Financial supply chain management on agricultural product trade: Simulation from Thailand to China

Shen, Y.; Panichakarn, B.

Growing Science » Uncertain Supply Chain Management » Financial supply chain management on agricultural product trade: Simulation from Thailand to China

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Uncertain Supply Chain Management

ISSN 2291-6830 (Online) - ISSN 2291-6822 (Print) Quarterly Publication Volume 11 Issue 3 pp. 1167-1174 , 2023

Financial supply chain management on agricultural product trade: Simulation from Thailand to China Pages 1167-1174 Download PDF

Authors: Yongtao Shen, Boonsub Panichakarn

DOI: 10.5267/j.uscm.2023.4.006

Keywords: Financial supply chain, Agricultural product trade, Vensim

Abstract: This study aims to explore the application of financial supply chain management on agricultural product trade, and an example simulation case that Thai durian exports to China. After collection of variables and relationships in previous literature, a model of durian trade supply chain with material flow and cash flow has been created. As a result of the simulation, we found that cash flows of downstream participants are strongly higher than the upstream, which is partly proving that the downstream participants have more opportunities to invest upstream for intervention. Besides, we suggest government agencies, business sector, and financial institutions should strengthen communication and cooperation to maintain stability of current Thai durian trade supply chain, meanwhile, remain on high alertness to postharvest, delivery delays and durian demand to prevent the impact of supply chain disruption on cash flow.

How to cite this paper

 Shen, Y & Panichakarn, B. (2023). Financial supply chain management on agricultural product trade: Simulation from Thailand to China.Uncertain Supply Chain Management, 11(3), 1167-1174.

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