Last week, buyers at Walmart and Whole Foods gave a stark warning at the Alaska Seafood Marketing Institute's (ASMI) annual meeting: Seafood is hitting an inflation ceiling at retail.
It's not unlike other signs from around the world that consumers simply don't have the ability or desire to splash out cash on "nice to have" food items.
Some segments are doing better than others, and it seems retailers are seeing the benefits of value-added items, which can still meet a price point for consumers while showcasing convenience. Still, it's a time for the industry to worry.
Plus, Vietnamese farmed fish pangasius is back in the spotlight. Can it finally reach its full potential?
Join IntraFish Editor-in-Chief Drew Cherry and Executive Editor John Fiorillo as they discuss on this week's podcast.
- These seafood CEOs account for $30 billion in sales. Meet the man helping move them in the same sustainable direction.
- Monterey Bay looks poised to red list some Alaska crab in a further blow to struggling sector
- Birds Eye, Iglo pangasius supplier plans expansion as requests flood in for replacements for Russian whitefish
- 'We're reaching a retail ceiling': Walmart, Whole Foods buyers say US consumers 'trading down' on seafood