Governments, the media and NGOs continue to document social and environmental issues in global tuna and shrimp supply chains, threatening to drive up costs and hurt consumer demand. The Seafood Task Force was specifically formed to tackle these issues with a step-by-step process to help restore global market confidence to trade and keep the seafood industry competitive. Whilst many companies have tried to tackle these issues alone or from afar, STF believes that collective action amongst companies can reduce cost and increase effectiveness, and that presence in the supply chains on-the-ground with local experts are key for long lasting change. And with increasing requirements from government, investors and the consumer – all demanding greater transparency in the supply chain – the need for a more tangible approach throughout the supply chain is more important than ever. The Seafood Task Force’s process pioneers a new, procompetitive approach to supply chain oversight that makes it easier for its members to meet international ESG standards and growing due diligence requirements. This session will share the STF process and impacts to date.
