Agricultural Value Creation through Effective Supply Chain Management by Bowon Kim* in Current Investigations in Agriculture and Current Research in Lupine Publishers
Agriculture is the most important industry for humanity. Unfortunately,
however, it is also one of the least effectively managed
industries. It is true that for the last several decades, there have
been enormous scientific advancements that have increased the
agricultural productivity. However, the question is whether the world
has been able to reap the benefits to the fullest extent of such
scientific advancements. The agricultural supply chain is characterized
with an extremely long and fragmented system consisting
of many gatekeepers throughout the value chain. As a result, it is
vulnerable to a serious systemic malfunctioning such as the
bullwhip effect. When a supply chain is inflicted by the bullwhip
effect, it suffers huge inefficiencies, which include increasing costs,
hampering innovation, and weakening problem solving capability. Unless
it overcomes such inefficiencies, the industry as a whole
will lose its competitiveness and perish eventually. As such, in order
for the agricultural industry to sustain and thrive, it is vital
to implement supply chain strategy effectively through coordination
among the entire participants in the agricultural value chain.
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