Strategies to Mitigate Uncertainty Impact on Livestock Industries and Its Supply Chain

Abstract

Livestock animals and birds are specially kept on a farm for economic benefits. Cattle, goat, buffalo, sheep, duck, and poultry are the most common in Bangladesh. Livestock is a significant aspect of a country's prosperity since, in addition to providing draft power and leather, it also provides manure, meat, and milk to the great majority of the population. In the agricultural production domain, livestock resources are crucial. According to statistics, the livestock sector accounts for around 2.9 percent of national GDP and has a 5.5 percent annual growth rate (National Encyclopedia Of Bangaldesh, 2021). Approximately 20% of Bangladesh's population earns a living from livestock and poultry farming (National Encyclopedia Of Bangaldesh, 2021). For a long time, these industries have been subjected to various risks and uncertainties. During this stage, the study addressed important problems, focusing on risks and uncertainties, as well as the supply chain. Emerging illness, a lack of biosecurity, a lack of quality vaccinations and excessive vaccine prices, the influence of climate change, a marketing problem, inflation rate and a lack of an emergency found have all been deemed comprehensive difficulties.