Fair Trade Pros And Cons
“Question 1:
Fair trade is a trade in which fair prices is paid by organizations, firms or manufacturers to producers in developing countries, those producers are usually: farmers, crafters, growers or workers. The aim of a fair trade is to aid producers in developing countries attain better trading conditions and to promote sustainability and dependability between the organization and the supplier. However it can only be applied on products and raw materials which are typically exported from developing countries.
Organizations seek fair trade in order to cut the middlemen or the intermediaries, which will minimize the cost of production. In order to do that the company must go through the chain of supply to reach the main supplier or the
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It’s about making principles of fairness, and decency means something in the market place. It seeks to benefit all parties of the market, supplier, producer and costumers. Plenty of businesses nowadays are applying this strategy because of the advantages that comes with it, more profit and more control. Yet, for some companies it’s not applied the way it should be, where many companies still abuse workers and farmers in developed countries in order to achieve maximum profit, regardless if they are being really fair with the sources of their wealth which are the main …show more content…
The supply chain for mars is pretty complex but usually includes:
• Growers or farmers; generally working on a small surface of land of just three to four hectares. Most of the growers do some principal processing like: harvesting cocoa seeds drying or hulling. However the problem in this stage that Mars should have approach the growers and establish a relationship with them through direct dealing, in other words applying fair trade with farmers in order to achieve maximum quality with lowest price.
• Intermediaries: may be involved in many phases of the supply chain. They may purchase cocoa at any stage between cocoa beans and solid cocoa. They also might do some of the early processing, or they may collect together sufficient quantities of cocoa from many individual farmers to transport or sell to a processor, another intermediary who will process the cocoa beans to cocoa powder, or to a broker. At this point the company should reconsider disintermediation because the prices of chocolate are mostly affected by these intermediaries. So it is highly advised to cut the middlemen in order to minimize
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