What role can technology play in improving food production, particularly in the seafood industry?
CEO, SIAM BROTHERS
Today, with over 85% of fish stock at capacity, either overfished or exploited, and up to 60% of waste lost in the supply chain, there is an urgency to manage global fish resources.
The seafood industry in developing countries is also characterized by a highly fragmented supply chain with many layers of middlemen. Digitalization can help make these supply chains more efficient.
As food processors (mid-stream players) convert fish to fishery products, importers & brand owners (down-stream players) now demand more traceability (from ‘farm to fork’) for food safety and legality.
Meanwhile, government and fishery management agencies are concerned with sustainability & resource management. By providing better information, blockchain & big data can help meet these demands.