Case Study: Sri Lankan Spice Industry Analysis and Recommendations

This presentation provides a comprehensive analysis of the Sri Lankan spice industry, examining its attractiveness to Western nations, particularly focusing on the cinnamon and tea sectors. It delves into the manufacturing processes, the role of farmers, and the complexities of the supply chain, highlighting the dominance of intermediary dealers and cumbersome production flows. The presentation also explores the function of the Sri Lankan Spice Council in regulating and promoting the industry. The aim is to evaluate the industry and recommend digital technology applications to improve operational efficiency and connectivity between buyers and producers, thereby minimizing the role of intermediaries. Recommendations are based on the current trends and the potential of digital technology to revolutionize the spice industry. The analysis includes references to relevant literature and online resources.

THE SRI LANKAN
SPICE INDUSTRY CASE
STUDY

TABLE OF CONTENTS
 INTRODUCTION
 ATTRACTIVENESS FOR WESTERN NATIONS
 CINNAMON AND TEA INDUSTRY
 SPICE INDUSTRY AND ITS MANUFACTURING
 FARMERS IN SRI LANKA
 SUPPLY CHAIN IN SPICE INDUSTRY
 SRI LANKAN SPICE COUNCIL
 AIM
 RESEARCH QUESTIONS
 CLIENT NEED
 RECOMMENDATIONS
 REFERENCES

INTRODUCTION
 The spice industry has always been a very rewarding business where
the revenue is lucrative and high. In this presentation, the spice
segment of Sri Lanka will be analysed and different aspects will be
taken into consideration. The recommendations related to the digital
innovations that can be applied in the industry will also be discussed
and evaluated.

ATTRACTIVENESS FOR WESTERN
NATIONS
 Extremely Profitable
 Ceylon Cinnamon — The Only Original Cinnamon
 Rich Culture
 Major part of the Exports

CINNAMON AND TEA INDUSTRY
 Cinnamon Industry: Cinnamon,
specifically Ceylon Cinnamon, is the
top spice that the country deals in
and it is the most expensively
priced spice.
 Tea Industry: The tea industry is
also wide in Sri Lanka where it is
considered to the fourth largest tea
producer and the second largest
exporter of it.

SPICE INDUSTRY AND ITS
MANUFACTURING
 Range of Spices contributing to Exports
 Contribution in Employment
 Lower Labour Cost

FARMERS IN SRI LANKA
 Higher Living Costs
 Increased Standards
 Innovation Factor

SUPPLY CHAIN IN SPICE INDUSTRY
The supply chain existing between the farmers and
the dealers contributes very minimum value
addition in the trade that takes place.
 Dominance Of The Intermediary Dealers
 Cumbersome Production Flow
 Compromise in Quality

SRI LANKAN SPICE COUNCIL
 Regulatory Board: The spice Council
of Sri Lanka is a regulatory board in the
spice production of the country where
the council focuses on making the
industry more competitive and
profitable.
 Increase the Production: The council
also works towards increasing the
production and supply level of the spices
so that the incoming of the revenue can
enhance

AIM
 The aim is to evaluate the spice industry of Sri Lanka and make
recommendations related to the digital technologies that can be used.

RESEARCH QUESTIONS
 1. Why is spice industry more attractive to western nations
 2. Analysing the cinnamon and tea industry
 3. Analysing the spice industry and its manufacturing
 4. Studying the farmers in the spice industry of Sri Lanka
 5. Determining the supply chain of Spice Industry in Sri Lanka
 6. Spice Council of Sr Lanka

CLIENT NEED
 The presentation identifies that
what are the current trends
related to the spice industry and
how these can be revolutionized
with the digital technology and
collaborative ideas that the
government has developed.