llegal, unreported and unregulated (IUU) fishing represents over 20% of global catch, with losses to the global economy estimated at $10-23.5 billion USD per year. Current practices for assessing IUU fishing risks in seafood supply chains are typically resource-intensive and often lack the vessel-level data and analytical power needed to monitor and meet industry sustainability commitments. The results of these assessments are often limited and do not provide impactful, actionable insights for companies.
The Supply Chain Risk Project (SCRP) aims to enable actionable due diligence through aggregation and automation of multiple data sources. It seeks to provide critical vessel-level information to inform companies’ risk assessment processes that can easily integrate into existing workflows.
The SCRP has been approached in a user-driven way. We first sought to understand key stakeholders’ data capabilities and needs and assess the landscape of available data and analyses for supply chain managers. This work allowed us to develop robust databases and analytical capabilities to be used by companies to effectively identify and action IUU fishing risks.
Through pilot projects, we then tested how data can be delivered to companies and acted upon, based on identified risks or information gaps in their supply chains. The findings from the pilot projects demonstrate that regardless of species, gear, or geographic region, for all supply chains, companies must know their vessels in order to effectively assess the risk of IUU fishing in their supply chains.
Transparency requires collaboration between companies and governments in collecting and publicly sharing supply chain data. These public-private partnerships will further strengthen governments’ and companies’ ability to fight IUU fishing, and facilitate user uptake and feedback to support technology development and data integration capabilities. A key focus going forward for us is to encourage coordinated actions between governments and industry to collect, share, and act on vessel-level data (e.g., tracking data, licenses, authorization information), highlighting the value of transparent supply chain data and driving increased data liberation for stronger risk assessments against IUU fishing.
Are you interested in using the outcomes of the SCRP in your own work?
Friends of Ocean Action
A World Economic Forum Initiative