Agro-Industrial Sustainability through Business Model: A Systematic Literature Review

Abstract

The agro-industrial sector makes a significant contribution to economic growth. However, availability, quality, processing and marketing of agro-industrial products remain a challenge. Research on agro-industrial business models has been widely conducted, but those discussing through a systematic literature review (SLR) approach are still limited. This paper aims to analyze the current business models in the agro-industrial sector and evaluate their sustainability, specifically business models that are currently popular in the agro-industry sector and demonstrate the highest level of sustainability. This study applies SLR by reviewing 33 Scopus documents obtained through VOSviewer version 1.6.20. Bibliometric analysis was used to make thematic observations. The results demonstrates that there is a robust correlation between documents pertaining to agro-industry and business models indicated by 13 co-citation articles. In addition, co-occurrence analysis shows there has been four major business models in agro-industrial sectors, namely agro-industry as part of sustainable development; agro-industrial linked to the agriculture sector; digital-based business models; and the agro-industrial complex. Finally, this paper provides recommendations for further research into the business model of the agro-industrial complex.