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Fisheries committee I feel there's a need for what I would call a market loss or risk mitigation program specifically. Try to be very focused on the concepts that obviously people are losing market position and suffering brand damage, and that there are issues there from the processors to maintain a
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee It's in that magnitude, certainly, yes. The number that I have is 28 million dollars' worth of product. The three big processors lost most of it.
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee That's a worrying thing. Again, what I'm being told is that it will take two to three years to try to put the biomass space back in place, so this is going to take time. It's real, and it hasn't really hit us yet, because obviously the hurricane occurred in September. That would
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee I think that's a very good point. This is the threat that worries everybody: the whole idea that you lose your Prince Edward Island authenticity and the provenance of the product in the North American market. This is what concerns, obviously, our company. It could be devastatin
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee I can't actually answer the total value, but I can speak about our company as an example. If we are reduced in our supply chain this year, the impact is around $4 million in lost sales and revenue associated just with not being able to achieve the usual number of mussels that we'
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee Thank you for the question. I feel that there's not enough attention addressed to the idea of the impacts of Fiona on downstream marketing. There's a lot of attention, obviously, paid to infrastructure rebuilding, but the entire value chain obviously consists of primary resource
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee I feel that the whole world is now being challenged by climate change. You see impacts here in the Atlantic region similar to what would be experienced, I think, over in Europe as well. [Technical difficulty—Editor] impacting situations like Prince Edward Island or the coast of S
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee Is that worse now? Is that better?
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee There is obviously effort under way, Mr. Bragdon, to improve the infrastructure and put it in place, but again, time is an issue here. Winter is coming in Prince Edward Island, and it looks unlikely to me that some of the wharf reconstruction will be done on time. There's $300 m
November 25th, 2022Committee meeting
Dr. Richard Ablett
Fisheries committee Good afternoon, Mr. Chairman and honourable members of the committee. My name is Richard Ablett. I represent Sogelco International, a seafood processing and marketing company operating in Montreal, or based in Montreal, and owning and operating two factory units in the Maritimes
November 25th, 2022Committee meeting
Dr. Richard Ablett