March 1, 2021 — The leaders of Gathered Foods, BlueNalu, and AquaBounty are each predicting a big year for their respective companies.
Speaking at the 2021 Global Seafood Marketing Conference, which took place virtually last month, Gathered Foods CEO Christine Tsai, BlueNalu CEO Lou Cooperhouse, and AquaBounty CEO Sylvia Wulf agreed the U.S. market is warming up to alternative proteins.
February 4, 2021 — Wage inflation and some Americans’ hesitancy to get COVID-19 vaccinations are both expected to hurt the foodservice channel this year.
Nonetheless, many suppliers and restaurant operators are optimistic about the resilience of the industry.
February 2, 2021 — U.S. retailers posted record seafood sales across the fresh, frozen, and shelf-stable categories, according to new data presented at the National Fisheries Institute’s Global Seafood Marketing Conference on 1 February.
Frozen seafood sales soared 35 percent to USD 7 billion (EUR 5.8 billion), fresh sales rose 24.5 percent to USD 6.7 billion (EUR 5.6 billion), and shelf-stable rose 20.3 percent to USD 2.9 billion (EUR 2.4 billion), according to 210 Analytics Principal Anne-Marie Roerink, citing data from IRI Worldwide.
January 14, 2021 — Even as the COVID-19 pandemic upended markets, forced restaurant closures, and changed the way society functioned, the seafood industry managed to see significant gains in the category.
IRI data, combined with NPD data, shared during a panel that is part of the National Fisheries Institute’s Global Seafood Marketing Conference webinar series, indicates that the seafood industry saw net growth of 7 percent in 2020, equaling USD 800 million (EUR 657 million) in gains for the industry. SeafoodSource is providing exclusive coverage of the GSMC Webinar series, which will be providing comprehensive market content throughout 2021.
January 25, 2018 — The exit of the United Kingdom from the European Union – colloquially known as Brexit – doesn’t pose a major threat to American exporters, and it could provide some upside, according to Rabobank Global Seafood Industry Senior Industry Analyst Gorjan Nikolik.
Speaking at the 2018 Global Seafood Marketing Conference on Wednesday, 24 January, Nikolik laid out the three most probable scenarios facing Great Britain in its move away from the E.U.: a hard Brexit, a soft Brexit, or a soft-ish Brexit with a free trade agreement. Nikolik dismissed a fourth option, “Bremain,’ where the U.K. reverses course and decides not to leave the E.U., as doubtful and not likely to cause major change to existing trade.
A “hard” Brexit, in which the U.K. would break off from the E.U. without any negotiated special agreements, would be “the worst outcome for everyone,” Nikolik said. Trade barriers would be high, the price of imported goods would increase by an estimated 11 percent, the total labor force in the U.K. would decline by 1.3 million people by 2030, and the British pound would lose approximately 30 percent of its value, according to economic modeling cited by Nikolik.
On the other hand, a “soft” Brexit would sustain many of the U.K.’s ties to the E.U., potentially including its continued membership in the continent’s single market. Under this scenario, prices of imported goods would rise by an estimated three percent and the British economy would grow by a predicted 1.6 percent annually, as opposed to 1.3 percent under a hard Brexit and 2.1 percent under the “Bremain” scenario.
E.U. negotiators will push back hard against efforts for a truly soft Brexit, Nikolik said, as it gives too much away while clawing back little in return. Nikolik’s pick for the most probable outcome is a soft Brexit with a free trade agreement. Such an agreement would result in an estimated 700,000 fewer laborers working in the U.K., and hike the cost of imported goods by around six percent, Nikolik said. It would also result in a 1.6 percent expected GDP growth rate, he added.
Read the full story at Seafood Source