What Lessons Can Today’s Seafood Marketers Learn From the 2009 Recession?
The last time the seafood industry faced a genuine crisis was during the economic recession that started in 2008–09.
During that time, retailers prospered and foodservice contracted. However, retail prospered by giving customers the opportunity to trade down to less expensive products.
Looking at major seafood items, almost every single commodity lost substantial value between 2008 and 2010–2012, as U.S. consumers changed their buying habits.
This is the situation we are heading ...
Asian Seafood Markets Impacted by Russia-Ukraine War
The war between Russia and Ukraine has exerted great influence on different sectors of the global market.
One victim has been seafood industries worldwide. Russia has spent great efforts in seafood promotion within recent years and it has been rising in prominence. Russian seafood exports have increased by 33.7 per cent to US$7 billion in 2021, according to the Russian Federal Agency for Fishery.
But now everything has been disrupted.
In the face of war sanctions, seafood trade between ...