IFFO's Monthly Update constitutes a key communications tool for the marine ingredients industry and its main players. This report is dedicated to the needs of IFFO's members, bringing together industry news and insights from our diverse network.
I was recently asked to present an overview of fishmeal and fish oil at the 2015 Pelagic Fish Forum, this year held in Dubai, UAE. Mainly aimed at the supply of fish to the direct human consumption (DHC) market, this is the fourth annual forum held by the organisers and attracted several IFFO members...Update - December 2015 - 275.pdf
It has been a busy month, getting back to work after the very successful Annual Conference in Berlin and appointing our new Technical Director, Dr Neil Auchterlonie, who takes over from Andy Jackson when Andy retires at the end of the year. Articles on both the Conference,
and Neil Auchterlonie, are later in this edition of Update and I am sure Neil will be looking forward to meeting IFFO members in the coming months....
Each year, the local IFFO teams in London and Beijing take a day out to discuss how we work together and how we can improve our service to members. One of the reasons that we are a successful organisation is because we have a motivated team that delivers a good service and we need to stay that way. There was a time when managers were supposed to know everything and team members just had to follow instructions – anyone who follows modern management theory will know this misses many opportunities to engage teams and harvest some great ideas from people doing the job every day on how work can be made more efficient.Update - September 2015 - 272.pdf
One of the most popular internet news sites, Intrafish, is currently running a series of features headed “Where are all the Women in Seafood?” possibly prompted by the recent FAO Globefish report on the role of Women in the Seafood Industry (Vol 119, author Marie Christine Montfort). A number of successful women have been profiled, each having a view as to why there are not more women in the fish industry, particularly in the management jobs where they are certainly in a minority. Is it because the fish industry is not attractive to women managers or are women not made to feel there are opportunities?
The subject of gender balance is climbing many agendas and is something all employers should be considering. Most responsible businesses will have already adopted non-discrimination policies but how many are actively considering the benefit of recruiting more women to senior management positions? Any senior team benefits from a diversity of thinking and women bring a different perspective to decision making than male colleagues. If the leadership of an enterprise wants the best quality decisions, then a diverse leadership team is worth developing.
The fish industry has always frightened many potential investors looking for that elusive balance of risk and reward. But perhaps the investment tide is turning. Fishmeal and fish oil have ready markets and returns have steadily risen over the last decade. As a sector, marine ingredients is becoming more attractive – companies like IFFO member Oceana of South Africa would not have invested in acquiring Daybrook Fisheries unless there was real value to be released in future. Readers of the Huffington Post may have seen an article by David Bank on June 18th titled “Investors Target Growing Demand for Healthy, Sustainable, Tasty Fish” (see page 8), mentioning how the fundamental long term appeal of responsibly sourced fish, whether farmed or wild, makes a good business case. In general, what is good for the aquaculture industry is good for our members so this positive outlook is welcome.Update - July 2015 - 271.pdf