Abstract
This book chapter provides an insight into the synthesis of climate change vulnerabilities across various regions of the globe, recent trends, issues and prospects of climate smart agribusiness, the skill, efficiency and sustainable management practices of small and medium enterprises (SMEs) of the globe in the context of climate change, addressing the needs of emerging markets, industries and regional trades through a transformation with development in the areas of technology, value chains, management of environmental and social risk in the supply chains, compliance of food quality and safety regulations, market linkages of smallholders, corporate social responsibility and institutional development. There is a growing concern on food safety regulation and certification as part of sustainable management practices that firms and industries should cope. Sustainable management practices in business prove to be more profitable as they tend to adapt and grow with the changing markets, providing a competitive advantage over other firms. This chapter also focused on the challenges in sustainable business practices as well as suggested a number of development options, institutional and policy issues.
Highlights
There are growing concerns on the impact of climate change on agribusiness
Information on climate change vulnerabilities can be used for investment decisions and prioritization of actions and adoption of sustainable agribusiness management practices
small and medium enterprises (SMEs) are considered as the engines of growth and drivers of innovation worldwide due to their private ownership, entrepreneurial spirit, their flexibility and adaptability as well as their potential to accommodate to the challenges of changing environments
Summary
There are growing concerns on the impact of climate change on agribusiness. A number of studies assessed such impact at various country levels and food security challenges [1]. Impact of climate on global water storage capabilities and hydrologic functions will have significant implications on agricultural production and food processing sector. This study was carried out with the objectives to examine and assess climate change vulnerabilities across various regions, climate smart agribusiness, development of small and medium enterprises (SMEs), efficiency of SMEs, sustainable management practices, value chain development, and compliance of food safety regulations of World Trade Organization (WTO). The study is completed based on extensive review and analysis of relevant information and literature available across various regions of the globe
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