The economic butterfly effect of agriculture supply chains: A comparative assessment of the United States of America and Nigeria
1 Supply Chain Management, Harbert College of Business, Auburn University, Alabama. United States.
2 Department of Agricultural Engineering, College of Engineering, Federal University of Agriculture Abeokuta, Ogun State, Nigeria.
Research Article
World Journal of Advanced Research and Reviews, 2024, 23(01), 2621-2637
Publication history:
Received on 09 June 2024; revised on 23 July 2024; accepted on 25 July 2024
Abstract:
This study will seek to explore the disruptions and enhancements that can occur in the agricultural supply chains of the United States of America and Nigeria, which can cause the butterfly effect and subsequently affect economic results in both countries. Using case studies, economic modeling, and a qualitative analysis of government documents and academic sources, this comparative study explores the link between agriculture and other industries in the US and Nigeria. According to the paper, there is need for proactive administrative interferences and advocacy for technological advancement in efforts to enhance supply chain robustness against future shocks such as climate change, trade policies or pandemics. Responding to the negative economic externalities and maximizing the potential benefits entails comprehending how minor events in agriculture can cause ripple effects throughout the economy.
Keywords:
Farmers; Chains of supply; Robustness; Workforce; COVID-19; Interruptions; Crops; Measures; Exchanges; Duties; Advancements; Climate change; Atmosphere; Adjustments; Capital; Vulnerability; Relations; Environmental responsibility; Chaos theory
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0