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53 views

Task 6 Davids Part

Uploaded by

api-239156349
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Task 6

3.

$250 $200 $150 $100 $50 $0 2007

Agriculture Demand Growth for Seafood Consumption


Monetary Growth

$Billions

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

4. Average Growth Median Range First Quartile Third Quartile $194 $194 $42.21 182.185519 206.505648

5. As we can see from the Agriculture Demand graph and the statistics generated for it that over the coming decade we can expect to see continuous growth in the world industry at a rate of about 1.684729%v per year. We calculated this statistic by taking the expected value of the seafood in 2050 divided by the recorded value of the seafood industry in 2007. This tells us that by all expectations this industry is only going to expand in the future into the hundreds of trillions of dollars. If our business can even capture a small percentage of this we will hopefully be able to experience yearly growth in both our business and in profits.

2020

Freight Time
40 35 30 Decimal Hours 25 20 15 10 5 0 Perth to Melbour ne 6.5 Perth to Sydney 7.03 Perth to London 14.25 Perth to Tokyo 24.53 Perth to Los Angeles 25.53 Perth to ShangHai 34.03 Perth to Hong Kong 35.75

Freight Time

4. Average freight Range 21.1 29.25

5. As you can see from the Freight Time graph there is quite a substantial difference in domestic and international shipping. Because we are a live exportation business freight time is a very important factor especially when the freight time to our largest potential customers is the highest. For the purpose of the graph we were required to convert the freight times to decimals but they provide an accurate representation. With an average freight of 21.1 Hours we will be required to invest properly in the carriers for the lobsters so that there are no mortalities in transit. While looking at these figures it may be wise to re-evaluate how quickly Aqua Farms get into the international market.

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