A review of inclusive business models and their application in aquaculture development
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For aquaculture to continue along its current growth trajectory and contribute towards achieving the Sustainable Development Goals, value chains must become more inclusive. Smallholders and other local value chain actors are often constrained by circumstances and market failures in the global aquaculture industry. Integrating these actors into aquaculture value chains through inclusive business models (IBMs) is often touted as a solution to sustainable and ethical trade and business that can generate development outcomes. We reviewed 36 papers under seven business models commonly used in agriculture development to assess their application in aquaculture value chains in lower-income countries. A global value chain (GVC) analysis is used to unpack the economic and social upgrading objectives of the different IBMs, as well as the types of relational coordination used between actors in the chain to achieve development outcomes. The extent to which these IBMs helped poor actors overcome certain barriers is evaluated with a focus on how they may ensure or be a risk to inclusiveness through the relations and upgrading opportunities evident in their make-up. The analysis found that the majority of the models focused on economic upgrading over social upgrading. Providing opportunities for the latter is key to achieving the inclusive objectives of IBMs. Greater horizontal coordination between actors can create further opportunities for economic upgrading established under vertical coordination with other nodes upstream and downstream in a value chain. There is a need to further contextualize these models to aquaculture systems and develop clear indicators of inclusiveness.
Citation
Kaminski, A. M. Kruijssen, F. Cole, S. M. Beveridge, M. C. M. Dawson, C. Mohan, C. V. Suri, S. Karim, M. Chen, O. L. Phillips, M. J. Downing, W. Weirowski, F. Genschick, S. Tran, N. Rogers, W. Little, D. C. (2021). A review of inclusive business models and their application in aquaculture development. Reviews in Aquaculture, 12(3): 1881-1902.
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Author(s) ORCID(s)
Alexander Kaminski https://orcid.org/0000-0001-5148-0460
Steven Michael Cole https://orcid.org/0000-0002-8947-0871
Vishnumurthy Mohan Chadag https://orcid.org/0000-0002-2574-284X
Sharon Suri https://orcid.org/0000-0003-3064-7991
Manjurul Karim https://orcid.org/0000-0003-4280-3568
Michael John Phillips https://orcid.org/0000-0002-0282-0286
Nhuong Van Tran https://orcid.org/0000-0002-1813-4571
Steven Michael Cole https://orcid.org/0000-0002-8947-0871
Vishnumurthy Mohan Chadag https://orcid.org/0000-0002-2574-284X
Sharon Suri https://orcid.org/0000-0003-3064-7991
Manjurul Karim https://orcid.org/0000-0003-4280-3568
Michael John Phillips https://orcid.org/0000-0002-0282-0286
Nhuong Van Tran https://orcid.org/0000-0002-1813-4571
Date available
2020
Type
ISI indexed
Publisher
John Wiley & Sons Australia