Samuel M.

Estanoco
BSA 2-4

AGMT 2105 LEC: Reflection Paper

Chapter II. Commodity System and Supply Chain Concepts

Information technology aids in the development and expansion of the commercial and
business sectors, as well as the generation of the highest potential production. With
advancements in information technology, the time it takes for various industries to produce
revenue has been reduced. Electronic security, data storage, and effective communication are all
provided. Initially, the incorporation of technology in procurement was intended to alleviate some
of the more challenging components of the process. Reduce frequent issues, monitor data, and
make it easier for procurement teams to make purchases and track their progress in general.
Information technology aids in the development and expansion of the commercial and business
sectors, as well as the generation of the highest potential production. With advancements in
information technology, the time it takes for various industries to produce revenue has been
reduced. It provides electronic security, storage of data, and effective communication.

While product differentiation, improved quality, more cost-effective transportation, and timely
delivery have all contributed to the development of supply chains from farmgate to retail, it is
consumer demand for variety, quality, and year-round availability that has driven the formation of
these chains. Traditional agricultural and food businesses that focus solely on price are unable to
meet consumers' expectations. Individually, chain participants lack the resources to respond to
customer needs. Understanding supply chain management ideas allows you to manage the
changes needed in the system to efficiently respond to customer requirements by integrating and
coordinating the actions of all supply chain participants. Consolidating organizations at the farm,
processor, and store levels; arranging production to achieve economies of scale; and acquiring
market share and competitive power to survive global competition are just a few of the changes
that have occurred.

Moreover, COVID-19 caused labor mobility limitations, changes in consumer demand,

the closure of food manufacturing facilities, limited food trade laws, and financial constraints in
the food supply chain. As a result, governments should make it easier for labor and agricultural
goods to transfer. The COVID-19 epidemic has put enormous strains on food supply systems,
causing bottlenecks in farm labor, processing, transportation, and logistics, as well as significant
fluctuations in demand. The bulk of these disruptions is the result of rules put in place to prevent
the virus's spread. Food supply systems have demonstrated extraordinary resilience in the face
of these stressors. Grocery store inventories were restocked over time as hoarding behavior
decreased and supply systems responded to growing demand. Long lineups at borders shrunk
fast as a result of efforts aimed at removing superfluous restrictions. While the effects of COVID-
19 are still being felt, experience demonstrates the necessity of an open and predictable
international trade environment in ensuring food gets to where it is needed. The greatest threat
to food security is not a lack of food, but a lack of consumer access to food: safety nets are
required to avert an increase in hunger and food instability.