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Outlook
The division expects to drive sales
growth with new product lines,
brand marketing and expanded
distribution channels. Sales growth
is also expected to include the
impact of pricing taken to offset
the anticipated increase in input
costs and we project that demand
for fishmeal and tuna loins can
be sustained at current levels,
if not higher. In addition, we
expect meaningful cost savings
to be delivered through specific
improvement measures undertaken
in recent years to inter alia reduce
our energy and fuel consumption
and optimising our environmental
footprint in every phase of our
value chain given consumers’
growing preference towards
more sustainable processes. On
that note, we remain committed
to the sustainability agenda and
continues to maintain a strict
position on our value chain, namely
and in particular, marine resource
sustainability, within our operating
principles.
Over the past few years, we have
experienced a range of external
impacts ranging from currency
volatility, raw material supply
constraints and
product dumping.
Despite these
major influences,
we have managed
to put in significant platforms on
which to build a food business with
a diverse portfolio. While there
continue to be major issues such
as lack of adequate enforcement
e.g. from export-dumping activities
that remain out of our control, our
businesses have developed agility,
resilience and a lean infrastructure.
This positions us well to benefit
from any improvements in our
operating environment.
Fish Canning Business Model
Inputs Mackerel, Yellowfin, Skipjack
Customers
• Processors
• Wholesaler
• Caterers
• Fast-food outlets
• Retailers
• Restaurant
• Supermarket
Distribution
• Transportation
• Warehouse
Processing
(Canning/Loining)
• Thawing
• Deboning & skinning
• Retorting
• Freezing
• Packaging
Sourcing
• Supplier screening
• Supplier code of conduct
• Document checking
Output
Brands
Canned Tuna
Frozen Pre-cooked
Tuna Loins
Fish Oil
Canned Mackerel
Fishmeal
performance
review
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