Tag Archives: supply disruptions
Researchers to monitor socioeconomic resilience of Maine’s lobster fishery
A University of Maine-led research team has developed new indicators to measure the socioeconomic resilience of Maine’s lobster fishery. The study aims to deepen understanding of the industry’s challenges and guide future policies supporting the fishery and the communities it sustains. Maine’s lobster fishery, supporting thousands of jobs, is closely monitored and managed through biological surveys and industry reports. However, these statistics don’t capture the full impact of supply disruptions, market shifts and geopolitical tensions on the industry and its communities. With commercial lobster landings dropping 27 percent between 2016 and 2022, the Maine Lobstermen’s Association began exploring new ways to measure the fishery’s socioeconomic resilience, helping leaders better respond to the industry’s challenges. more, >>CLICK TO READ<< 05:53
Seafood Biz Braces For Losses Of Jobs, Fish Due To Sanctions
The worldwide seafood industry is steeling itself for price hikes, supply disruptions and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. The latest round of U.S. attempts to punish Russia for the invasion of Ukraine includes bans on imports of seafood, alcohol and diamonds. The impact is likely to be felt globally, as well as in places with working waterfronts. One of those is Maine, where more than $50 million in seafood products from Russia passed through Portland in 2021, according to federal statistics. “If you’re getting cod from Russia, it’s going to be a problem,” said Glen Libby, an owner of Port Clyde Fresh Catch, a seafood market in Tenants Harbor, Maine. “That’s quite a mess. We’ll see how it turns out.” >click to read< 13:39
