Commodity chain and supply chain may sound like similar terms, but they each refer to very different concepts. The commodity chain is a global network of relationships that connects those involved in the production, distribution and sale of a commodity. It includes producers, retailers, wholesalers, distributors, marketers and consumers who are all part of its life cycle. In contrast, a supply chain refers to a company’s internal processes for acquiring raw materials, manufacturing products, and delivering them to customers. This process involves a variety of players, including suppliers, logistics providers, manufacturers and retail stores. Both chains are essential parts of any business, so understanding their differences will provide valuable insight into the success of your venture.