The Alaskan earthquake is giving the Food Institute offices a chance to peek into the past.
A magnitude 7.0 earthquake shook Alaska Nov. 30, and since, more than 1,000 aftershocks have rippled through the state. The majority of the aftershocks were measured at magnitude 2.5 or less, with 350 higher than 2.5 and just about a dozen higher than 4.5. The quake's epicenter was eight miles north of Anchorage, and no deaths or injuries were caused by the quake, reported The Weather Channel (Dec. 3).
Although resulting in no deaths or injuries, major infrastructure damage was reported following the earthquake. The Anchorage Daily News quoted state seismologist Mike West calling the quake the most significant since 1964. Mr. West reiterated reports of the destruction, saying, "I'm not aware of large-scale building collapses, but I think it's safe to say there are thousands of homes and businesses and buildings that were damaged in some fashion, be it a deck that slid downhill, a cracked foundation, a gas line disconnected from the house."
It will clearly take some time for these Alaskan communities to get back on their feet, but compared to the 1964 earthquake, it seems Alaska may have dodged a bullet. The supply chain of food to the Port of Anchorage was not disrupted by the recent earthquake, and ships remain on schedule at the port, where about 90% of all goods sold in Alaska are delivered, reported Fresno Bee (Dec. 2).
This was not the case in 1964.
One of the perks of working for a company with nearly a century of history is having the opportunity to peek into the past, sometimes with proprietary reporting. In the April 4, 1964 edition of the Weekly Digest of Food Markets, Food Institute reporter Herb Hirsch noted that Alaska anticipated a small, expensive Alaskan salmon packout due the 1964 earthquake. Additionally, it included an "Immediate Reactions" section:
"'Reports still incomplete but indications are that Central Alaska plants suffered heavy damage. Especially hard hit were King crab canneries, as well as salmon and crab fishing vessels. It is expected that Pink salmon and King crab production in this important area will be seriously affected. A substantial portion of the crab pack is produced at the city of Kodiak, which was badly damaged by the tidal wave following the quake.' - Large packer."
History is often a sobering teacher. We here at the Food Institute will be watching the area closely as it relates to seafood harvests, and join the rest of the world in wishing the region a quick recovery and offering our thanks that no one was hurt.
In The Food Institute's recent webinar "Achieving a self-sustaining business model: Top 3 trends companies need to think about post-COVID-19," Greg Wank, CPA, CGMA, partner and leader of Anchin's food and beverage group, as well as David Eben founder and CEO of Carrington Farms,...read more
Chris is a business writer and market analyst that focuses on the Markets, Legal and Washington sections of the Food Institute Report. In addition, he assists in compiling data for various Food Institute publications throughout the year. He invites you to contact him via email at email@example.com to talk about anything food-related.
There are no comments, yet. Why don't you add one?
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."