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.
    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.
    7. Richard Shepherd & Gary Barker & Simon French & Andy Hart & John Maule & Angela Cassidy, 2006. "Managing Food Chain Risks: Integrating Technical and Stakeholder Perspectives on Uncertainty," Journal of Agricultural Economics, Wiley Blackwell, vol. 57(2), pages 313-327, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lina Baranauskaitė & Daiva Jurevičienė, 2021. "Import Risks of Agricultural Products in Foreign Trade," Economies, MDPI, vol. 9(3), pages 1-15, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bachev, Hrabrin, 2012. "Governing Agrarian Risks," MPRA Paper 41651, University Library of Munich, Germany.
    2. Bachev, Hrabrin, 2012. "Risk Management in Agri-food Chain," MPRA Paper 39594, University Library of Munich, Germany.
    3. Bachev, Hrabrin, 2012. "Управление На Риска В Аграрния Сектор [Risk management in agrarian sector]," MPRA Paper 98767, University Library of Munich, Germany.
    4. Hrabrin Bachev, 2013. "Risk Management in the Agri-food Sector," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 7(1), March.
    5. repec:bas:econth:y:2013:i:2:p:50-75 is not listed on IDEAS
    6. Bachev, Hrabrin, 2010. "Management of farm contracts and competitiveness," MPRA Paper 99854, University Library of Munich, Germany.
    7. repec:bas:econth:y:2013:i:2:p:76-99 is not listed on IDEAS
    8. Altair Dias de Moura & Sandra Martin & Diane Mollenkopf, 2009. "Product specification and agribusiness chain coordination: introducing the coordination differential concept," Agribusiness, John Wiley & Sons, Ltd., vol. 25(1), pages 112-127.
    9. Unterschultz, James R., 2000. "New Instruments For Co-Ordination And Risk Sharing Within The Canadian Beef Industry," Project Report Series 24046, University of Alberta, Department of Resource Economics and Environmental Sociology.
    10. 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.
    11. Bachev, Hrabrin, 2003. "Организация На Снабдяването С Финанси В Българските Ферми [Governing of finance supply in Bulgarian farms]," MPRA Paper 99340, University Library of Munich, Germany.
    12. Naschold, Felix, 2012. "“The Poor Stay Poor”: Household Asset Poverty Traps in Rural Semi-Arid India," World Development, Elsevier, vol. 40(10), pages 2033-2043.
    13. Anderson, John D. & Lacy, Curt & Forrest, Charlie S. & Little, Randall D., 2003. "Stocker Cattle Ownership Vs. Contract Grazing: A Comparison Of Risk-Adjusted Returns," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35055, Southern Agricultural Economics Association.
    14. Barkema, Alan & Drabenstott, Mark & Cook, M. L., 1993. "The Industrialization of the U.S. Food System," Food and Agricultural Marketing Issues for the 21st Century - FAMC 1993 Conference 265920, Food and Agricultural Marketing Consortium (FAMC).
    15. Granoszewski, Karol & Spiller, Achim, 2013. "Langfristige Rohstoffsicherung in der Supply Chain Biogas: Status Quo und Potenziale vertraglicher Zusammenarbeit," DARE Discussion Papers 1303, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
    16. Jeffrey S. Royer, 1995. "Potential for cooperative involvement in vertical coordination and value-added activities," Agribusiness, John Wiley & Sons, Ltd., vol. 11(5), pages 473-481.
    17. Lajili, Kaouthar & Barry, Peter J. & Sonka, Steven T. & Mahoney, Joseph T., 1997. "Farmers' Preferences For Crop Contracts," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(2), pages 1-17, December.
    18. Shifeng Fang & Lida Xu & Yunqiang Zhu & Yongqiang Liu & Zhihui Liu & Huan Pei & Jianwu Yan & Huifang Zhang, 2015. "An integrated information system for snowmelt flood early-warning based on internet of things," Information Systems Frontiers, Springer, vol. 17(2), pages 321-335, April.
    19. Johnson, R.W.M. & Petrey, L.A. & Schroder, William R., 1996. "Agribusiness: Political Economy and Market Structure - Toward a Structure for Agribusiness," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(02), pages 1-6, August.
    20. Bachev, Hrabrin, 2019. "Multilevel assessment of agrarian sustainability in Bulgaria," MPRA Paper 92752, University Library of Munich, Germany.
    21. Ng, Desmond W. & Salin, Victoria, 2012. "An Institutional Approach to the Examination of Food Safety," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 15(2), pages 1-26, May.
    22. Kurup, Suresh A. & Reddy, A. Amarender & Singh, Dharm Raj & Praveen, K.V, 2021. "Risks in Rainfed Agriculture and Adaptation Strategies in India: Profile and Socio-Economic Correlates," 2021 Conference, August 17-31, 2021, Virtual 315127, International Association of Agricultural Economists.

    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: . 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 bibliographic 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.

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

    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.