OPTIMIZING FOOD SUPPLY CHAIN MANAGEMENT THROUGH ADVANCED REGRESSOR-BASED TIME SERIES FORECASTING
Keywords:
Food supply chain management, Demand-supply mismatches, Economic sustainabilityAbstract
Food supply chain management is a critical domain in agriculture and retail industries, aiming to ensure the efficient production, transportation, and delivery of food products to consumers. In India, the food supply chain faces challenges such as excessive wastage, demand-supply mismatches, and delays in logistics. Reports suggest that 40% of food produced in India is wasted annually due to inefficiencies, costing the economy around ₹92,000 crores ($12 billion). With rising demand due to population growth (expected to reach 1.6 billion by 2050), addressing inefficiencies is vital for food security and economic sustainability.
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