Enhancing Belize's Shrimp Industry Through Clustering Strategies
Belize's shrimp industry is a vital part of its economy, facing challenges in scaling production for exports. Emphasizing quality and identifying competitive advantages are key, along with capitalizing on niche markets and seeking certification. Clustering strategies can help firms collaborate, share resources, and tackle market challenges effectively, preparing for both current and post-pandemic scenarios.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
BELIZES SHRIMP INDUSTRY The Value of a Clustering Strategy
Shrimp Farming in Belize The Shrimp Industry in Belize is comprised of - Five (5) Hatcheries - Thirteen (13) Farms - Three (3) Processing Plants - The Industry is fully vertically integrated from maturation to value- added processing - Belize s shrimp has penetrated export markets all over the world including: Spain, Italy, Portugal, France, Canada, the USA, Mexico, Guatemala, Jamaica, Trinidad, Barbados, just to name a few
The Challenge We Face in Belize: How do we Successfully Develop and Sustain an Export Base in The Absence of Scale? Scale Does Matter Belize s production is dwarfed by all of the regional producers; But Scale is Not the Only Consideration: A) Consistent quality is highly valued; B) Niche markets do exist for a certified product
Capitalizing on the Opportunity! Identify your Competitive Advantage Working together makes a difference. Our fortunes are inextricably tied; Compete Caribbean s Intervention can Make a Material Difference Access to Certification under Aquaculture Stewardship Council (ASC)
Key Take-Aways from our Clustering Experience Agree on the Industry s/Cluster priorities (Resources are limited); Recognize that our real competition is not internal but external (share technology with each other); Clustering will better prepare the firms for some of the fundamental current and post-pandemic market challenges. 1) 2) 3)
Thankyou! Thank you!
