Planet Shrimp Essay

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Recommendation Working with upscale specialty restaurants would be the best strategy for Planet Shrimp at its current level of production. Again, since Planet Shrimp is a new and growing company, its primary goal is working towards its strategic vision, so the alignment with strategic vision is rated the most highly. Restaurants with existing passion for sustainability and local fare is strongly aligned with Planet Shrimp’s strategic vision and will leverage the brand reputation. It will be the most feasible and cost-effective strategy because there are fewer locations. There are already several restaurants in Toronto that are interested in sourcing shrimp locally and sustainably (Appendix E) Planet Shrimp should supply these restaurants especially …show more content…

These foodservice chains are not likely to support and pay for higher quality shrimp that may eat into their margins simply. With a larger network of locations, especially in different provinces, it would be difficult for chains to source from Planet Shrimp because they likely operate by economies of scale (sourcing all seafood from one or two suppliers). Despite how some foodservice chains like Earls are practicing sustainability, sustainability is not their main unique selling point. By including Planet Shrimp on these menus, it may weaken their brand message. By focusing on smaller specialty restaurants, Planet Shrimp can ensure measured but steady …show more content…

This gives them an extra sense of credibility because they are acknowledging not only the environmental elements of sustainability in being chemical and waste-free in their production process but also the social and economic elements in contributing to the local economy. Examples include partnering with the ‘Feast On’ program that recognize businesses and purveyors committed to ensuring local Ontario fare in restaurants. By becoming a program partner, Planet Shrimp could be listed on their website as a “Preferred Purveyor”, which would leverage the brand significantly free of charge (Podgorski, 2016). Ocean Wise is also partnered with ‘Feast On’. This step should not take very long as there are a select few players in the market which align to Planet Shrimp’s values of locally-sourced and sustainable, clean

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