Identifying and evaluating risks in the agricultural supply chain" (KEY IJP************990)

• Md Shanawaz Ahmad

Abstract

ABSTRACTThe agricultural supply chain is vital for ensuring the production, distribution, and availability of food globally. However, it is susceptible to various risks that can disrupt operations and impact food security, economic stability, and environmental sustainability. This paper focuses on identifying and evaluating risks in the agricultural supply chain to enhance risk management practices in the sector.Through a systematic approach, primary and secondary risks are identified, encompassing weather-related events, pests and diseases, market volatility, transportation disruptions, regulatory changes, and socio-economic factors. A comprehensive risk assessment methodology is employed to evaluate the likelihood and impact of each risk, prioritizing them based on their potential consequences.To mitigate these risks, proactive strategies are recommended, including diversifying sourcing locations, investing in technology for early warning systems, implementing climate-resilient agricultural practices, creating contingency plans, and fostering partnerships with stakeholders. Monitoring mechanisms are established to track risks and the effectiveness of mitigation strategies, with a focus on continuous improvement and adaptation to changing conditions.INTRODUCTIONThe production, processing, distribution, and consumption of agricultural products are all part of the intricate and interwoven network known as the agricultural supply chain. It is essential to maintaining global environmental sustainability, economic growth, and food security. Nonetheless, a number of hazards could interfere with the agricultural supply chain's ability to function normally and affect the availability of reasonably priced, wholesome food to customers. Natural disasters like floods, droughts, and hurricanes can harm crops and infrastructure. Pests and diseases can lower agricultural product yields and quality. Market volatility can impact agricultural product prices and demand. Finally, regulatory changes may impose new requirements. These are just a few of the many potential sources of risk in the agricultural supply chain.