Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems from edX

Agribusiness is at the core of most economies around the world. The business of feeding peopleremains both complex and extremely important. According to the World Bank, food and agribusiness is a US $5 trillion industry that represents 10 percent of global consumer spending.

In a global food system impacted by growing populations, economic growth, globalization, climate challenges, disruptive technologies, and evolving consumer demands, we must find smarter ways to produce food and to operate food businesses.

Guided bythe team at The Centre for Global Food and Resources, this course will introduce the concepts at the heart of agribusiness; including value chain thinking, the dynamics of markets, and the changing nature of consumer behavior.

You will learn what it is that sets agribusiness apart from other business sectors and the difference between supply chain and value chain thinking. You will gain an understanding of food markets and the distinctive factors that influence them. There will be a focus on the role that consumers play in the value chain - why they make the food choices they do and what changing food demand means for agribusiness. This course will showcase Australian agribusinesses, providing genuine insights into the concepts discussed.

In an increasingly complex sector, this course will help you think differently about the challenges and the opportunities that lie ahead for agribusiness.

What's inside

Learning objectives

How to recognize the characteristics of global food systems
The multiple variables impacting global food systems
How to identify value chain thinking and how it differs from supply chain thinking

The characteristics of agri-food markets, what influences their supply and demand, and what sets them apart from other markets
The roleplayed by external factors such as population and income growth, globalization, climate change, technology, and international tradein global food systems, agribusiness and value chains
How to recognize the role the consumer plays in the food system, markets, and value chains

How to recognize the characteristics of global food systems
The multiple variables impacting global food systems
How to identify value chain thinking and how it differs from supply chain thinking
The characteristics of agri-food markets, what influences their supply and demand, and what sets them apart from other markets
The roleplayed by external factors such as population and income growth, globalization, climate change, technology, and international tradein global food systems, agribusiness and value chains
How to recognize the role the consumer plays in the food system, markets, and value chains

Syllabus

Course end: December 31, 2018 at00:00 UTC.

Section 1:Global food systems and value chainsIn this section, you'll learn how to recognise the characteristics of global food systems;identify the variables impacting global food systems;identify value chain thinking and how it differs from supply chain thinking;identify the role that external factors (for example, population and income growth, globalisation, climate change, technology and international trade) play on global food systems, agribusiness and value chains; andidentify the actors in, and characteristics of, value chains, demonstrated with the building of a value chain model.

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Read about what's good

what should give you pause

and possible dealbreakers

Explores value chain thinking, a standard concept in the food and agriculture industries

Teaches how to identify the multiple variables impacting Global Food Systems

Develops the ability to recognize the role the consumer plays in the food system, markets, and value chains

Taught by a team of recognized experts from The Centre for Global Food and Resources

Examines the characteristics of agri-food markets, factors influencing supply and demand, and their distinctions from other markets

Helps students develop skills in recognizing the role of external factors, such as population growth and climate change, in global food systems and agribusiness

Reviews summary

Foundation in global food systems agribusiness

According to students, this course offers a largely positive introduction to the complex world of agribusiness. Learners particularly highlight the clear differentiation between value chains and supply chains and appreciate the detailed focus on consumer behavior within food systems. The course is seen as providing a solid foundational understanding of global food systems, market dynamics, and the impact of external factors like climate change and technology. While it effectively covers core concepts and includes relevant examples, particularly from Australian agribusinesses, some reviews suggest it serves best as an overview and may not provide sufficient depth for those with extensive prior knowledge or seeking advanced insights.

Includes specific Australian examples.

"The showcase of Australian agribusinesses provided real-world examples, which were helpful."

"While the Australian focus is specific, the underlying principles illustrated are globally applicable."

"I appreciated seeing how the concepts were applied in practice through the Australian case studies."

"The examples were relevant to the course material, even if not directly from my region."

Best for beginners, potentially basic.

"For someone new to the field, this is great. For those with some background, it might feel a bit introductory."

"While comprehensive in scope, the depth on certain topics felt limited, perhaps more of an overview than deep dive."

"I found the basic supply and demand concepts quite simple, but other sections offered new perspectives."

"It's a good starting point, but don't expect highly advanced or detailed analyses."

Covers external impacts effectively.

"The discussion on external factors like climate change, technology, and globalization was very timely and relevant."

"I found the analysis of how global trends impact agribusiness and value chains particularly insightful."

"Understanding the multiple variables affecting food systems added important context."

"The course successfully linked macroeconomic factors to the micro-level business environment."

Provides a good introductory overview.

"This course provided a solid foundation for understanding the intricacies of global food systems."

"It's an excellent introductory course for anyone new to the concepts of agribusiness and food value chains."

"The content gives a broad overview of the key elements impacting the sector."

"I gained a fundamental understanding of agribusiness market dynamics and global factors."

Highlights the crucial role of consumers.

"The section on the role of the consumer was very relevant and provided great insights into changing food demands."

"I appreciated the emphasis placed on understanding consumer behavior and its influence on the food system."

"Learning about consumer characteristics and market research techniques was highly valuable."

"The module on consumers added a critical perspective often overlooked in agribusiness discussions."

Explains value vs. supply chains well.

"It really helped me grasp the key concepts, especially the difference between value chains and supply chains."

"I found the explanation of value chain thinking versus supply chain thinking particularly clear and insightful."

"The course effectively clarified the distinct characteristics and importance of value chains in agribusiness."

"Understanding the distinction between supply and value chains was a major takeaway for me."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems with these activities:

Review Economics

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Refine your understanding of basic economic concepts to provide a stronger foundation for more advanced topics

Browse courses on Economics

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Reread introductory economic textbooks or online resources
Take practice quizzes or tests to assess your current knowledge level
Review lecture notes or videos from previous economics courses, if available

The Global Food Economy

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Expand your understanding of the global food system and its impact on agribusiness

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Read the chapters relevant to the course topics
Take notes and highlight key concepts
Use the book as a reference to support your assignments and discussions

Study Group

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Engage with your peers, share perspectives, and improve your understanding through collaborative learning

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Form a study group with 2-4 other students
Meet regularly to discuss course materials, solve problems, and prepare for assessments
Provide support and feedback to each other

Four other activities

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Industry Analysis Report

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Develop your analytical skills and gain a deeper understanding of the agribusiness industry

Browse courses on Value Chain Analysis

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Select an agribusiness industry or sector to focus on
Gather data from credible sources, such as industry reports, market research, and company filings
Analyze the data to identify trends, opportunities, and challenges
Write a report summarizing your findings and insights

Quantitative Analysis Exercises

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Enhance your quantitative analytical skills, which are essential for decision-making in agribusiness

Browse courses on Financial Analysis

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Solve problems involving financial ratios and metrics
Analyze market data using statistical techniques
Interpret and apply econometric models

Agribusiness Conference

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Engage with industry professionals, gain insights into current trends, and expand your network

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Attend keynote speeches and presentations by industry experts
Participate in panel discussions and Q&A sessions
Network with other attendees, including students, professionals, and potential employers

Case Study Analysis

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Develop your problem-solving skills and apply course concepts to real-world scenarios

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Read and analyze provided case studies
Identify key issues and challenges
Develop and evaluate potential solutions

Career center

Learners who complete Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems will develop knowledge and skills that may be useful to these careers:

Food Scientist

Food Scientists research and develop food products, ensuring they are safe, nutritious, and tasty. They utilize their knowledge of food chemistry, microbiology, and engineering to create new products and improve existing ones. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be particularly helpful for aspiring Food Scientists, as it provides a comprehensive overview of the food industry, from production to consumption. The course covers topics such as value chain thinking, market dynamics, and consumer behavior, all of which are essential for success in this field.

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Food Marketing Manager

Food Marketing Managers develop and execute marketing campaigns for food products and services. They work closely with other departments, such as sales, product development, and public relations, to ensure that marketing campaigns are aligned with the company's overall business goals. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be beneficial for Food Marketing Managers, as it provides insights into consumer behavior, market dynamics, and the role of value chains in the food industry. The course will help them develop effective marketing strategies that resonate with consumers and drive sales.

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Agricultural Economist

Agricultural Economists apply economic principles to the food and agricultural sector. They analyze data to identify trends and develop policies that support sustainable agricultural practices and improve the efficiency of food systems. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be highly beneficial for Agricultural Economists, as it provides a solid understanding of the global food system, value chains, and the factors that influence consumer behavior. The course will equip them with the knowledge and skills needed to conduct research, analyze data, and develop effective policies.

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Food Policy Analyst

Food Policy Analysts develop and evaluate policies that address issues related to food production, distribution, and consumption. They work with government agencies, non-profit organizations, and businesses to ensure that food policies are based on sound evidence and analysis. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be highly relevant for Food Policy Analysts, as it provides a comprehensive overview of the global food system, value chains, and the role of consumers. The course will help them develop the knowledge and skills needed to analyze food policies, identify areas for improvement, and develop evidence-based recommendations.

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Sustainability Manager

Sustainability Managers develop and implement strategies to minimize the environmental impact of businesses and organizations. They work with all levels of an organization to identify opportunities for reducing waste, conserving energy, and using sustainable materials. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be beneficial for Sustainability Managers, as it provides insights into the sustainability challenges facing the food industry. The course will help them develop the knowledge and skills needed to assess the environmental impact of food production and distribution, and to identify and implement sustainable solutions.

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Supply Chain Manager

Supply Chain Managers oversee the flow of goods and services from suppliers to customers. They work with suppliers, manufacturers, distributors, and retailers to ensure that products are delivered to the right place, at the right time, and at the right cost. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be beneficial for Supply Chain Managers, as it provides a comprehensive overview of value chains and the factors that influence their efficiency. The course will help them develop the knowledge and skills needed to design and manage effective supply chains in the food industry.

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Market Research Analyst

Market Research Analysts collect and analyze data to understand consumer behavior and market trends. They use this information to help businesses develop new products and services, and to make informed marketing decisions. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be helpful for Market Research Analysts, as it provides insights into consumer behavior and the factors that influence food choices. The course will help them develop the skills needed to conduct market research, analyze data, and identify trends.

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Business Development Manager

Business Development Managers identify and develop new business opportunities for companies. They work with potential customers to understand their needs and develop tailored solutions. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be beneficial for Business Development Managers, as it provides insights into the food industry and the factors that influence consumer behavior. The course will help them develop the knowledge and skills needed to identify and develop new business opportunities in the food sector.

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Consultant

Consultants provide expert advice to businesses and organizations on a wide range of topics, including strategy, operations, and marketing. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be beneficial for Consultants who specialize in the food industry, as it provides a comprehensive overview of the sector. The course will help them develop the knowledge and skills needed to provide sound advice to clients on food-related issues.

See salaries and explore the career path for Consultant

Investment Analyst

Investment Analysts research and analyze companies to identify potential investment opportunities. They develop investment recommendations for clients, based on their analysis of a company's financial performance, industry trends, and competitive landscape. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be helpful for Investment Analysts who specialize in the food industry, as it provides insights into the sector and the factors that influence its performance. The course will help them develop the knowledge and skills needed to make informed investment decisions.

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Project Manager

Project Managers plan, organize, and execute projects to achieve specific goals. They work with stakeholders to define project scope, develop timelines, and allocate resources. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be beneficial for Project Managers who work in the food industry, as it provides insights into the sector and the factors that influence its success. The course will help them develop the knowledge and skills needed to manage projects effectively in the food sector.

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Entrepreneur

Entrepreneurs start and operate their own businesses. They identify opportunities, develop business plans, and manage day-to-day operations. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems would be beneficial for Entrepreneurs who want to start or grow a business in the food industry. The course will help them develop the knowledge and skills needed to identify opportunities, develop business plans, and manage a successful food business.

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Food Safety Manager

Food Safety Managers develop and implement food safety programs to ensure that food is safe for consumption. They work with all levels of an organization to identify and mitigate food safety risks. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems may be helpful for Food Safety Managers, as it provides insights into the food industry and the factors that influence food safety. The course may help them develop the knowledge and skills needed to manage food safety programs effectively.

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Quality Control Inspector

Quality Control Inspectors ensure that products meet quality standards. They inspect products, review documentation, and conduct tests to ensure that products are safe and meet customer requirements. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems may be helpful for Quality Control Inspectors, as it provides insights into the food industry and the factors that influence product quality. The course may help them develop the knowledge and skills needed to conduct quality control inspections effectively.

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Warehouse Manager

Warehouse Managers oversee the storage and distribution of goods. They work with suppliers, customers, and transportation companies to ensure that goods are received, stored, and shipped efficiently. This course on Understanding Agribusiness, Value Chains, and Consumers in Global Food Systems may be helpful for Warehouse Managers, as it provides insights into the food industry and the factors that influence supply chain management. The course may help them develop the knowledge and skills needed to manage warehouses effectively.

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