CLIMATE CHANGE AND FOOD SUPPLY CHAIN ECONOMICS: A COMPREHENSIVE ANALYSIS OF IMPACTS, ADAPTATIONS, AND SUSTAINABILITY

Authors

  • Osato Itohan Oriekhoe Independent Researcher, UK
  • Olawale Adisa Jack Welch College of Business, Department of Economics, Sacred Heart University, Fairfield, USA.
  • Bamidele Segun Ilugbusi Department of Business Administration, Afe Babalola University, Ado-Ekiti, Nigeria

DOI:

https://doi.org/10.51594/ijarss.v6i3.885

Abstract

Climate change poses significant challenges to global food supply chains, impacting various facets of production, distribution, and consumption. This review presents a comprehensive analysis of the intricate relationship between climate change and food supply chain economics, focusing on its impacts, adaptations, and sustainability measures. Firstly, climate change disrupts agricultural production through extreme weather events, shifts in precipitation patterns, and changes in temperature, leading to reduced crop yields and quality. These impacts ripple through the entire food supply chain, affecting input costs, market prices, and food security. Consequently, stakeholders across the supply chain face heightened risks and uncertainties, necessitating adaptive strategies to mitigate losses and maintain resilience. Secondly, adaptation measures within food supply chains encompass a range of strategies aimed at minimizing climate-related risks and optimizing resource utilization. These may include adopting climate-resilient crop varieties, implementing precision agriculture techniques, enhancing water management practices, and diversifying sourcing and distribution channels. Moreover, investments in technology, infrastructure, and knowledge transfer play pivotal roles in enhancing adaptive capacities and fostering sustainability in the face of climate variability. Furthermore, ensuring the sustainability of food supply chains amidst climate change requires a multifaceted approach that integrates economic, social, and environmental considerations. Sustainable practices such as organic farming, agroforestry, and regenerative agriculture not only mitigate greenhouse gas emissions but also enhance ecosystem resilience and promote equitable access to resources. Moreover, fostering collaboration and knowledge exchange among stakeholders, including farmers, policymakers, researchers, and consumers, is essential for promoting innovation and driving transformative change towards more resilient and sustainable food systems. In conclusion, understanding the complex interplay between climate change and food supply chain economics is essential for developing effective strategies to mitigate risks, enhance adaptation, and promote sustainability. By adopting a holistic approach that integrates scientific insights, technological innovations, and stakeholder engagement, the global community can work towards building more resilient and equitable food supply chains in a changing climate.

Keywords: Climate Change, Food, Supply, Chain, Economics, Review.

Published

2024-03-17

Issue

Section

Articles