Land value chains
The agrifood business (production, processing, transportation, and commercialization to final consumers) has changed dramatically in the last fifty years. Rather than being carried out via linear supply chains, agrifood business is now conducted in complex networks spanning the globe. It can, in other words, be said that modern agrifood business is conducted under the form of Global Value Chains (GVC). The main characteristic of a GVC is a fragmented production of goods and products across borders. An agrifood GVC can be defined as either buyer-driven or producer-driven. The former is led by supermarkets, whereas the latter, by manufacturers. In between, there are key intermediaries such as large traders. These lead companies wield most of the power within the agrifood GVC.
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