JULYASIA BUSINESS OUTLOOK4 Vol 01 · Issue 2 - 1 · JULY , 2022 Publisher Alok Chaturvedi Managing Editor Emmanuel Chiristi Das Editorial Avinash Barik Heena Kousar Hima P M Samatha SP Manager - DesignPrabhu Dutta A.R.N RayEditorial queries editor@asiabusinessoutlook.comSales Team Harold Vinson Ezekiah S. EdwardGopalkrishna Sharan To subscribeVisit www.asiabusinessoutlook.com/subscribe/ or send emailto subscription@asiabusinessoutlook.comCover price is $50 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 Siliconmedia Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Souvik Acharya Asokan LeoVP - Sales & Marketing Nagendra Kumar KCirculation Manager P MagendranEditorialThe seafood sector is essential to feeding billions of people worldwide. Additionally, it is a huge economic driver because, according to the United Nations, 820 million people depend on fishing and aquaculture for their livelihoods globally. The export of seafood is a rapidly expanding sector in India. The Seafood Exporters Association of India said that the country exported seafood worth $8 billion in 2021, an increase of $1 billion over 2022. India's seafood industry is eager to reach the export goal set by the Center Government despite a recurrent lack of shipping containers and high freight costs. The amazing progress made by the world's businesses toward digital technology has been the COVID pandemic's silver lining. The global trend is not in any way unrelated to the fish business. In reality, the development of digital technology has given many aquaculture suppliers and fishermen around the world access to new markets.Digital technology is now helping the fishing sector modernise long-standing traditions, which is leading to a massive increase in profit and the adoption of best practises. Data is the new oil of modern industry, and this phrase holds true for the seafood industry as well. Data achieved from the fishery industry can be used to monitor the trends in the market such as trades, prices and consumption. In the seafood industry, there are now digital platforms that are aiding the businesses to analyse and aggregate big data, such as production, trade, and movement of prices. These prices can be consequently used for predictive analysis to generate a broad understanding of the future trends. The marine food business is currently very concerned about sustainability, and all stakeholders, from the government to the public, are calling for total traceability. Businesses today frequently 'over-exploit' and 'under-exploit', which results in lost opportunities and unexpected hurdles, but the sustainable seafood system frequently does the opposite, focusing more on innovation development than adoption.Emmanuel Christi DasManaging Editoreditor@asiabusinessoutlook.comSeafood Industry looking into a total Overhaul
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