Tag Archives: alternate business models
How Coronavirus Has Changed Business for Gloucester Fishermen
Gloucester has been a fishing town since its founding in the early 1620s, and the industry was the backbone of the local economy well into the 20th century. In recent decades, however, the industry has struggled as it grapples with regulations designed to prevent over-fishing and limit environmental damages. Many fishermen with long family histories in the business have had to turn to new professions, and the city’s fishing fleet has declined significantly since its peak. When the COVID-19 pandemic emerged, the situation became even worse. Government mandates and public health recommendations closed the doors of many restaurants, where the vast majority of the seafood consumed in the United States is eaten. In 2017, about 68 percent of the money Americans spent on seafood—some $70 billion—was at restaurants, according to a report from the National Oceanic and Atmospheric Administration. >click to read< 10:11
