For many seafood producers around the world, especially small-scale fishermen and fish farmers in the developing world, a sustainability certification is out of reach.
Despite actively improving the sustainability of their operations, they struggle to meet the thresholds required for certification or a fishery improvement project, or they have trouble filing the needed documentation. And for buyers seeking to actively demonstrate their… Read More
Greenpeace East Asia is accusing Bumble Bee's parent company, Taiwan-based Fong Chun Formosa (FCF), of forced labor and environmentally harmful practices aboard at least two vessels linked to the company.
FCF is among the top three tuna traders in the world, and acquired Bumble Bee in January after the American seafood company filed for bankruptcy. The two companies have a long history: Prior to the acquisition, FCF had been supplying Bumble Bee… Read More
Illegal, unreported, and unregulated (IUU) fishing has profound effects on the economies and pocketbooks of developing countries, removing billions of dollars worth of fish every year from the legal trading system.
Between 8 and 14 million metric tons of fish are caught illegally every year, according to a new study from the University of British Columbia (UBC). Those fish are worth an estimated USD 9 billion to USD 17 billion (EUR 8 billion to… Read More
Seafood companies across the tuna supply chain are making strides toward meeting the four commitments that are part of the Tuna 2020 Traceability Declaration.
The Global Tuna Alliance – a consortium of companies seeking to improve the tuna supply chain – surveyed the 66 companies that signed the declaration in 2017 to assess their progress, compiling the results in a report to be released soon. About two-thirds of companies… Read More
Dozens of methods of documenting seafood traceability – and hundreds of individual systems – have emerged in recent years as companies across the seafood supply chain and the technology vendors that serve them seek to demonstrate the sustainable, legal origins of their products.
Rarely can those systems seamlessly interact with each other or share data, a gap that poses an ever-larger problem as regulators draft new… Read More
Norway Royal salmon (NRS) has partnered with Microsoft to use artificial intelligence to streamline salmon farming operations.
The two companies, plus the 130-year-old technology company ABB, are developing a technology that uses underwater cameras to collect images of salmon in their pens, then counts them automatically with an artificial intelligence algorithm.
The new technology spares workers from traveling kilometers offshore to… Read More
Bumble Bee has emerged from years of tumult with a splash: A new owner, new product packaging, new product lines, and, perhaps most significantly, an industry-first partnership with a plant-based food producer, Good Catch.
The San Diego, California, U.S.A.-based tuna company’s travails of the past couple years are well-known. The company was fined USD 25 million (EUR 22.3 million) after pleading guilty in a tuna price-fixing scandal in… Read More
Shrimp producers in Southeast Asia – and the investors backing them – face financial risks from mangrove deforestation, according to a recent report from Planet Tracker.
Mangrove forests benefit coastal ecosystems in a multitude of ways, including preventing coastal erosion, protecting inland areas from storm surges, filtering water, and providing nursery habitat for many fish species. Though they only account for 1 percent of carbon… Read More
Aligning countries’ seafood import control schemes would reduce cost burdens for seafood companies while helping prevent illegally caught fish from reaching global markets.
A coalition of NGOs is arguing that major seafood importing countries and Regional Fishery Management Organizations (RFMOs) need to ensure that their import regulations require the collection of 17 key data points that reveal the who, what, when, where, and how of… Read More
It's one of the questions that bedevils companies at every step in the seafood supply chain: How much demand exists for your product, right now, and how much do you need to ship?
Many demand forecasters rely on trusty sales spreadsheets packed with historical data – plus gut instinct informed by years of experience. But a new company seeks to take the guesswork out of demand forecasting by replacing spreadsheets with machine learning… Read More