The difference between a value chain and a supply chain is that the first includes more of a feedback loop from the end consumer, according to Elsy Ocejo, vice president of supply chain at Illes Foods.
India has recently ramped up restrictions on rice exports as the nation tackles rising food costs before an election in 2024, prompting speculation about which commodity might be next.
Modi added that India could build an efficient and reliable supply chain in comparison to pre-COVID-19 supplies that “broke down” when the world needed them most.