Mechanism for sustainable development of economic potential of food industry

Alma Baiguzhinova (), Lutpulla Omarbakiyev, Dinara Yeshpanova, Assylbek Bazarbayev, Gulnar Abdrakhmanova and Alma Karshalova
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Alma Baiguzhinova: Narxoz University, Kazakhstan
Lutpulla Omarbakiyev: Turan University, Kazakhstan
Dinara Yeshpanova: Narxoz University, Kazakhstan
Assylbek Bazarbayev: Narxoz University, Kazakhstan
Gulnar Abdrakhmanova: Satbayev University, Kazakhstan
Alma Karshalova: Narxoz University, Kazakhstan

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 825-840

Abstract: The purpose of this paper is to identify major deterrents hindering sustainable development of the food industry in the Republic of Kazakhstan and to chart steps to overcome the challenges involved. Methodologically, the study relies on retrospective analysis to evaluate development trends in the food industry, as well as an expert survey of Kazakh food industry professionals. The findings indicate that Kazakhstan has considerable potential, yet it is not yet utilised efficiently. With the rising demand for processed food products, small and medium businesses in the food industry often cite raw material shortages as a major obstacle for running production at full capacity. Moreover, experts also refer to other factors hindering the development of the food industry, such as financial deficits, high proportion of outdated and worn equipment, outdated production processes, etc. According to the experts, the priorities in addressing the challenges of sustainable development include refinement of government support measures in the food industry and establishment of modern infrastructure to ensure proper storage and delivery of products to consumers, For example, establishment of agroparks and networks of rural transformation centres, as well as digitalisation of the industrial production of food products.

Keywords: sustainable food system; sustainable development; food production; food industry; manufacturing; economic potential (search for similar items in EconPapers)
JEL-codes: Q10 Q11 Q12 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:825-840

DOI: 10.9770/jesi.2020.8.1(55)

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