April 11, 2024 | World Economic Forum |
A recent report from the World Economic Forum reveals that 15% of fish and seafood in the global food chain goes to waste, despite their critical role in nutrition and food security. Processing on land and discards from wild-capture fishing are where major loss occurs. To address this, innovations in technology, collaboration, and infrastructure are essential, alongside finding new uses for industry by-products and enhancing supply chain efficiency. Improved tracking, traceability, and predicting market demands through AI and blockchain can also help reduce waste. Collaboration between industry, academia, and public-private partnerships is crucial in implementing effective solutions to minimize aquatic food loss and waste globally.