October 6, 2021 — A partnership between the Republic of the Marshall Islands and The Nature Conservancy will supply canned tuna to Walmart stores for the store’s Great Value brand across the United States.
The new joint venture, dubbed Pacific Island Tuna (PIT), is “designed to transform the global canned tuna supply chain,” according to a Nature Conservancy announcement. The new business model is intended to give Pacific islanders the ability to benefit from their tuna resources by directing 100 percent of long-term net profits back to them while utilizing a sustainable model of fishing and production.
Read the full story at SeafoodSource