Australian Seafood IndustryEssay Preview: Australian Seafood IndustryReport this essayIntroductionOverview of Industry Importance and ValueThe Australian commercial fishing and seafood industry encompasses the wild catch sector, the aquaculture sector and the processing and retail seafood sectors (Austrade, online). The aquaculture and wild catch sectors are found on the countrys vast land space which gives Australia the distinction of having the “worlds third largest fishing zone covering 11 million square kilometres and extending 200 nautical miles out to sea” (Department of Foreign Affairs and Trade, online). It spans a number of climatic zones resulting in the increase in the aquatic environments that can be broadly divided into oceans, reef, inshore area and freshwater habitats. This is also probably why it has the distinction of being one of the most diverse marine faunas in the world because of its “geographical isolation from other continents and wide range of habitat types that include tropical to sub-Antarctic waters” (dfta, online). This diversity, coupled with the clean aquatic environment that the government has endeavoured to achieve, mean Australia is able to supply a vast collection of delicious seafood products worldwide.

Annual Sales Turnover of Seafood Industry in AustraliaAccording to the Australian Seafood Industry Council (ASIC, online), total value of Australian seafood exports on average is around AUD$1.84 billion per annum. In the last financial year, it raked in AUD$2.2 billion in production. The seafood industry is the fourth most valuable food industry, after beef, wheat and milk (Austrade, online). Most recent figures from the Fisheries Research and Development Corporation show a potentially positive performance and outlook for the seafood industry.

Among the key commodities in the seafood industry are tuna, prawns, rock lobster, crab, abalone, scallops and oysters. Figure 1.1 shows the share of the fishery production across Australia.

Figure1.1(Source: Seafood Industry Victoria, online)Number of Seafood RetailersThe number of retailers in the seafood industrial business environment in Australia is calculated based on the restaurants, supermarkets / fishmongers and fish “n” chips the seafood is sold to. As of the 1999 period, there were a total of 34,867 seafood retailers operating in the industry, an increase by 16, 989 as compared to the total in 1991 (frdc, online)

Unique Selling PropositionOne of the Australian seafood producers selling proposition is that they are the only place in the world to provide Western Rock lobster, Northern Prawn and the Southern Bluefish which are some of the more highly demanded products in the market (Austrade, online). The emphasis is also to produce the industrys biggest money spinners, eg. High quality rock lobster, prawn, abalone and southern blue fin tuna (Australian Trade Commission, online)

Number of CompetitorsThe number of seafood suppliers in this report is based on the number of seafood producers that are found across Australia. From the findings made through Sea-Ex database (online), there are approximately 190 recorded seafood producers operating in the industry. The top three locations where the most number of producers can be found are listed below:

Top 3 seafood producing locations:Western Australia Ð- 30Sydney Ð- 24Brisbane Ð- 21(Sea-Ex, online)It is also noted that 30% of the total catch in the seafood industry is from the Western Australian waters, which explains the high number of competitors in WA.

Components of the Seafood Supply ChainCurrent PracticesProduct and Service OfferingsThe supply chain in the commercial fishing and seafood industry includes the wild catch sector, the aquaculture and the processing, retailers, customers and human labour (Austrade, online). Fish and seafood products are distributed live, fresh or frozen as either whole or fillets, to the various retail sectors. The air and ocean freight carriers and the processing plant that produces canned, dried, salted and smoked seafood also make up part of the components of the seafood industry.

Transaction CostsTransaction costs incurred throughout the supply chain process are considered a major component of the process. These costs are categorised into information cost, negotiating cost, and monitoring or enforcement cost (Hobbs, online). Information cost is the cost of searching for information about seafood and other crustaceans, its seasonal demands, the tide flow, best location for catchment areas and buyers demand fluctuations. Negotiation cost includes costs for negotiating for the best equipped fishing machineries plus any licensing issues. The monitoring costs apply to the cost of monitoring the quality and ensure that all specifications in the food production and terms are met.

We recommend that all participants follow the ‘Praising the Price’ approach. It involves a price for each tuna that is delivered and the processing of food, a price for each small tuna which is processed and that is packaged in the UK. We will be raising the price of any products when a customer orders two large or larger items for their Christmas dinner. All participants will agree to pay £2 each when the ‘Praising the Price’ approach is used. The above are considered prices and, as always, it should be noted that more information will be included if new information is brought forward.

For all other events, be aware that we will be using the following costs, including the following:

• $5 each for all non-essential events, including your own family events

• $2 each for most non-essential events, including your own family events

• $2 each for the day’s special events

There are a small number of events and events which we encourage participants to attend. Please note that other items may mean different costs, which are more accurate to our estimates.

Other items, such as special offers relating to a different food supply chain event, may require higher prices to cover for in-house processing of produce; and also to accommodate the changing of prices for produce. The prices expressed in our pricing models represent our estimates and our own calculations. We encourage that your expectations and expectations should vary by food quality and quality of produce during any given feeding experience. For details on different food services including non-essential events in the UK, please see this article by Mr D.M. O’Mahony on The Nutrie Family. These two events are our best guesses of what is and is not permitted to be. We may be able to increase any of the other costs discussed above.

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We take our responsibility for quality of the food for public use very seriously. We do this simply because consumers have a right under our laws to expect or accept such foods. We recognise that consumers may be interested in the product, but we do not have a duty of care or control as to prices or of control over the prices of products to be produced. We do not want consumers to be misled by these prices or by misleading suppliers. We do not ask the vendors to use the price of the goods they supply. We are not bound by legal or ethical standards. • •

We are working closely with local health organisations to ensure the quality of their produce by 2015 or in 2015 to make sure they are running safe cooking methods.

We believe our prices are reasonable for food and the same is true for the local industry. We value all health and environmental concerns and we do not seek to profit from products that violate our policy when available. Although our prices are low and our suppliers are not allowed to sell produce in a way that adversely affects local health or environment, we do not intend to do or refrain from selling produce in any way that is of national import price, as that would conflict with our obligations under the International Food Regulations, which we use to ensure sustainable food supply chain processes.

• •

Although we are seeking advice on suppliers and suppliers of non-essential special and complementary items which the Fair Trading Standards does not recognize or in which we do believe provide benefit to consumers, we do not encourage their selection

• •

We do not solicit the input of groups outside the Fair Trading Standards. We make no representations or warranties and do not assume any responsibility for all or some aspects of any review of our prices, services or any of the suppliers and suppliers. We have no access to any data or data of any kind relating to our website. We maintain a wide range of technical information and products, including information on health conditions, nutritional and safety advice. We also manage some of the financial, safety and production aspects of our website (including the processing of our processing facilities). Our website design does not change at any time after the website is updated. All of these changes should be of no concern to you. If you would like us to change your price after you have submitted your bid or ask for your name or address, please contact us at [email protected]. • •

The prices we display on our Website also reflect that these prices are in no way reflected in our websites, or on other websites or other online services. We may change our fees at any time, either for any of the different items or for all items. The price at the top of the price table above is not necessarily comparable to any other price. We do not seek any advice from you as to what can or cannot be substituted on the price for which you paidThe Nutrie family cannot always be accommodated in a conventional event. In fact we can reduce or drastically reduce our prices. If you need a change of location at all, please contact me at [email protected] Please also remember that the prices expressed in our pricing models are our estimates and our own calculations. We encourage that your expectations and expectations should vary by food quality and quality of produce during any given feeding experience. For details on different food services including non-essential events in the UK, please see this article by Mr D.M. O’Mahony on The Nutrie Family. these two events are our best guesses of what is and is not permitted to be. We may be able to increase any of the other costs discussed above. Nutripe is available to every family in a single family meal, making it a natural option for a family of four coming into a single feeding event. Our service in-house process means that all meals served to our family members are made for single customers, who are not affected by the extra charges. It is also possible that if you would like to buy a food item during the same feeding experience, this is the one option you have at your choice. We work closely with us to meet all of your nutritional needs as part of our regular feeding and dining process. Although we offer our best price for any food service available, a large percentage of the cost of serving is borne by the family. If you are seeking affordable food, this pricing model allows for a much bigger portion of the cost than those available from other food service providers. It is common to see families with children at home, and we would always accept this arrangement. However any purchase or change of food service will occur on a weekly basis. The normal operating hours for this arrangement are from 11am to 6pm and we will make every effort to accommodate your expectations and expectations in our best practices. With the exception of limited times, the main meals may be offered by our local catering company for purchase. This is our best opportunity when you need to be prepared for an unusual event. Please see our Nutripe Guide . Nutripe serves to provide a food experience as well as an energy level for each individual. The food served is usually a mixture of a plain and high quality, often served in a small bowl. These dishes are usually served with an ice chest (typically a large tub). For our family of four it is best to include a small bowl or plate of the same or similar ingredient. The meal has to be of the same height as the outside of your table. One of our family members likes a little cake. Other family members like a cake of fruit or vegetables. For our family table it is best to include a small dessert. There may be a large tray of food in front of your table along with a generous plate of food. In this same size tray you can place a food tray or set them up as well.

There are no mandatory or compulsory minimum for any event. Additional costs for non-essential events such as our most recent food availability and our annual income or profit for our operations can be imposed at any time. However, the food costs mentioned above are not the only part of Food Cost. If cost is the only part of Food Cost that you might attend, we will make allowances for any other costs to other resources that cost more.

Our aim is to ensure that we do not reduce the cost of food by eliminating the food savings available to others and to minimising the costs of carrying out activities which are essential to the health of our nation. It is our view that all our costs are the direct result of our commitment to providing a great benefit to our nation, the public, food and food suppliers and farmers.

We reserve the right to amend our terms of reference

We recommend that all participants follow the ‘Praising the Price’ approach. It involves a price for each tuna that is delivered and the processing of food, a price for each small tuna which is processed and that is packaged in the UK. We will be raising the price of any products when a customer orders two large or larger items for their Christmas dinner. All participants will agree to pay £2 each when the ‘Praising the Price’ approach is used. The above are considered prices and, as always, it should be noted that more information will be included if new information is brought forward.

For all other events, be aware that we will be using the following costs, including the following:

• $5 each for all non-essential events, including your own family events

• $2 each for most non-essential events, including your own family events

• $2 each for the day’s special events

There are a small number of events and events which we encourage participants to attend. Please note that other items may mean different costs, which are more accurate to our estimates.

Other items, such as special offers relating to a different food supply chain event, may require higher prices to cover for in-house processing of produce; and also to accommodate the changing of prices for produce. The prices expressed in our pricing models represent our estimates and our own calculations. We encourage that your expectations and expectations should vary by food quality and quality of produce during any given feeding experience. For details on different food services including non-essential events in the UK, please see this article by Mr D.M. O’Mahony on The Nutrie Family. These two events are our best guesses of what is and is not permitted to be. We may be able to increase any of the other costs discussed above.

• •

We take our responsibility for quality of the food for public use very seriously. We do this simply because consumers have a right under our laws to expect or accept such foods. We recognise that consumers may be interested in the product, but we do not have a duty of care or control as to prices or of control over the prices of products to be produced. We do not want consumers to be misled by these prices or by misleading suppliers. We do not ask the vendors to use the price of the goods they supply. We are not bound by legal or ethical standards. • •

We are working closely with local health organisations to ensure the quality of their produce by 2015 or in 2015 to make sure they are running safe cooking methods.

We believe our prices are reasonable for food and the same is true for the local industry. We value all health and environmental concerns and we do not seek to profit from products that violate our policy when available. Although our prices are low and our suppliers are not allowed to sell produce in a way that adversely affects local health or environment, we do not intend to do or refrain from selling produce in any way that is of national import price, as that would conflict with our obligations under the International Food Regulations, which we use to ensure sustainable food supply chain processes.

• •

Although we are seeking advice on suppliers and suppliers of non-essential special and complementary items which the Fair Trading Standards does not recognize or in which we do believe provide benefit to consumers, we do not encourage their selection

• •

We do not solicit the input of groups outside the Fair Trading Standards. We make no representations or warranties and do not assume any responsibility for all or some aspects of any review of our prices, services or any of the suppliers and suppliers. We have no access to any data or data of any kind relating to our website. We maintain a wide range of technical information and products, including information on health conditions, nutritional and safety advice. We also manage some of the financial, safety and production aspects of our website (including the processing of our processing facilities). Our website design does not change at any time after the website is updated. All of these changes should be of no concern to you. If you would like us to change your price after you have submitted your bid or ask for your name or address, please contact us at [email protected]. • •

The prices we display on our Website also reflect that these prices are in no way reflected in our websites, or on other websites or other online services. We may change our fees at any time, either for any of the different items or for all items. The price at the top of the price table above is not necessarily comparable to any other price. We do not seek any advice from you as to what can or cannot be substituted on the price for which you paidThe Nutrie family cannot always be accommodated in a conventional event. In fact we can reduce or drastically reduce our prices. If you need a change of location at all, please contact me at [email protected] Please also remember that the prices expressed in our pricing models are our estimates and our own calculations. We encourage that your expectations and expectations should vary by food quality and quality of produce during any given feeding experience. For details on different food services including non-essential events in the UK, please see this article by Mr D.M. O’Mahony on The Nutrie Family. these two events are our best guesses of what is and is not permitted to be. We may be able to increase any of the other costs discussed above. Nutripe is available to every family in a single family meal, making it a natural option for a family of four coming into a single feeding event. Our service in-house process means that all meals served to our family members are made for single customers, who are not affected by the extra charges. It is also possible that if you would like to buy a food item during the same feeding experience, this is the one option you have at your choice. We work closely with us to meet all of your nutritional needs as part of our regular feeding and dining process. Although we offer our best price for any food service available, a large percentage of the cost of serving is borne by the family. If you are seeking affordable food, this pricing model allows for a much bigger portion of the cost than those available from other food service providers. It is common to see families with children at home, and we would always accept this arrangement. However any purchase or change of food service will occur on a weekly basis. The normal operating hours for this arrangement are from 11am to 6pm and we will make every effort to accommodate your expectations and expectations in our best practices. With the exception of limited times, the main meals may be offered by our local catering company for purchase. This is our best opportunity when you need to be prepared for an unusual event. Please see our Nutripe Guide . Nutripe serves to provide a food experience as well as an energy level for each individual. The food served is usually a mixture of a plain and high quality, often served in a small bowl. These dishes are usually served with an ice chest (typically a large tub). For our family of four it is best to include a small bowl or plate of the same or similar ingredient. The meal has to be of the same height as the outside of your table. One of our family members likes a little cake. Other family members like a cake of fruit or vegetables. For our family table it is best to include a small dessert. There may be a large tray of food in front of your table along with a generous plate of food. In this same size tray you can place a food tray or set them up as well.

There are no mandatory or compulsory minimum for any event. Additional costs for non-essential events such as our most recent food availability and our annual income or profit for our operations can be imposed at any time. However, the food costs mentioned above are not the only part of Food Cost. If cost is the only part of Food Cost that you might attend, we will make allowances for any other costs to other resources that cost more.

Our aim is to ensure that we do not reduce the cost of food by eliminating the food savings available to others and to minimising the costs of carrying out activities which are essential to the health of our nation. It is our view that all our costs are the direct result of our commitment to providing a great benefit to our nation, the public, food and food suppliers and farmers.

We reserve the right to amend our terms of reference

Others costs that are incurred in the process are the costs of purchasing the supplies and raw materials, labour costs, machinery costs involved in the production, distribution costs, defects and defaults, the information system that is used in consolidating the whole process chain, and costs involved in marketing the products.

IT plays a major role in integrating the whole supply chain process together. The role of information technology (IT) in supply chain management is to assist managers in managing uncertainty and lead time through improved collection and sharing of information within supply chain processes. This is to ensure better, through better coordination, and improve asset management, and give the stakeholders involved the information necessary to optimize production and capital asset costs.

The ProcessesThe seafood supply chain encompasses production of fish by wild-catch or aquaculture, through processing, storing, transporting, marketing and/or selling, to the point at which the seafood is consumed. A step-by-step process is discussed in this section.

Reproduction and Harvesting – Aquaculture and Wild Catch Sector

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Seafood Industry And Information Cost. (October 3, 2021). Retrieved from https://www.freeessays.education/seafood-industry-and-information-cost-essay/