Why it might be a good idea to consider a new management system in the aquaculture industry?

As a leader in the aquaculture industry, you already have systems in place to manage the many challenges you face - from strict regulations to complex operational processes. But as regulations tighten, new technologies are introduced, and economic conditions such as taxes and sustainability pressures create uncertainty, it's worth asking the question: Is your current management system keeping pace with developments?

Below we have listed why it can be valuable to consider a new or upgraded management system as a strategic tool for future success.

As you already know, the regulations surrounding the aquaculture industry have become increasingly complex, especially when it comes to sustainability, fish welfare and environmental impact. Does your current system have the capacity to adapt quickly to these changes? Many legacy systems can be inefficient when it comes to monitoring new requirements or integrating more advanced technologies.

New management systems are designed to be flexible, with real-time regulatory updates and easy adaptations to new requirements. This can reduce the risk of non-compliance and ensure you stay ahead of regulatory changes.

Does your current system have the ability to identify new areas for cost reduction? i In 2024, there has been increased pressure from economic conditions, including the proposed resource rent tax. Your current system may provide some financial oversight, but newer management systems offer more powerful tools for financial analysis, risk analysis and cost optimization.

Newer systems integrate data from the entire value chain, from feed to slaughter, and identify potential savings that might go under the radar with an older system. This can be a decisive factor in keeping your business competitive, even with increased costs.

Does your current system have the capacity to grow with your business? As the aquaculture industry evolves, scalability becomes essential. A management system that can't adapt to future growth needs can quickly become a bottleneck for your business. New systems are built with flexibility and scalability in mind, so they can adapt to both today's needs and tomorrow's challenges.

This can be particularly important if you're considering expanding production, moving to new technologies, or scaling up internationally. A new system will be better equipped to handle such changes without major cost increases or downtime.