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Mokslo publikacijos
2021-10-25

Identification of Lithuanian International Trade Risk in Beverages. Economics and Culture

Abstract


The article aims to identify the risk groups arising in foreign trade in the four main groups of processed beverages at a national level. 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 eachprocessed beverage sectors supply chains.  Based  on  the  scientific  literature  analysis,  the  eight  risk  groups  were  identified  and  were  evaluated according to their importance for the beverages supply chain.   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. 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).

 

Keywords: International trade; Beverages trade; Foreign trade risk; Risk identification; TOPSIS.

 

Baranauskaite, L., & Jurevicienė, D. 2021. Identification of Lithuanian International Trade Risk in Beverages. Economics and Culture, 18(1), 100–112; doi.org/10.2478/jec-2021-0008; [Research Papers in Economics (RePEc); ProQuest Central; DOAJ; EconLit].

 




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