What Is Commodity Chain - Web commodity chain refers to the linked set of processes involved in the design, production, distribution, and consumption of goods and services in the world economy. Web a commodity chain refers to “a network of labor and production processes whose end result is a finished commodity.” the attention given to this concept has quickly translated into an expanding body of global chains literature. The notion of commodity chains, which are also called value chains, supply chains, or production networks, originated in world systems theory. Web a commodity is a basic good traded in large volumes and interchangeable with other goods of the same type. Many commodity chains are, and have long been, geographically extensive, spanning multiple countries and regions of the world. Commodities are either for immediate delivery in spot trading or for conveyance later.
Many commodity chains are, and have long been, geographically extensive, spanning multiple countries and regions of the world. The notion of commodity chains, which are also called value chains, supply chains, or production networks, originated in world systems theory. Web commodity chain refers to the linked set of processes involved in the design, production, distribution, and consumption of goods and services in the world economy. Commodities are either for immediate delivery in spot trading or for conveyance later. Web a commodity chain refers to “a network of labor and production processes whose end result is a finished commodity.” the attention given to this concept has quickly translated into an expanding body of global chains literature. Web a commodity is a basic good traded in large volumes and interchangeable with other goods of the same type.