Over my many years in law, real estate, finance and asset monetization I have been a part of numerous debates among colleagues regarding which of the vast complexities associated with starting up a large scale division or branch of a business in Mexico – particularly as an extension of a company based outside the country – is the most daunting.

Dean Hogencamp, seafood product specialist at Hilco Valuation Services joins the Hilco Global Smarter Perspectives Podcast Series to talk about the outlook for the seafood industry based on numerous factors, not the least of which is the significant and ongoing impact of the Coronavirus pandemic on foodservice.

January 18, 2021 – The seasonally adjusted annualized rate of sales (SAAR) for lightduty vehicles topped 16 million vehicles in December for the third month since April, when the industry slumped to a 50-year low. For the full year, light-duty vehicle sales totalled 14.6 million, a decrease of 14% from 2019.

In this article we look at the continued struggles of the seafood industry in foodservice and how some companies which have the capability, have pivoted quickly to meet unprecedented levels of retail demand. We also look at the complex landscape asset-based lenders must navigate to best support their seafood portfolio companies and limit their own downside risk during this crisis period.