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Feasibility of Agricultural Supply Chain Management Strategies in Industry 4.0
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Author(s): Shakti Ranjan Panigrahy (Anand Agricultural University, India)and Shubhaom Panda (Sri Sri University, India)
Copyright: 2025
Pages: 30
Source title:
Sustaining the Global Agriculture Supply Chain
Source Author(s)/Editor(s): Sneha Kumari (Symbiosis School of Economics, Symbiosis International University, Pune, India), V. G. Venkatesh (E.M. Normandie Business School, Le Havre, France), K. K. Tripathy (Ministry of Health and Family Welfare, Government of India, India), Hemachandra Padhan (Indian Institute of Management, Sambalpur, India)and M.P. Sukumaran Nair (Center for Green Technology and Management, India)
DOI: 10.4018/979-8-3693-4330-2.ch005
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Abstract
Supply chain management (SCM) is a crucial aspect of the global economy. It also plays a significant role in the agriculture sector. Key factors for success include liberalization of a 1.4 billion consumer market. India's industrial growth is largely driven by the manufacturing sector. However, the growth rate of the manufacturing sector could not be adequate for the requirement of an employable population. The service sector, which accounts for over half of India's GDP, has seen a high growth rate after liberalisation. Agribusiness supply chain management (SCM) involves managing relationships between businesses responsible for efficient production and supply of products to meet consumers' requirements. Government agencies are implementing legal reforms to encourage private investment in agricultural marketing infrastructure and promote coordinated supply chains and traceability. Industry 4.0, powered by big data, cloud computing, blockchain, IoT, AI, and machine learning, requires companies to rethink supply chain design, leading to faster, more efficient supply chains
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