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The international shrimp business skilled one of the worst years it has weathered in over a decade in 2023, affected by heavy oversupply, low costs, and weak demand.
As international shrimp corporations search for the sunshine on the finish of the tunnel, Laitram Machinery Marketing Director Karen Quaas informed SeafoodSource the corporate’s deal with effectivity might be a boon for corporations trying to get better as many cents on the pound as doable. The Hanrahan, Louisiana, U.S.A.-based know-how producer showcased a number of efficiency-minded merchandise throughout Seafood Expo North America (SENA), which came about 10 to 12 March in Boston, Massachusetts, U.S.A. – and hinted at new know-how within the works.
“The industry is struggling, so getting those extra cents on the pound is going to be really valuable moving forward; cash flow is going to be a key indicator as to how shrimp companies are performing this year,” Quaas stated. “Even when times are low, customers seek out our products because it’s an investment.”
Those merchandise embrace shrimp-peeling tools that make the most of SMART Solutions know-how, which might scan shrimp in a delegated group and use laser-imaging and pc algorithms to examine, grade, and type at a charge of greater than 45 shrimp per second.
Another level of emphasis for Laitram was its latest acquisition of Grindavik, Iceland-based Martak’s shrimp-peeling enterprise, which Laitram introduced on 8 March – two days earlier than SENA started.
The transfer, which sees Laitram taking management over all belongings associated to Martak’s shrimp-peeling enterprise line, primarily focuses on shrimp manufacturing in Ecuador, the place Laitram has a number of sorting operations. Quaas additionally stated it gives the corporate with leverage to proceed enhancing its shrimp-processing know-how.
“With this acquisition, we get to share knowledge, conduct strategy sessions, and announce to our customers, primarily in Ecuador, that we’re a common force,” Quaas said.
Besides meeting with Ecuadorian partners, SENA also provided the Laitram corporation as a whole to showcase another one of its divisions: Prime Shrimp.
New Orleans, Louisiana, U.S.A.-based Prime Shrimp represents Laitram’s first launch of a consumer-packaged product. Three new flavors of Prime Shrimp’s cook-in-bag, convenience-focused shrimp products were featured in SENA’s New Product Showcase, including New Orleans Style BBQ, Garlic Herb Butter, and Soy Ginger, the latter of which is a pointed effort at targeting growing Asian-influenced retail food demand.
All of Prime Shrimp’s products use Laitram Machinery’s proprietary SMART technology, Prime Shrimp Marketing and Communications Coordinator Grace Dearnley confirmed.
Dearnley also said that, as a relatively new company, the education and early-stage networking Prime Shrimp gained at this year’s SENA were important.
“One thing we’re focused on is learning and seeing what the seafood industry has to offer,” she stated. “We’re still in the early stages of just showing off what we have, establishing B2B relationships, meeting seafood buyers, and trying to get into retail locations.”
Looking ahead, Quaas teased …
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