Abstract
This paper investigates the contribution of business model innovations in the advancement of novel food supply chains. Through a systematic literature review, the notable business model innovations in the food industry are identified, surveyed, and evaluated. Findings reveal that the innovations in value proposition, value creation processes, and value delivery processes of business models are the successful strategies proposed in food industry. It is further disclosed that rural female entrepreneurs, social movements, and also urban conditions are the most important driving forces causing farmers to reconsider their business models. In addition, the new technologies and environmental factors are the secondary contributors in business model innovation for the food processors. It is concluded that digitalization has disruptively changed the food distributor models. E-commerce models and Internet-of-Things are reported as the essential factors causing retailers to innovate their business models. Furthermore, consumption demand and product quality are two main factors affecting the business models of all the firms operating in the food supply chain regardless of their positions in the chain. The findings of the current study provide an insight into the food industry to design a sustainable business model to bridge the gap between food supply and food demand.
Highlights
It is estimated that the world population would reach to three billion by 2050 [1]
The finding concluded from reviewing the database of the current study reveals that solutions for improving the business model will vary based on the position of a business in the food supply chain (FSC)
By meanscreation of a systematic literature review,with the that suchdelivering as engaging the stakeholders in value processes, compatibility current study unfolded that the strategies such as engaging the stakeholders in value creation the social and environmental constraints, utilizing e-commerce models, and applying IoT, processes, compatibility with the social and environmental constraints, utilizing e-commerce models, and applying IoT, vending machines, and eco-business models for delivering products to customers are considered by the literature to business model innovation (BMI) in the FSC
Summary
It is estimated that the world population would reach to three billion by 2050 [1] Such dramatic rising population results in increasing the food demand exponentially. Drought, rising temperatures, changes in precipitation regimes, increase of CO2 levels are named the most critical issues influencing the yields of agricultural production, and these issues are expected to exacerbate in the 50 years [5]. Such changes subsequently result in socioeconomic factors such as the increase of the prices [6]. To meet this steadily increasing food demand, the current food supply chain system and activities should be reconsidered
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