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Traditional Soybean Procurement
There are several inefficiencies occurred in the traditional supply chain. First, the only means for price discovery is at the mandi. Although farmers might forecast the price from the previous days, they cannot know the real price in advance before they reach the mandi. In this way, they have to incur considerable amount of logistic costs. Without real-time information about price and demand, farmers cannot make effective decision about when/where/how much to sell or produce. Since the selling price is not discovered before reaching the mandi, the farmers earn low profits or are even in deficit, leaving them in the vicious cycle...
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Common topics in this essay:
- CLIMATE CHANGE AND SUPPLY CHAIN LIABILITY
- Complex Supply Chain Networks And Supply Chain Drivers
- E-Supply Chain Problems and Solutions
- Supply Chain B2B vs B2C
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