Abstract
The fish market is a 20 billion dollar industry and one company has played a major role. Neptune Gourmet Seafood is an 820 million dollar corporation that has just recently invested heavily in technology, allowing their trawlers to move further out to sea to fish and maintain the quality the company has been known for. In doing so, they have found themselves reaching a decision point. Even though they have been going further out to sea, they have been bringing back larger than normal catches and because of this, their warehouse finished goods inventory has become bloated, with twice the normal supply on hand. This paper will address the decision process. In doing so we will define the problem, look at the decision
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The response by others is critical to the current issue and the decision that management is most focused on. Depending on the actions of Neptune, there will definitely be a reaction from their competitors to include the U.S. Association of Seafood Processors and Distributors (ASPD). If Neptune were to lower prices, it most likely would cause other competitors to lower their prices as well and potentially could cause a price war that none of the businesses could afford in the long run. Neptune especially could not afford this based on their cost structure (Kesner & Walters, 2005, p. 18). It could also potentially cause a backlash with customers if they feel they had been overcharged in the past.
If Neptune were to decide to provide retailers with a private brand, this could interrupt the current market. Most of the stores that Neptune supplies fish products to are a high end that would either already have a private brand from a source or may not want a private brand. If they were able to market a private brand, there would most certainly be actions taken by their competitors that were supplying the private brand. If Neptune were to start a mass brand such as Neptune Silver, they may find that it doesn’t do well with the ASPD. They could reasonably expect that it would not receive the gold seal (Kesner & Walters, 2005, para. 29). If Neptune chooses to enter markets inland, they could expect that competitors will try and limit their access.
The consumer market for freshwater ornamental fish and related products in the US exceeds $700 million annually and is growing at a rate of nearly 9% per year
This market failure exists because the market price for Bluefin Tuna undervalues the full social cost of unrestricted consumption of this once plentiful fish. When negative environmental externalities exist, the private equilibrium price and quantity, as determined by free market supply and demand, is not the same as the social equilibrium. Since social costs are not priced into the individual or organization decision making, when accounting for the intrinsic costs to society (see graph 1), the socially efficient quantity while decline and the socially efficient price will increase. Because overfishing is so widespread and pervasive, coordinated global intervention is necessary through a combination of market-based corrective policies in order to adequately address this market failure.
Throughout the early history of fishing there has been little to no fishing regulations on the 60,000 lakes of Minnesota. Many species have failed to survive the horrors of spearing while in spawning season, such as the sturgeon. Additionally, some species cannot recover on their own and are regularly monitored and stock by the department of natural resources. One species, lake trout, is so fragile, the only lake they are not stocked in is Lake Superior. The history of regulations in Minnesota shows the page lengths getting longer each year, but are the regulations protecting just the fish, or are the regulations protecting the ecosystem as a whole?
Blake has been considering marketing the product on ebay and through direct internet sales to the consumer. Pricing has become a serious issue in this consideration. Competitors are selling similar products for far less than Yorktown can provide their product for. The consideration for international sales has been discussed, along with the possibility of regulating the illegal infringement of the patent through sterilization of the fish prior to sales in some areas that are difficult to regulate due to the international nature of the sales.
New England Seafood Company is a leader in the northeastern United States in harvesting and processing seafood. The company’s senior executives believe that there must be a change in the corporate strategy to maintain their competitive advantage, as foreign producers are affecting their current yields. Currently, New England Seafood Company operates in the Atlantic Ocean and Gulf of Mexico dealing exclusively in saltwater fish. Management feels that a move into the freshwater fish sector will provide the company with a new directive and future stability.
In the 1960’s, there was an estimated number of 500,000 dolphins caught as bycatch per year by fishing industries alone(NOAA 8). There was an act, the U.S. Marine Mammal Protection Act, that was passed in 1972. This act’s main goal was to reduce marine mammal bycatch. This act required that “scientific studies were initiated, observers were placed on fishing boats, fishing gear was inspected, and boat captains with high dolphin mortality rates were reviewed(NOAA 8).” The also modified fishing gear in order to reduce how many dolphins were caught. This act was an incredible success, and dolphin bycatch had “declined from about 500,000 to about twenty thousand dolphins per year(NOAA 8).” This shows how much the fishing industries had improved how they fished in order to protect the dolphins. They also made a requirement that all tuna that was caught through dolphin-safe means be labelled(NOAA 9). This allowed consumers to see what they were buying. Therefore, it became in the interest of fishing industries to catch tuna by means other than through dolphins. Today, there are only about three thousand dolphins killed every year through fishing industries(NOAA 10). There is also a clear distinction between tuna that was caught through dolphin-safe means and otherwise. Therefore, the only thing a consumer has to do is to buy
Digest of Federal Resource Laws of Interest to the U.S. Fish and Wildlife Service. (n.d.). Retrieved March 8, 2015, from http://www.fws.gov/laws/lawsdigest/esact.html
In 1999, Florida Fish and Wildlife Conservation Commission, or FWC, was funded in order to manage and regulate Florida’s fish and wildlife resources. Their mission was “To manage fish
COD Before reading the book “Cod, the fish that changed the world’, one might think by just looking at the tittle, “how could it be possible for a single fish to have actually affected everything that has happened in our world?”. However, it actually happened and we, as humans, have to recognize the importance of this particular type of fish, as the one who let us survive throughout our most difficult times on Earth. This fish didn’t just affect us culturally, but also economically. Cod had an important role in the economy, fishermen used it as a form of commercialization given the fact that most people actually enjoyed making dishes with this fish, not only because of their exquisite flavor, but also due to its many nutrients. Mark Kolinsky explained this fact in detail when he mentioned “Cod meat has virtually no fat and more than 18 percent protein, which is unusually high even for a fish”.
Gazewood & Weiner PC, skilled criminal defense attorneys in Anchorage, describe a few of the most common types of fish and game offenses under Alaska law:
Hunting is one of America's oldest traditions since the first colonists landed in America access to land and game have only been restricted when nescessary. As times have changed, more land bought, and made exclusively private a need arose to help preserve wildlife resource for general public, through that need and the efforts of hunter to preserve that access to everyone several legislative actions have been taken to generate money to fund these efforts. On the national level the first legislation aimed towards collection of taxes from hunting to fuel conservation and wild life management was the The Pittman-Robertson Wildlife Restoration Act of 1937. States have the most important stake in funding conservation and wildlife management through the use of hunting license and game tags. The decline in interest of hunting is also being felt throughout states as tax revenues from the sales of hunting licenses and game tags are
The world’s largest food fishery is on the verge of collapse. Pollock, used to make McDonald’s fish sandwiches,
The fish are not available in California due to state regulations that ban biotech aquatic organisms (GloFish, 2011). In addition, Singapore – where the fish was originally engineered – has been reluctant to approve its sale (Ely, 2004). This places an additional limit on potential marketing and distribution strategies.
The introduction of this specific technological advancement has affected this sector in various ways. For example, the increase in packaging within the food industry can also potentially upsurge the amount
The availability of seafood in Canadian and Argentinean waters is also dependent on the total allowable catch allocated to Clearwater in a given area. Although the totals allowable catch in these areas and Clearwater 's enterprise allocations have been largely stable, fishery regulators have the right to make changes in the total allowable catch based on their assessment of the resource from time to time. Any reduction of total allowable catches in the areas from which Clearwater sources seafood, or the reduction of stocks due to changes in the environment or the health of certain species, may have a material adverse effect on Clearwater 's financial condition and results of operations.