agribusiness

animal husbandry

what is agribusiness

• can incorporate mass production, the input sector, the production sector, the processing manufacture sector

• they deal in low margin commodities where competitive market forces result in production costs being close to value creating leading to thin profit margins

what is a supply chain

the physical flow of goods that are required for raw materials to be transformed into finished products

issues in agribusiness supply chains

• food safety

• food security

• fluctuating supply changes

• fluctuating consumer demand changes

what is a value chain

• a group of companies working together

• creating value at each link to achieve sustainable competitive advantages for the businesses in the chain

challenges to create value

• technology

• financial

• organisation

• research

• marketing

• infrastructure

core drivers of doing business

• the theory of the firm

• maximising profitability and minimising costs

• value propositions and customer satisfaction

• resource allocation

• supply chain optimisation

• cost management

• commercial relationships

issues in agribusiness

Animal disease control and on-farm animal welfare

➢ Food security

➢ Biosecurity

➢ Food safety

➢ Healthy diets

➢ Agricultural wages and labour availability

➢ Optimising land use

➢ Basic Payment Scheme & BREXIT

➢ Waste management (throughout the supply chain) & recycling

➢ Farmer work/life balance > technology

➢ Trust

➢ Climate change

➢ Inflation and Energy crisis (Ukraine war)

➢ COVID

public concerns on food

• prices

• waste

• quality

• healthy

• packaging

• welfare

• hygiene

• poisoning

why create value?

• comparitive advanatage

• increase profit and sales

• generate trust

importance of agribusiness

• contribute to the economy- billions

• millions employed