SeafoodSource

Red Lobster shrimp offerings
Thai Union claims that Red Lobster abruptly changed its demand forecast for shrimp in late 2023, causing a buildup in inventory and related accrued costs that it now wants back | Photo courtesy of Red Lobster
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Thai Union claims Red Lobster owes it nearly USD 4 million due to demand forecast discrepancies

“For Thai Union – and frankly any supplier in the seafood industry – an inventory buildup of millions of pounds of product is particularly damaging given the limited shelf life of the product."
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Acme’s Adam Caslow: Banner acquisition shows “we believe in the sector”

“We expect the market to improve. We all know seafood plays an important part in the protein equation."
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