Factors Affecting Cashew Transportation Methods in Reducing Costs and Product Losses
Abstract
This study examines the factors affecting cashew transportation methods to reduce costs and product losses in Vietnam's cashew industry. Using panel data from 2005-2020 and gravity model regression analysis, the research investigates the impact of production scale, consumption demand, geographical distance, transportation infrastructure, costs, time, and storage conditions on cashew transportation efficiency. The results show that transportation costs, time, and distance have strong negative effects, while storage conditions, infrastructure, and production scale positively influence transportation efficiency. Consumption demand from the EU market also plays a significant role in improving transportation methods. The study suggests that businesses should optimize costs, reduce delivery time, invest in modern storage and packaging systems, and leverage production scale and infrastructure to enhance competitiveness. Government support through infrastructure development, favorable policies, and market information access is crucial for the sustainable growth of Vietnam's cashew industry. The findings contribute to understanding factors affecting cashew transportation and provide practical recommendations for industry stakeholders.
How to Cite This Article
Nguyen Lan Anh, Le Tran Minh Chau (2024).
Factors Affecting Cashew Transportation Methods in Reducing Costs and Product Losses
. International Journal of Management and Organizational Research (IJMOR), 3(5), 75-80. DOI: https://doi.org/10.54660/IJMOR.2024.3.5.75-80