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Ten key takeaways from the 2024 economic outlook survey, utilizing responses from fishermen, processors, community-supported fishery (CSF) and direct-to-consumer (D2C) business owners:
1 Optimism levels about the US seafood industry have doubled.
2 Processors are more optimistic than ever, with 77% expecting revenue growth.
3 The West Coast Groundfish fishery is seen as having steady or growing in importance.
4 Input costs are expected to rise moderately.
5 Investment plans are growing.
6 Equipment underutilization has decreased.
7 Quota underutilization remains a challenge.
8 Domestic and international competition emerged as significant concerns.
9 Regulatory requirements remain a top challenge.
10 Offshore wind projects are seen less negatively.
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