URL: http://www.napublisher.org/pdf-files/NIJBMR-456-10-30.pdf
    Download Restriction: no
    File URL: http://www.napublisher.org/?ic=journal&journal=8&month=01-2017&issue=1&volume=1
    Download Restriction: no

    References listed on IDEAS

    as
    1. Thomas L. Sporleder, 1992. "Managerial Economics of Vertically Coordinated Agricultural Firms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(5), pages 1226-1231.
    2. Pengzhong Li (ed.), 2011. "Supply Chain Management," Books, IntechOpen, number 957, April.
    3. Hrabrin BACHEV, 2010. "Framework For Analisis Of Agrarian Contracts," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 2(1), pages 39-66, March.
    4. Bharat Ramaswami & Shamika Ravi & S.D. Chopra, 2003. "Risk management in agriculture," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 03-08, Indian Statistical Institute, New Delhi, India.
    5. Gerasymenko, Nataliia & Zhemoyda, Oleksandr V., 2009. "New Challenges For Risk Management In Agri-Food Industry," 113th Seminar, September 3-6, 2009, Chania, Crete, Greece 58019, European Association of Agricultural Economists.
    6. Hrabrin Bachev, 2011. "Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 89-103, June.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nap:nijbmr:2017:p:10-30. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Managing Editor). General contact details of provider: https://www.napublisher.org/?ic=journal&journal=8&info=aims .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.