Navigating Shifts In Marine Biodiversity

Anticipating climate variability can help companies optimize production while protecting biodiversity

Global climate change is causing substantial changes to marine biodiversity and the industries that rely on productive aquatic ecosystems for their operations. Specifically, wild fisheries are experiencing shifting population distributions and migratory patterns, meaning fishing operations often expend more time and capital to locate and reach target species.

Similarly,fishing vesselsmay encounter novel aquatic species in their traditional fishing areas,creating newbusiness uncertainties. While some novel encounters provide opportunities for new markets, others createchallenges with increased bycatch of protected or unwanted species. Combined with disrupted predator-prey relationships and newly applicable or underdeveloped regulations for novel species, companies are finding themselves facing unfamiliar challenges.