Supply Chain Management for Agribusiness Industry
In recent years, the growth of the agribusiness industry has dipped owing to the falling agricultural price index. The declining agricultural prices have a carry-through effect as they flow through the supply chain, thereby, slowing industry revenue growth. However, the rising consumer preferences for premium-priced organic and natural products have boosted the growth of the agribusiness industry. Moreover, with supply chain analytics, the agribusiness industry is expected to experience steady growth across the globe as improved economic conditions enable downstream buyers to demand more agricultural products and services. To overcome the challenges and gain a stronger foothold in agribusiness industry space, leading companies in this space have started leveraging the use of robust supply chain analysis studies.
A leading agribusiness industry client was facing predicaments in meeting the mounting global demand for agricultural products and services while balancing the need to use such resources for fuel, food, or animal feed, and minimizing environmental degradation. Seeking guidance to align their supply chain management with best practices, the client approached SpendEdge.
To cater to the business requirements and help the agribusiness industry client overcome their predicaments, SpendEdge tailored an in-depth two-step research methodology. This research methodology included primary and secondary research coupled with qualitative and quantitative data collection procedures.
During the course of the supply chain analysis engagement, the agribusiness industry client was able to evaluate the impacts of related operations on the environment and also helped them understand stakeholder views and recommended options for maximizing sustainability. Additionally, the client was provided with executive-level guidance on the commitments and structural changes necessary to further integrate sustainable business practices.
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