Official Query: What's Behind the Downturn in Seafood Sales?
Listen to Ken Salzinger, founder of Kenmar Sales and Consulting and author of the "Ken's Catch" newsletter, as he delves into the topic of declining seafood sales. In this segment, Salzinger addresses various theories proposed by pundits, including the impact of inflation, seafood prices compared to other proteins, and concerns about the safety of imported seafood. However, Salzinger offers his own perspective on these theories, suggesting that they may not accurately explain the decline in seafood sales.
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Ken Salzinger, founder and owner of Kenmar Sales and Consulting and author of the "Ken's Catch" newsletter, examines the factors contributing to the decline in seafood sales. Salzinger reflects on the surge in U.S. per-capita seafood consumption until the onset of the pandemic, attributing the increase to factors such as supply chain disruptions, rising prices, and shifts in consumer habits.
Despite previous years of robust seafood sales, Salzinger notes a sharp decline in earnings following the pandemic, raising questions about the discrepancy between industry trends and personal experiences. While promotions and sales have traditionally been driving factors in seafood consumption, Salzinger observes a downturn in demand, particularly for shrimp.
Salzinger highlights the challenges facing the seafood market, including decreased demand both domestically and globally, compared to other protein sources like meat, poultry, and pork. He underscores the need for unified efforts to promote seafood consumption and suggests the formation of groups like the Global Shrimp Council as a step in the right direction.