Lobster Industry Needs to Think Strategically ; Having a Single Entity Guide the Industry's Business Future Could Cost Up to $10 Million a Year but Yield As Much As $50 Million.

Summary

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Following a drastic crash in the price of lobsters last fall, The Moseley Group was hired by the Governor's Task Force on the Economic Sustainability of Maine's Lobster Industry to conduct a diagnostic analysis of the industry and develop a strategic plan.

In order to understand what's fueling (or obstructing) the industry's economic engine, you must first consider the market forces that affect relationships among lobstermen, dealers, processors, restaurants, grocery stores and consumers, because these market forces are what determine profitability.

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Extract

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Lobster Industry Needs to Think Strategically ; Having a Single Entity Guide the Industry's Business Future Could Cost Up to $10 Million a Year but Yield As Much As $50 Million.

And the myriad relationships among industry constituents are far more complex than described in the recent Maine Sunday Telegram articles ("Lobstermen take on new role: Salesmen";...

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