April 27, 2020 — The COVID-19 pandemic has shaken the entire seafood industry. Demand for fresh seafood has plummeted as restaurants, hotels, and catering businesses shutter. And trade has faltered as transportation restrictions prevent supply chains from moving product.
But while businesses in the developed world can apply for social safety provisions and major seafood companies’ balance sheets give them a fighting chance to weather the storm, small-scale fishermen face severe risk. Especially in the developing world, where a day’s catch buys that night’s meal, fishermen’s prospects are bleak.