Canadian frozen seafood giant High Liner is targeting raw material costs and other areas of its business where executives see opportunities to reduce costs as part of a strategy to deal with the coronavirus health crisis.

"One thing we believe me may see, it's still to early to tell with any certainty, is some opportunity on seafood costs as we look forward and we will continue to manage raw material costs through this crisis through the balance of the year," CFO Paul Jewer said during an earnings call with analysts.