Abstract
The fishing industry plays a crucial role in global food security, economic growth, and cultural traditions. Catches come from rivers, lakes, and seas, with techniques ranging from fly-fishing and baitcasting to trolling and net fishing. Seafood is sold through various channels, both online and offline, to individuals, clubs, and sports groups. The industry has experienced significant growth, with a compound annual growth rate (CAGR) of 7.0%, rising from $656.96 billion in 2023 to $703.06 billion in 2024. It is projected to reach $916.5 billion by 2028 at a CAGR of 6.9%. Key drivers include rising seafood demand, economic reliance, tourism, government regulations, and recreational fishing. Sustainability concerns, climate change effects, eco-certifications, and ethical sourcing further influence industry dynamics. Decision-making in this complex and evolving sector requires systematic evaluation. Fuzzy Multi-Criteria Decision-Making (Fuzzy MCDM) offers a robust approach for assessing various economic, environmental, and social factors under uncertainty. By applying Fuzzy MCDM, stakeholders can optimize resource allocation, prioritize sustainability initiatives, and balance profitability with conservation and regulatory compliance. The industry’s future is shaped by emerging trends such as fishing tourism, smart fishing technologies, personalized gear, and social media influence. Major industry players include Daiwa Corporation, Johnson Outdoors Inc., Pure Fishing Inc., Maruha Nichiro Corporation, Nissui Corporation, and Thai Union Group Public Company Limited. As the market evolves, integrating Fuzzy MCDM can enhance strategic planning, promote sustainability, and drive long-term growth.
Presenters
Ta Chung ChuProfessor, Department of Industrial Management and Information, Southern Taiwan University of Science and Technology, Taiwan Thi Bao Tram Nguyen
Student, PhD, Southern Tainan University of Science and Technology, Tainan, Taiwan
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
GLOBAL FISHERY, FOOD SECURITY, ECONOMIC SUSTAIBABILTY, BIODIVERSITY PROTECTION, FUZZY MCDM
