Supply Chain Roundtable

Global Squid

Read the Squid Sector Sustainability Update 2021.

The Global Squid Supply Chain Roundtable (GS SR) focuses on engaging supply chains and local producers to develop and implement improvement initiatives toward long-term sustainability of squid in domestic and international markets. The SR is composed of European and North American importers and buyers of squid from Asia-Pacific and South American squid fisheries.

 

The top squid producing regions include South America (Peru, Chile, Argentina) and Asia (China, South Korea, Japan, Indonesia). The jumbo flying squid (Dosidicus gigas), the Argentine shortfin squid (Illex argentinus), and the Japanese flying squid (Todarodes pacificus) are the three most important squid fisheries in the world, accounting for about 50-60 percent of global production.

Progress toward sustainability in these three squid fisheries is mainly limited by the deficiency of fisheries assessment, management, and enforcement by national regulators, as well as the lack of control over distant-water fleets by regional management bodies, resulting in illegal, unreported, and unregulated (IUU) fishing.

The main strategic priorities for improvement in squid fisheries include reducing illegal fishing, ensuring better fishery management in both international and national waters, achieving better formal recognition for fishers, and achieving greater transparency and traceability in the supply chain.

See a list of all SR members.

Sector Snapshot

6 Active Squid FIPs

28 Roundtable Participating Companies

1 MSC-Certified Squid Fisheries

19.5 % Global Squid Production Improving

Q3 2022 Update:

  • Two new companies have signed the public statement: Grupo Profand and Quirch Foods.
  • The group is working to consolidate the governance model and is defining a 2025 strategy that aims to reinforce traceability and transparency in squid global supply chains.
  • The first jumbo flying squid stock assessment was presented during the tenth meeting of the SPRFMO Scientific Committee (SC10), hosted by the Republic of Korea, in Seoul, from September 26-30, 2022. According to the report, the stock is not overfished and overfishing is not occurring. Nevertheless, it is key to implement further conservation measures to ensure the sustainability of the stock in the long term. The 11th Meeting of the SPRFMO Commission (COMM11) will be held in Manta, Ecuador, February 13-17, 2023. 
  • The formalization process for the Peruvian JFS fleet is progressing, and a recently updated report is available at pescaformal.pe
  • Stakeholders in the Argentine shortfin squid FIP are planning a stakeholder meeting to update the status of the Fishery Progress profile to Active FIP. 
  • SFP and SR participating companies attended Seafood Expo Asia in Singapore in September. At the show, we saw that there is growing interest from Asian companies in joining fisheries improvement efforts and interest in joining the Global Squid SR to address and prevent IUU fishing and human rights abuses in squid fisheries. 
  • Beginning in December, Japan will implement new import regulations for specific sectors, and squid is one of the targeted species.

Preventing Illegal, Unregulated, and Unreported (IUU) Fishing

With rising concerns about IUU fishing and human rights issues affecting global squid sourcing, the GS SR is now adopting a new strategy, focused on addressing the main risks associated with squid fisheries. This new focus has evolved from the Squid IUU Prevention Working Group, which was formed by some members of the SR in July 2021, with a commitment to address IUU fishing.

By the end of 2022, the companies in the GS SR will adopt new purchasing policies or strengthen current ones to incentivize sourcing from legal producers, and ban imports of IUU squid products. The companies will also establish a governance and funding mechanism for the group, adopt a plan to address social responsibility issues, and engage regulators and other actors to commit resources to improve squid management and eliminate IUU fishing. The full commitment is here.

With this new focus, SR participants commit to work together toward:

  • Environmentally responsible sourcing of squid
  • Squid traceability and transparency
  • Socially responsible supply chains
  • Calls to action for governments and regulators.

Public Statement on Squid IUU Issues in Global Supply Chains

 

SR Participation Requirements

  • Any company interested in participating in the GS SR must apply via email to the current SFP GS SR lead.
  • Participants are required to sign a non-disclosure agreement (NDA).
  • Companies will publicly endorse and recognize the Public Statement on Squid IUU Issues in Global Supply Chains, and will participate in activities and initiatives to address the challenges identified.
  • Participants are encouraged to attend regular meetings, and are required to collaborate with SFP and experts whenever needed.
  • Each company is expected to make an initial contribution of USD 3,000.

Library of IUU Resources

This revised SR strategy is based on a thorough review of evidence about IUU fishing, published over the last several years. For original sources and more information on IUU fishing, please visit our IUU Squid Fishing Resource Library.

 

Activity & Workplan

SR Objectives

  • Combat illegal, unreported, and unregulated (IUU) fishing in squid fisheries globally, and thwart human rights abuses throughout squid supply chains.
  • Support CAPECAL and the implementation of the workplan of the Peru jumbo flying squid – jig FIP and the formalization process of the Peruvian fleet.
  • Support CALAMASUR and ask the SPRFMO to adopt new CMMs in the region.
  • Support improvement efforts and ensure that the Argentine shortfin squid FIP within Argentinian EEZ waters becomes active on FisheryProgress.org.
  • Ensure all published FIPs receive an A-C SFP FIP progress rating.

Action Recommendations for Suppliers

  • Undertake efforts to eliminate IUU fishing practices by distant-water fleets. Efforts may include piloting traceability systems, advocating for stronger regional and domestic enforcement and policy changes, participating in the SR’s IUU prevention working group, and piloting other supply chain approaches to ensure legal fishing practices in sourcing.
  • Work with supply chains to initiate FIPs in fisheries where improvements are needed, and ensure sourcing from actively engaged supply chains.
  • When sourcing from squid fisheries that are managed under seasonal closures, SR participants should ensure suppliers implement no-purchase policies during fishing moratoriums.
  • Exported squid products from the region are often sourced from a mix of various squid fisheries, so importers and buyers should ensure that their suppliers can identify the individual source fisheries.
  • Reach out to other supply chain companies to encourage their participation and engagement in the SR.
  • Publicly support SPRFMO’s effort to develop a stock assessment methodology that is applicable to all jumbo flying squid fisheries within the South Pacific.
  • Promote and sponsor the update and development of squid fisheries assessments.

Join This Roundtable

To join this Supply Chain Roundtable or for more information, please contact Carmen Gonzalez Valles or call SFP at 1-808-726-2582.