Supply Chain Risk Management â€“ Agri-Food Implications
Issues related to â€œgoodâ€ 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 â€œanother commodityâ€ regulated by market supply and demand, and farmers and agribusiness agents â€œwillingness to payâ€ for an insurance contract modelled. At the same time, risk management analysis largely ignore significant â€œhuman natureâ€ (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.
Volume (Year): 1 (2017)
Issue (Month): 1 (01)
|Contact details of provider:|| Postal: Flat 290 B N Block Model Town, Lahore, Punjab, Pakistan|
Web page: http://www.napublisher.org/?ic=journal&journal=8&info=aims
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Sporleder, Thomas L., 1992. "Managerial Economics of Vertically Coordinated Agricultural Firms," Occasional Papers 233087, Regional Research Project NC-194: Organization and Performance of World Food Systems.
- 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.
- Bachev, Hrabrin, 2010. "Framework for Analysis of Agrarian Contracts," MPRA Paper 20264, University Library of Munich, Germany.
- 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.
- Bachev, Hrabrin, 2010. "Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture," MPRA Paper 25979, University Library of Munich, Germany.
- Hrabrin BACHEV, 2013. "Management Strategies for Conservation of Natural Resources in Agriculture," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 0(1), pages 4-45, July. Full references (including those not matched with items on IDEAS)
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)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 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.