Against the Tide

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A case study focused on an entire industry of a G7 country, analysing the long-term financial performance of 70 listed Japanese seafood companies in this industry exposed to a declining natural resource.

Amid declining fish stocks and supply, financial think tank reveals why the growing risk exposure of Japan’s seafood industry is not being captured by the markets.

This report investigates high-level financial implications of yellowfin collapse in the Indian Ocean

At the end of last week, EU legislators reached an agreement on the expenditure of EUR 6.1 billion (USD 7.4 billion) which is to be allocated to fisheries and aquaculture for 2021 to 2027.

The European Parliament’s Committee on the Environment (ENVI) has voted to bring more transparency to the European Union fishing industry. These proposals mark progress towards ensuring sustainability in seafood supply and marine ecosystems in the EU.

The natural foundations for human prosperity are being undermined at an alarming rate, yet according to the UN Convention on Biological Diversity (CBD) the financial solutions currently on the table will be insufficient to halt or reverse the decline.

Seafood, the most traded food globally, is operating with a broken supply chain. Bottlenecks are apparent at both processors and distributors. If the seafood market were working efficiently, harvesting output would have fallen more dramatically. To date, lower seafood prices have failed to stop this oversupply, which means that seafood waste is rising.

Today, 5 June 2020, is not only the International Day for the Fight against Illegal, Unreported and Unregulated (IUU) fishing, but also marks the 4th anniversary of the Agreement on Port State Measures (PSMA) – to prevent, deter and eliminate IUU fishing – entering into force.

As of Thursday 26 March, and before the $2 trillion U.S. stimulus package and U.S. Fed moves come into force, the last time the S&P 500 and the Dow Jones Industrial Average showed similar volatility – chaotic up and down movements – as it has over the past month was in September 1929, when markets collapsed at the start of the Great Depression.