The Institute of Food Technologists (IFT) Global Food Traceability Center (GFTC) recently announced the launch of Seafood Traceability Financial Tool that is designed to help organizations in the seafood industry better understand the financial impacts of implementing traceability.
Traceability is a growing concern, particularly when it comes to seafood. Consumers, retailers, and food service companies are becoming more concerned about where their seafood came from, where it was processed, and if it is what the label says it is. In addition to boosting consumer confidence, traceability has been shown to “drive new market opportunities, lower costs, and increase margins.”
Created with the help of seafood business leaders and owners, the tool helps businesses identify the ways in which traceability may impact their business, from customer growth and quality management, reduction of product waste and business liability costs.
The Seafood Traceability Financial Tool is available for free online at seafoodtraceability.org.
To learn more:
- Read the full news release: Global Food Traceability Center Launches New Seafood Traceability Financial Tool.
- Read more about GFTC.
- Read more about the importance of seafood traceability.
- Check out this interesting piece from National Geographic: Investing in Seafood Traceability: Why Aren’t Investors and Seafood Businesses Doing More?
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