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Evolving Supply Chains in the Nutraceuticals and Functional Foods Industry
Author(s) -
Hobbs Jill E.
Publication year - 2002
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.2002.tb00355.x
Subject(s) - credence , supply chain , business , industrial organization , upstream (networking) , downstream (manufacturing) , intellectual property , asset (computer security) , marketing , engineering , computer science , telecommunications , computer security , machine learning , operating system
The rapid growth of the nutraceutical and functional foods industry in recent years has necessitated the development of new supply chain relationships. These supply chains are interesting because of the uncertain regulatory, technological and market environment in which they have evolved. Challenges include concentration in upstream input supply and downstream manufacturing sectors, intellectual property rights protection, asset specific investments in an uncertain market environment, and establishing credible quality signals for credence attributes in an era of regulatory uncertainty and consumer scepticism.