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Portraying the Bangladesh Shrimp Industry: A SWOT Analysis
The Bangladesh shrimp industry plays a vital role in the country’s economy by exhibiting a complex interplay of strengths, weaknesses, opportunities, and threats. A significant strength is the extensive coastal region which provides a natural habitat conducive to shrimp cultivation. It gains a competitive edge globally with a skilled workforce and low production costs. The industry benefits from geographical indication certification, accredited labs, upgraded facilities, and financial support, highlighting its robust strengths. However, intrinsic weaknesses such as inadequate infrastructure, limited technological integration, and susceptibility to disease outbreaks impede its full potential. To amplify its reach, the industry should consider adopting advanced aquaculture methods, expanding its value-added goods, optimizing supply chains, and acquiring international certifications. However, the industry faces challenges owing to climate-induced disruptions, diseases, trade barriers, and market fluctuations. By investing comprehensively in infrastructure, technology, disease control, and regulatory compliance, Bangladesh’s shrimp industry can solidify its position as a robust, ethical, and competitive player in the global seafood market.
Portraying the Bangladesh Shrimp Industry: A SWOT Analysis
The Bangladesh shrimp industry plays a vital role in the country’s economy by exhibiting a complex interplay of strengths, weaknesses, opportunities, and threats. A significant strength is the extensive coastal region which provides a natural habitat conducive to shrimp cultivation. It gains a competitive edge globally with a skilled workforce and low production costs. The industry benefits from geographical indication certification, accredited labs, upgraded facilities, and financial support, highlighting its robust strengths. However, intrinsic weaknesses such as inadequate infrastructure, limited technological integration, and susceptibility to disease outbreaks impede its full potential. To amplify its reach, the industry should consider adopting advanced aquaculture methods, expanding its value-added goods, optimizing supply chains, and acquiring international certifications. However, the industry faces challenges owing to climate-induced disruptions, diseases, trade barriers, and market fluctuations. By investing comprehensively in infrastructure, technology, disease control, and regulatory compliance, Bangladesh’s shrimp industry can solidify its position as a robust, ethical, and competitive player in the global seafood market.
Portraying the Bangladesh Shrimp Industry: A SWOT Analysis
S M Nazmul Alam (author)
2024
Article (Journal)
Electronic Resource
Unknown
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