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Inaugural Innovation Summit Seeks to Keep Atlantic Canadian Seafood Competitive Worldwide

Above: (L-R) Keith Hutchings, Managing Director of the CCFI; David Fitzgerald, Beach Point Processing Company; Carey Bonnell, Vice-President of Sustainability and Engagement at Ocean Choice International; Geoff Irvine, Executive Director of the Lobster Council of Canada and Alastair Trower, Director of Business Development with Enginuity Inc. Nick Travis photo   The Canadian Centre for Fisheries Innovation (CCFI), Memorial University of Newfoundland and the Marine Institute recently ...

N.L. Ropeless Fishing Gear Needs Work to be Viable: CCFI

The Canadian Centre for Fisheries Innovation (CCFI), an organization that supports research and development within the seafood industry, recently tested the viability of ropeless fishing gear in Newfoundland and Labrador’s crab and lobster fishery. While ropeless gear, also known as rope-on-command (ROC) gear, would allow harvesters to fish in areas closed due to the sighting of the critically endangered North Atlantic right whale, the CCFI has identified a number of issues with the ...

Canadian Centre for Fisheries Innovation: Your Local R & D Resource

The Aquaculture Canada and World Aquaculture Society North America 2022 Conference is a perfect occasion to celebrate the tremendous work of all the people and organizations who have contributed to the growth and development of aquaculture in our country, and around the world. They are to be celebrated because they recognize the immense opportunities that arise from providing sustainably sourced seafood to a growing world population that is hungry for it and because they are willing to face ...

Reflections on More Than 40 Years in the Industry

This will be my last column in The Navigator. I am retiring from the Canadian Centre for Fisheries Innovation (CCFI) at the end of September. In one way or another, I have been involved in the capture fishery for over 40 years. For my final column, I will reflect on events in the industry during that time. Opportunity As I consider what has happened over the past 40 plus years, the first word that springs to mind is opportunity. Although that may surprise some people, the fact is we ...

Be Careful What You Ask For

There is an old saying that comes in many different variations. A common one is, “Be careful what you ask for, because you may get it in greater measure than you expect.” It is a warning that what you ask for may not actually be good for you. The origins of that idea go back at least to the book of Elijah in the Old Testament of the Bible. It is also in Aesop’s Fables, the world’s best-known collection of morality tales, dated to around 260 B.C. But Elijah and Aesop likely just ...

Meeting Specifications

These days, nearly all commercial food products are grown, harvested, cut and packaged in accordance with specifications. Governments specify the minimum requirements that must be met to ensure consumer health and safety. Food retailers, restaurant operators and other food service organizations specify additional requirements to ensure their products will be attractive to consumers, meet targeted price points and fit into their production and distribution systems. Both sets of specifications ...

Predictability

Predictability is the degree to which a prediction, forecast or expectation is likely to come true. It is the foundation on which all plans are made. Unless there is a reasonable expectation of predictability, a plan has little chance of becoming reality. About 30 years ago, the U.S Army War College developed the idea that we increasingly live in a world that is volatile, uncertain, complex and ambiguous — or VUCA, for short. According to that view, we hope for certainty in a world that ...

Matching Demand and Supply

Recent events related to the COVID-19 lockdown have brought into very clear focus the economic laws of supply and demand that usually operate more in the background. Essentially, these laws state that, in a competitive market, the unit price for a particular item will vary, until the quantity demanded is equal to the quantity supplied. If market demand is higher than supply, the price will rise, to attract new supply. But if supply exceeds demand, the price will drop, until some suppliers ...

Risk = Probability x Impact

Safety is the theme for this month’s issue of The Navigator. But safety is a concern because of risk. The fishery is widely regarded as being the riskiest occupation in the world. The risks have even been the subject of reality television shows, such as Deadliest Catch, about the crab fishery in Alaska. When the risks in your industry are offered to the public as a form of entertainment, to provide a vicarious thrill, it is not a good sign. Risk can be assessed based on the simple ...

Valuing Fish

Last month, I wrote a column about valuing the ocean. This month, I will follow up with a column about valuing fish, just one of the resources the ocean provides but a very important one, both globally and here in Atlantic Canada. In 2011, Michael Mainelli and Ian Harris published an award-winning book entitled The Price of Fish: A New Approach to Wicked Economics and Better Decisions. It is worth noting that the authors were involved in creation of the Marine Stewardship Council, which ...