The Winding Glass: Industry Must Prepare as Coronavirus Rapidly Changing Supply Chain Behavior
With the spread of the coronavirus to new countries, I now believe the seafood industry is going to face its worst crisis since the economic collapse of 2008.
That was difficult and frightening. From October to December of 2008, fresh whole salmon prices dropped 20%. From August 2008 to January 2009, shrimp prices in the Urner Barry farmed shrimp index fell 16%. Cod loins, which were at record prices in November of 2008, fell 34% over the next 11 months, in a continuous price decline...
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