Trust and Supply Chains

Information Asymmetry in the Agri-Food Sector

Michał Pietrzak, Joanna Domagała, Aleksandra Chlebicka

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English

Routledge
23 December 2024

Production & quality control management; Purchasing & supply management; Primary industries; Manufacturing industries; Agricultural science

Series: Routledge Studies in Trust Research

This research volume aims at outlining the substantial role of information asymmetry in agri-food chains and how building trust and mitigating this problem could enhance the performance of these chains. The supply chain covers a systemic sequence of linked companies with material and information exchange. Sharing information about capabilities, inventories, and needs is vital to streamline channels, reduce uncertainty, and enhance performance, but economic agents may be reluctant due to opportunism. Information asymmetry can cause problems in quality assurance and distort the supply chain's functioning. Building trust is crucial, and solutions include guarantees, standards, licensing, and hybrid governance. Trust and Supply Chains: Information Asymmetry in the Agri-Food Sector is based on real-world examples and case studies from the agri-food industry (cheese, apples, pasta and bakery, beef, organic products, and more), providing practical solutions to building trust and sharing information. It offers academics, practitioners, and advanced students a comprehensive overview of the various aspects of information asymmetry and trust in agri-food supply chains.

Edited by: Michał Pietrzak, Joanna Domagała, Aleksandra Chlebicka
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm,
Weight: 453g
ISBN: 9781032623290
ISBN 10: 1032623292
Series: Routledge Studies in Trust Research
Pages: 260
Publication Date: 23 December 2024
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

PART I: THEORETICAL BACKGROUND OF THE ROLE OF INFORMATION AND TRUST IN CHAINS 1. From Logistics to Supply Chain Management 2. Information, Knowledge, and Organizational Learning in Supply Chains 3. Information Asymmetry as a Challenge in Chain Governance 4. Fundamentals of Trust in Interorganizational Relations 5. Solutions for Overcoming Information Asymmetry and Enhancing Trust in Supply Chains 6. The Use of Information Technology to Mitigate the Problem of Information Asymmetry in Supply Chains PART II: EMPIRICAL ILLUSTRATIONS OF INFORMATION ASYMMETRY AND TRUST IN AGRI-FOOD CHAINS 7. Food Labeling as a Way to Address Trust and Information Asymmetry Issues in Premium Cheese Supply Chains 8. Club Varieties and Geographical Indications as Mechanisms Mitigating Information Asymmetry in The Apples’ Supply Chain 9. Vertical Integration, Trust, and Information Asymmetry in Quality Grain-Bakery Chains 10. Enhancing Consumer Trust in Product Quality by Certification and Shortening the Beef Chain 11. Information Sharing and Trust in Organic Agri-Food Chains 12. Information Asymmetry and Trust in the Green Energy Chain – Evidence from Biogas Sector 13. Blockchain and Non-Fungible Tokens Technology Application – Evidence from the Apiary Chain KEY INSIGHTS AND CONCLUSIONS

Michał Pietrzak is a highly accomplished economist and strategic management researcher and practitioner. He currently holds the position of Full Professor at the Institute of Economics and Finance, Warsaw University of Life Sciences. Additionally, he serves as Vice Chairman of the committee responsible for the university's strategy. Professor Pietrzak's research interests are centered around economics, with a particular focus on new institutional economics and hybrid organizations such as cooperatives, chains, and networks. Joanna Domagała (PhD) is Associate Professor in the Department of Logistics at the Institute of Economics and Finance at Warsaw University of Life Sciences (WULS), Poland. Her primary research interests include enterprise efficiency, internationalization, and globalization of the food industry sectors, logistics systems in agribusiness, management and planning of logistics in enterprises, and supply chain management. Aleksandra Chlebicka holds a PhD in Economics. Currently, she is employed in the Institute of Economics and Finance of Warsaw University of Life Sciences (WULS), Poland. Her main research interests lie in the areas of business cooperation and interorganizational linkages, with a specific focus on the role of trust and social capital.