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Das, Sumanta, Yadav Myla, Abhiram, Barve, Akhilesh, Kumar, Anil, Sahu, Naresh Chandra, Muduli, Kamalakanta and Luthra, Sunil (2023) A systematic assessment of multi‐dimensional risk factors for sustainable development in food grain supply chains: a business strategic prospective analysis. Business Strategy and the Environment. pp. 1-27. ISSN 0964-4733
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Abstract / Description
The food grain supply chain (FGSC) is comprised of several links, stretching from the point of production to the point of consumption. A broken connection might produce a food catastrophe. The structural imbalance of India's FGSC is an obstacle to achieving sustainability; this has to be addressed if the country is to preserve national food security. This present study aims to develop a systematic assessment of the risks and the priority of risk-mitigating solutions in attaining sustainability in the Indian FGSC. Multiple groups of individuals and businesses involved in the FGSC have been surveyed and interviewed, with their responses analyzed. A total of thirty-one risk factors and eleven risk-reduction strategies are identified. Further, the identified risk factors are classified into five-dimensional sustainability criteria (environmental, economic, institutional, technical, and social) by using exploratory factor analysis (EFA). Then, a fuzzy analytical hierarchy process (FAHP), combined with the fuzzy technique for order performance by similarity to ideal solution (FTOPSIS) method, is adopted to find the most critical risk factors and choose the best course of strategies for risk mitigation. The study finds that inability to incorporate advanced technology imposes the highest risk to sustainability followed by natural disasters. Ensuring end-to-end computerization using advanced technology like agri 4.0 is the need of the hour in intercepting the range of FGSC risks. The results may help policymakers create a comprehensive risk mitigation plan and taxonomy to increase supply chain resilience.
| Item Type: | Article |
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| Additional Information: | This is the peer reviewed version of the following article: "A systematic assessment of multi-dimensional risk factors for sustainable development in food grain supply chains: a business strategic prospective analysis", which has been published in final form at https://doi.org/10.1002/bse.3435. 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: | business strategy; sustainable development; risk assessment; risk-reduction strategy; food grain supply chain |
| Subjects: | 600 Technology > 630 Agriculture & related technologies 600 Technology > 650 Management & auxiliary services |
| Department: | Guildhall School of Business and Law |
| Depositing User: | Anil Kumar |
| Date Deposited: | 13 Apr 2023 08:51 |
| Last Modified: | 23 May 2023 09:24 |
| URI: | https://repository.londonmet.ac.uk/id/eprint/8465 |
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