Glossary

INDUSTRY TERMS

SEAFOOD

Seafood is a broader term that encompasses all types of edible aquatic animals, both vertebrates and invertebrates, whether they have shells or not. Seafood includes not only shellfish but also fish (such as salmon, tuna, and cod), as well as other marine creatures like cephalopods (such as squid and octopus) and sea turtles. Seafood is a more inclusive term that covers a wider range of aquatic animals used for human consumption.

INDUSTRY TERMS

SUPPLY CHAIN

The network of activities and processes involved in the production, distribution, and sale of shrimp, from its origin to the end consumer. Aquaculture biotechnology: Application of biotechnological tools and techniques to improve the reproduction, genetics, and health of shrimp in aquaculture.

INDUSTRY TERMS

SUPPLY CHAIN COORDINATION

Collaboration among different actors in the shrimp supply chain, such as producers, distributors, and retailers, to optimize efficiency and meet market demand.

INDUSTRY TERMS

TRADE FINANCING

Financial services and products specifically designed to support and facilitate international trade, such as export credit, trade finance facilities, and export insurance.

INDUSTRY TERMS

TRADING COMPANY

A company engaged in buying and selling goods internationally, often acting as an intermediary between buyers and sellers in different countries.

INDUSTRY TERMS

TRAWL

Type of fishing net that is dragged along the bottom of the sea to catch wild shrimp.

INDUSTRY TERMS

WHOLESALERS

Are businesses that operate as intermediaries between manufacturers or suppliers and retailers. They purchase goods in large quantities from manufacturers or suppliers at discounted prices and then sell those goods in smaller quantities to retailers or other businesses. Wholesalers play a crucial role in the supply chain by facilitating the distribution of goods from producers to retailers or other end-users.

Wholesalers play a vital role in the distribution and availability of goods, bridging the gap between manufacturers and retailers while providing value-added services to both parties.

INDUSTRY TERMS

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