Clearwater Seafood Essay

1476 words - 6 pages

Case study: Clearwater SeafoodsJiapeng Wang ID: 25038788Executive SummaryThis case study summarized Clearwater seafoods' situation, Clearwater Seafoods, as a international trade company currently faces both foreign exchange rate risk and business risk. Exchange rate risks of Clearwater are mainly transaction risks that can be resolved by increase the hedging ratio. Meanwhile, money market hedging, match receipt and payment could also minimizing the forex risk.Business risks associated with Clearwater are consisted of resource sustainability, regulatory problem, regulatory problem and changing in consumption trend and organizing structure. Resource sustainability could be relief by the trading of excessed TAC, The changing in consumption trend can be hedged by further diversify species and market. And decentralization of current structure is expected to optimize Clearwater's efficiency.Clearwater SeafoodsClearwater Seafoods (Clearwater) was founded in 1976 at Bedford, Nova Scotia as a local lobster distributor, and went public as an income trust in mid-2002. Clearwater's business consisted of harvesting, processing and selling a variety of shellfish and groung fish species to the customer around the world. Clearwater's customers were made of retail chains, distributors and corporate restaurants. Institutional customer contributed most of Clearwater's sale; individual customers contributed less than 5% of its sales.Meanwhile, Clearwater was the largest publicly traded shellfish company in North America. Clearwater had twenty-three offshore harvesting vessels and 11 of them were engaged in processing at sea. Moreover, Clearwater also had 7 shore-based processing plants in Atlantic Canada and was working to modernize its fleet and promote offshore processing.Furthermore, Seafood harvesting industry was highly competitive. Clearwater's major competitors are FPI Limited, American Seafoods Group, Eastern Fisheries and Seatrde International and Garbo Lobster Company. FPI limited is Canada based company while the latter four firms are located in American.Canadian seafood harvesting industry has two segments, seasonal inshore and year-round offshore. Seasonal inshore fishery means independent individual carrying out small scale harvesting close to the shore and selling seafood to processors. Clearwater highly focused on year-round offshore and acquire raw materials from independent fishing companies.As the high competitiveness of this industry, in order to make sure the sustainability of the industry, the Department of Fishery and Oceans (DFO) regulated seafood-harvesting industry, and they also issued harvesting licenses and set total allowable catch. Moreover, they also set the quotas for each fishery company.Despite the regulatory restrains Clearwater was facing, the changing consumption trend and exchange rate risk also can have huge impact on Clearwater's sales. Consumption trends indicate that consumers were shifting their demand on low-value seafood...

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