Mitigating Risks in Food Security through Transparency and Traceability of Agro-Supply Chain

By : Rachita Gupta, Ravi Shankar

Page No: 170-179

Abstract
The agricultural supply chain has the capability to strengthen the social and economic well-being of a nation, if it can be run effectively and efficiently. This requires accelerating the transformation of the agro supply chain from its traditional approach to an innovative and technologically advanced one. The adoption of blockchain technology enhances the transparency and traceability of the entire agro supply chain through the elimination of trust related issues among the involved actors. By leveraging the benefits of blockchain technology, policymakers can work towards achieving food security by ensuring availability and accessibility of quality food for citizens. To attain this, the concerned authorities should have a thorough understanding of the various risks associated with food security issues in the existing food system. This research involves the identification of food security risks and their classification in three categories based on exploratory factor analysis (EFA). Further, a conceptual framework has been developed to assess the impact of blockchain technology on the resultant risk categories; social, economic, and operational risks.The study provides valuable insights to decision makers as to how they can adopt blockchain technology throughout agro supply chain in order to deal with existing risks.

Authors :
Rachita Gupta
Indian Institute of Management Kashipur, Kashipur, Uttarakhand - 244713, India.

Ravi Shankar
Department of Management Studies, Vishwakarma Building, Indian Institute of Technology Delhi, Hauz Khas, New Delhi – 110016, India.
 

DOI: https://doi.org/10.32381/PROD.2021.62.02.7