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Assessing the Value and Role of Seafood Traceability from an Entire Value-Chain Perspective

Report Released on March 16, 2015 — In 2014 VCM International worked with the Global Food Traceability Centre (GFTC) on a year-long project concerning the international seafood industry and seafood traceability.

The purpose of the project was to strengthen the performance of the seafood industry by providing practical research and advice concerning the value of traceability to:

  • reduce waste
  • enhance consumer trust
  • increase business efficiencies

The project examined the impact and effectiveness of traceability as a means for businesses operating along the seafood value chain to adapt to the dramatic changes that are impacting the industry globally.

The final report can be accessed online. An Executive Summary of the report (available on GFTC’s website) can be accessed here.

NEW REPORT — Annual Food Waste in Canada Is $31 Billion!

The new report – Food Waste in Canada – $27 Billion Revisited – Dec 10, 2014 – states that the actual quantifiable figure is $31 billion: a 15% increase from VCMI’s 2010 report estimation.

Five key takeaways from the 2014 report:

  1. Canada’s annual quantifiable food waste cost is $31 billion.
  2. The true cost of food waste in Canada is $107 billion.
    • This is calculated by taking United Nation’s Food and Agricultural Organization’s estimation of the value of food wasted representing only 29 percent of the true cost.
  3. For businesses – the total cost of waste along a value chain can exceed the combined margins of the involved companies.
  4. For consumers – avoidable food waste can increase the cost of food by 10 percent or more.
  5. Through reducing food waste, businesses can reduce operating costs by 15 to 20 percent and increase profitability by the equivalent of 5 to 11 percent.


Ontario Grown Quinoa Project Update

Katan Kitchens and Value Chain Management International have successfully completed the first year of their 30-month project to develop the local Ontario value chain for quinoa.

Quinta Quinoa, Katan’s Ontario-developed quinoa variety, will once again be exhibiting at the Royal Agricultural Winter Fair, presenting as part of the “Northern Ontario” FedNor exhibit from November 12 to 16.

For full details, please click on link: Ontario Quinoa Project Update