Identification of new market opportunities for southern rock lobster exports
The project is required to identify new export markets and find new more profitable niches in existing markets. The industry also must become more market driven and have a better understanding of changes in global supply chains and their impact on the industry, along with a need to obtain a better understanding of customers and the opportunities for product value adding.
The project aligns with the the FRDC Strategic R & D Plan under Program 2 'Industry Development' and sub-title 'Market Development'.
The project also aligns with the southern lobster industry strategic plan in several 'High Priority' areas.
Investment Platform 1 'Profitability' - Action 1 - "Increase sales margin per Kg of lobster through market development and supply chain management"
Investment Platform 3 'Market Planning & Development' - Action 3 - "Conduct market research in selected Asian, North American, and European markets to:
- Identify viable niche market opportunities.
- Identify consumer needs and preferences for fresh and value added lobster products
- Identify cool chain and quality management requirements
- Identify the product and supply capabilities of competitors
- Meet importers, distributors, and food service managers to establish rapport, enhance industry awareness, and discuss value adding opportunities
- Assess new food service and value adding technologies that may be applied to 'Jasus Edwardsii'