Identification of Lithuanian International Trade Risk in Beverages
| Autor: | Lina Baranauskaite, Daiva Jurevičienė |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
HF5001-6182
International trade 010501 environmental sciences Research purpose 01 natural sciences f1 d81 Lietuva (Lithuania) Risk groups Tarptautinė prekyba / International trade n5 foreign trade risk 0502 economics and business Business National level HB71-74 0105 earth and related environmental sciences Finansai. Kapitalas / Finance. Capital business.industry international trade l66 05 social sciences Risk identification TOPSIS Lithuanian topsis language.human_language risk identification Identification (information) Economics as a science language beverages trade f13 Valdymas / Management General Economics Econometrics and Finance Prekyba. Prekybinė veikla / Trading 050203 business & management |
| Zdroj: | Economics and Culture, Vol 18, Iss 1, Pp 100-112 (2021) Economics and culture 2021, 18 (1), p. 100-112. |
| ISSN: | 2256-0173 2255-7563 |
| DOI: | 10.2478/jec-2021-0008 |
| Popis: | Research purpose. The article aims to identify the risk groups arising in foreign trade in the four main groups of processed beverages at a national level. Design / Methodology / Approach. Processed agricultural drinks do not fall into the category of essential food. The article examines four main drink groups: waters (including mineral waters and aerated waters, with additive), beer, wine, and other alcoholic (e.g., spirits, liqueurs, whiskies, rums, gins, vodkas, etc.) beverages. The case of Lithuania is presented. Analysis and assumption of scientific literature and TOPSIS method are used. The study does not aim to assess all risk factors but to identify the groups of risk factors and to rank them according to their importance for each processed beverage sectors supply chains. Findings. Based on the scientific literature analysis, the eight risk groups were identified and were evaluated according to their importance for the beverages supply chain. Experts ranked risk groups taking into account their importance for international processed beverages trade for each product group. The results show that the most important is the Demand risks group for all processed beverages, and the least important is Political risk. The significance of other risk groups for a particular beverage supply chains differs. Supply risks were second in the ‘water with add’ group, while in the ‘other alcohol’ group, it is in fourth place. For the ‘other alcohol’ group, supply risks are less significant. Production risks are one of the most important in the wine trade. Financial risks are one of the most important in the ‘other alcohol’ group. Management and operational risks play an essential role in the beer supply chains. The least significant is three risk groups: Logistical and infrastructural risks, Policy and regulatory risks, Political risks. Originality / Value / Practical implications. The identified risks groups in the four main groups of processed beverages can help shape the country’s trade policy, mitigate trade risks, and effectively manage the agricultural trade beverage subsector. Research results can be practically used both for government or business decisions and for the public sector (trade associations). |
| Databáze: | OpenAIRE |
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