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Market Consolidation of Larger Companies Acquiring or Merging with Smaller Firms Fueling Growth in Food Supply Chain Operations

PR Newswire - Thu Jun 8, 2023

FinancialNewsMedia.com News Commentary 

PALM BEACH, Fla., June 8, 2023 /PRNewswire/ -- The flow of products and information between the supply chain's member businesses is known as the supply chain. In the food supply chain, food moves from producer to consumer via the processes of production, processing, distribution, retailing and consumption; thus, food moves from farmer to consumer in a domino–like fashion. As a result, agriculture supply chain management requires managing interactions between firms responsible for the efficient production and distribution of products from farmers to customers to meet the quantity, quality, and price expectations of consumers constantly. This usually requires managing horizontal and vertical alliances, as well as B2B procedures and interactions. Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist.  A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%. The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly. A considerable increase in demand for agricultural products, the implementation of advanced farming techniques, the rapid acceptance of blockchain technology, government efforts, and others are all driving the market's growth in different ways."   Active companies in the markets this week include Muscle Maker, Inc. (NASDAQ: GRIL), ADM (NYSE: ADM), Bunge (NYSE:BG), Conagra Brands, Inc. (NYSE: CAG), The J.M. Smucker Co. (NYSE: SJM).

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