Economic Sustainability of the Milk and Dairy Supply Chain: Evidence from Serbia

Abstract

The sector of milk and dairy products in Serbia along the entire supply chain has been under significant challenges in recent years, especially in current crises. In this direction, this research looked at the supply chain of milk and dairy products by analyzing the primary production, the situation in the processing industry, and the international market’s competitiveness. Indicators of technical efficiency were used to analyze the situation on agricultural farms, while for the processing industry, the impact of various variables on profitability was evaluated using panel models. Furthermore, an examination of these products’ standings in the global market was conducted by assessing their revealed comparative advantages and integration index. The results of the research determined the level of technical efficiency of the producer, while the statistically significant influence of certain variables on profitability was determined within the processing industry. Additionally, the analysis showed modestly revealed comparative advantages in the international market but good integration with the international market. Finally, the sustainability of the milk and dairy products supply chain is highly questionable in crises, which will be a challenge for producers and policymakers.

The Effect of Supply Chain Sustainability Practices on Romanian SME Performance

“…Ref. [15] showed that the steady intensification of the aspect of economic sustainability leads both to an increase in the level of technical efficiency of undertakings producing milk as well as the general improvement of the life of the whole community. Ref.…”

“…Thirdly, the study contributes to theoretical and empirical research on sustainable management of supply chains in secondary emerging countries, such as Romania. In recent years, the attention of managers and researchers has generally focused on the economic sustainability of the supply chain and its effect on financial performance [11][12][13][14][15]. This research focuses equally on the three elements of supply chain sustainability and practices that should be improved to cope with future disruptions, as well as to strengthen the performance of enterprises from this system.…”

Temporal and Spatial Evolution Characteristics and Influencing Factors Analysis of Green Production in China’s Dairy Industry: Based on the Perspective of Green Total Factor Productivity

“…On the other hand, China has a vast territory, and there are differences in economic and technological development levels, resource endowment and culture among different provinces, leading to obvious provincial disparities in the green development of the dairy industry [5]. In this context, how to accelerate the green and coordinated development of the dairy industry has become an important topic of concern for academic circles and decision-making departments [6]. Therefore, this paper calculates the green development characteristics and influencing factors of China's dairy industry in various provinces through green total factor productivity, which has important practical significance for the realization of high-quality sustainable development in China's dairy industry.…”