The Global Seafood Opportunity
The global seafood market is projected to reach over $280 billion by 2028, growing at a CAGR of 4.5%. This represents significant opportunity, yet many companies are hindered by persistent challenges that erode profitability and limit expansion.
Critical Problems in the Industry:
Processing Inefficiencies: Outdated systems reducing net margins, resulting in hundreds of millions in lost revenue annually
Innovation Gap: Lack of dedicated R&D and commercialization expertise leading to missed market opportunities
Regulatory Complexity: Intricate compliance and traceability requirements resulting in costly penalties and product recalls
Limited Market Access: Failure to strategically penetrate high-growth export markets curtailing revenue expansion
Retail Navigation: Inexperience leading to suboptimal product placement, inventory mismanagement, and unforeseen costs destroying margins
Cold Chain Bottlenecks: Inadequate management resulting in significant post-harvest losses
Automation Risk: Slow adoption creating productivity gaps versus technologically advanced competitors
The Cost of Inaction: Declining margins, lost growth opportunities, and risk of obsolescence.