Introduction:

The seafood company was founded in 1976, the company exports seafood and is located in Bedford Canada. The company went public in 2002, and originates as an income trust. They have formed as trust to support the growth strategy. The company is the largest shellfish exporter to North America and retains the offshore rights for harvesting some of the species in Atlanta Canada. The revenues of the company have shown impressive trends, the revenues exceed from 300 million Canadian dollars and most of them was from foreign exchange gains and transferring as a net effect of the currency gains. The company has maintained strong name and earned fame due to the use of innovative technology, vertically integrated operations and strong customer base of the respective shell fish in which the company has created monopoly over the years.However, after the appreciation of Canadian dollar, the strategy of the company behaves adversely, company has incurred numerous losses and also the distribution patterns of the firm got affected. The appreciation of the currency became the problem that needs tobe solved at any cost to increase the value of the company and to decrease the risk of currency loses. According to the facts, the problems of the company and the respective risks will be analyzed and the solutions will be suggested accordingly.

Clearwater Seafood Harvard Case Solution & Analysis'

Question number 1:

What are the sources of the problem faced by Wight?

The sources of problems:

Wight is facing variety of problems in managing the company operations and determining suitable business strategy, for improving the currency behavior and to manage the foreign currency fluctuations. Wight has to make conscious efforts to take the appropriate decision considering the short term and the long term goals of the company. The vast majority of the company’s investors are interested to take short term decisions and to rescue the problems with the tools that could solve the problems and maintain the profitability, however the former investors and the unit holders of the company are very much considerate of the fact that the problems should be solved rationally to appreciate the declining value of their units and making acredible strategy that would ultimately solve the cash flow problems and would work in the direction of long term viability of the company.

The following are the main problems that are faced by the company, and the matters on which Wight has to take appropriate decisions and make suitable strategies to find out the solutions of the following problems that the company is facing:

Foreign currency problems:

Clearwater seafood is facing the foreign exchange risks, that is the first and the main concern of the company. The appreciation of the Canadian dollar  made them to sustain currency losses, because the payments received by the company from all over the world is in different currency, and the appreciation of the Canadian dollar has brought negative impact in the profitability and hedges gains, as the company like seawater relies on exports in a greater extent. The type of foreign exchange risks faced by the company ..........

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