How Does AquaHarvest Really Help the World? – Video Transcript
In terms of social good and social impact, we have offers to develop in other parts of the world. We have an obligation both to ourselves and the success of the company to establish ourselves first in the US before we become too spread too thin, too many projects in too many locations. We have visions for things that we’d like to do in some of the hardest hit parts of the world. But for the most part, we’re focusing on—our markets are largely outside of the major metro markets. So, we look for areas that are socially or economically disadvantaged. From the impact side the triple bottom line perspective you’re helping supply jobs to the local community. We use local distributors. So we’re not processing it, we’ll have local processors, local distributors. Again it helps to stimulate the local economy and mitigate that economic leakage, particularly when we’re thinking about 91% is imported in seafood.
There’s an educational aspect and that goes beyond being a fish farm, it’s just something that doesn’t really cost much and we see it is a long-term benefit. If you wanna flip it around and give it a value-add from an investment perspective, it’s about developing our brand, and so—doing talks at the schools—and we’ve already done some—talking about sustainability, interpretive tours of the farm and people understanding how food really grows and what’s better and what’s not. There’s an educational component, and the product, in essence, the product is fresher, it tastes better, it’s healthier for you, and for our buyers, it costs them less, there’s less shrinkage. For example, a particular species that we are growing in Florida, it gets here into Miami, it comes here four to five days old, almost half its shelf life—gone. There is a lot of shrinkage, a lot of loss and stuff thrown away. So I think the benefits that we see are social on the economic side, on the educational side. The fact that we are gonna be supplying more fish, land-based fish, grown in the USA and not harvested out in the ocean, by default, is the best way to protect the ocean’s fisheries.