Page 63 - BFSI CHRONICLE 3092022.indd

BFSI Chronicle, 11 Edition September 2022
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history records of health, feed, etc. The quality of feed  Proper training on disaster management to
should be checked regularly. There must be pollution minimize risks.
control in the feed and water used on cattle farms.
 Education and training to the retailer,
Strategies to Minimise High Risks: collaboration with the production plant.
The dairy supply chain is not free from risks and
uncertainties. However, most of the risks can be  Throughout the supply, chain continuous
mitigated with proper risk redressal mechanisms quality improvement.
and awareness.
Conclusion:
A suitable strategy with a common objective is Since 1988 India has been the chief producer and
essential to tackle all such impediments. The consumer of dairy products worldwide with
following are some of the risk-mitigating measures persistent growth in the accessibility of milk and
to be followed by the stakeholders: milk-related products. Dairy activities form an
essential part of the rural Indian economy, serving
 Subsidised high-yielding cattle supply and feed as an important source of employment and income.
management. India also has the largest dense population when
compared with other countries in the world. But,
 Providing education and training at the the production of milk per animal is comparably
cooperative societies level. very less when compared with other major dairy-
related producers. Also, in India, approximately all
 Facilitate remunerative procurement price of of the dairy produce is consumed domestically and
milk. the majority of it is sold as fluid milk. Considering
this scenario, the Indian dairy industry holds great
 Proper education to the milk producers to yield potential for value-addition and overall development.
quality milk with optimum feeding.
References:
 To motivate producers to join societies. a) Government of India sponsored Dairy Schemes.

 Proper warehousing, training, and education b) Government of India Statistics on Dairy Products.
to staff.

 Coordination among stakeholders.

The Institute Of Cost Accountants Of India

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