Evaluation of strategies to manage risks in smart, sustainable Agri logistics sector: a Bayesian-based group decision-making approach

Gupta, Himanshu, Kharub, Manjeet, Shreshth, Kumar, Kumar, Ashwani, Huisingh, Donald and Kumar, Anil (2023) Evaluation of strategies to manage risks in smart, sustainable Agri logistics sector: a Bayesian-based group decision-making approach. Business Strategy and the Environment, 32 (7). pp. 4335-4359. ISSN 0964-4733

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Official URL: https://doi.org/10.1002/bse.3368

Abstract / Description

The agriculture industry is one of India's largest and most important economic contributors. This is vital to the Indian economy since it contributes around 18% to the GDP and employs over 60% of the labour force. Due to the nature of the goods, however, this sector confronts many challenges. An effective agri-logistics network can be a viable solution, but the sector must be prepared to overcome various risks. Therefore, this study aimed to identify potential risks to the smart, sustainable agri-logistics industry and strategies for mitigating those risks. Bayesian Best Worst Method (BBWM) was used to prioritise the identified risks and the mitigating strategies. Study results indicate that by obtaining the highest ratings, technological (0.351), social (0.187), and individual (0.169) are the dominating risks to the Agri-logistics sector. Further, it was discovered that combining multiple strategies is more effective than any one strategy alone in reducing the identified risks.

Item Type: Article
Additional Information: This is the peer reviewed version of the article that has been published in final form at https://doi.org/10.1002/bse.3368. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.
Uncontrolled Keywords: environmental strategies; sustainable agro- logistics; smart logistics; risks; BBWM
Subjects: 600 Technology > 650 Management & auxiliary services
Department: Guildhall School of Business and Law
Depositing User: Anil Kumar
Date Deposited: 04 Jan 2023 09:33
Last Modified: 08 Nov 2023 10:09
URI: https://repository.londonmet.ac.uk/id/eprint/8115

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