Supply chains are complex systems that move products from producers to consumers. Research has traditionally focused on consumer demand and corporate sourcing, but recent studies have shifted to the hidden intermediaries such as processors and manufacturers. Effective oversight is needed to ensure efficiency, transparency, and fairness.
Market-based initiatives aim to improve supply chain practices through:
Traceability systems: Enabling product tracking from source to consumer for transparency.
Chain-of-custody tools: Ensuring sustainable sourcing and accountability throughout the supply chain.
Sustainable sourcing policies: Promoting ethical and long-term sourcing practices.
Equitable value distribution: Ensuring fair returns for all supply chain participants through fair pricing and value-sharing.
Incentives for responsible practices: Rewarding companies that adopt sustainable sourcing with certifications or premium pricing.