Our scientists develop develop various industrial strategies in the seafood sector.
Our scientists develop develop various industrial strategies in the seafood sector. Photo: Frank Gregersen/Nofima

Industrial economics

We survey and analyse businesses and industries in the fisheries and aquaculture sector to explain developments in profitability, production and structures. These insights help the authorities to develop better framework conditions and business stakeholders to make good strategic choices.

We offer

  • Business economic analyses
  • Business strategy development
  • Value chain analyses
  • Providing advice on strategy selection and success criteria
  • Providing advice on how authorities can develop regulatory measures for helping businesses and industries to increase profitability and improve their competitive position
  • Assessments of public instruments
  • Providing advice on coastal zone management
  • Providing advice on market-based harvesting of wild populations
  • Developing traceability systems

Some achievements

  • Knowledge of how wild resources can be managed to increase the societal benefits from the coastal zone and wild fishing resources
  • Knowledge of how optimizing business organizations and information flows can contribute to increased value creation in the seafood sector
  • Knowledge of how businesses and the various sectors of the seafood industry can increase their profitability and global competitiveness
  • Developing a decision support system for management of the coastal zone and fish populations
  • Developing a decision support system for businesses in the seafood industry

Norway manages vast and important fish populations, and our long coastline is well suited to fish farming. The result is that seafood has become one of our main export products. We have knowledge about how fish farming and fisheries can be developed without damaging the environmental basis they are founded on. Such knowledge helps to secure the long-term competitiveness of the industry and contributes to the production of good and healthy seafood, profitable businesses and good and safe jobs.

Profitability analyses

For many years we have been developing a unique database of accounting data from companies in the seafood sector. These data form the basis for analyses and the development of economic models to explain the developments in various parts of the Norwegian seafood sector.

These models, and the knowledge generated in connection with this database, are useful in our work to build strategies for increasing profitability and competitiveness – for businesses, industries and governments.

Information Logistics

The seafood sector is complex, with several value chains that are organised in different ways. Cooperation across the value chain is important to exploit the market potential of the fish populations in an appropriate manner and avoid wasting valuable and scarce biological resources. This is particularly demanding in value chains with many intermediate markets. Nofima is closely following how the value chains are being organised, and how information is being exchanged between the various levels of the value chain.

Insights on the flow of raw materials and ingredients between these various levels are particularly important in the seafood sector in order to provide the customers with correct information about the origin of and logistics surrounding the raw materials. Nofima is mapping what types of information the various stakeholders need, and which systems can help contribute to a clear and efficient flow of information. Among other things, the authorities request information in order to verify that the catch and production activities are carried out in accordance with the applicable regulations at any given time.

Ripple effect analyses

The seafood industry plays an important role in community development – on both a local, regional and national level. Based on the accounting data of companies from different levels of the value chain, we have developed a unique model for ripple effect analyses in the seafood industry.

The model is a useful tool for understanding how each individual company contributes to social developments locally, regionally and nationally. At the same time, the model provides us with precise answers to how the individual levels of the value chain and the many products created contribute to these social developments. Such knowledge provides increased awareness and documentation of the significance the industry and companies have for the local communities and sub-suppliers.

Coastal zone planning

An important success criterion for Norway as a seafood nation is to utilize the coastal zone in a sustainable way. There is great need for knowledge about coastal zone management, as conflict often arises between different stakeholders. Nofima is mapping the stakeholders that are operating in the coastal zone and what impact their activities have on a local, regional and national level.

We as a society must seek to avoid conflicts through appropriate facilitation for the use of the coastal zone. Nofima contributes with in-depth knowledge of coexistence in the coastal zone, which issues are causing conflict, and what the consequences are. If such conflicts cannot be avoided, we need knowledge on a societal level in order to prioritize between different interest groups. This means that there is a great demand for knowledge about the societal benefits associated with the various activities in the coastal zone. Nofima provides analyses that can help us prioritize between different competing activities in the coastal zone.

Assessments of public instruments

Public authorities regulate the various players in the seafood industry. The purpose of such regulations is primarily to protect marine populations and ecosystems, and to facilitate improved societal benefits and value creation.

To improve and develop the public instruments used in this regard, it is important to measure the actual effects they have. Nofima’s in-depth knowledge of profitability developments and ripple effects in various parts of the seafood industry means that Nofima has long traditions for assessing whether, and to what extent, the objectives of the various public instruments are reached.

Read more about:

Creating Value

Some results from scientific projects in industrial economics

Varying profitability

2018

Ingredients made from marine by-products are often held up as a potential gold mine. But what is the financial reality in the industry?

 

Effects of structural policy

2018

Broad knowledge is needed to understand the consequences of the structural changes in the Norwegian fisheries industry at sea and on land.

 

Simulating fishery regimes

2018

How do different fisheries affect the marine ecosystem? A new computer tool simulates the consequences of different management regimes.

 

Losing out on vast sums

2018

Unfished quotas and lack of focus on quality mean the Norwegian haddock industry is losing out on vast sums of money – every year.

 

Knowledge, but no incentive

2018

Eight years of research have provided technological solutions and extensive knowledge about how to ensure top-quality net-caught fish.

 

Setting new international goals

2017

Nofima is aiming to expand its international collaboration. This will also benefit Norwegian trade and industry.

 

See more examples of Creating Value

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