Small Pelagic Fish (SPF) exhibit large fluctuations in abundance and distribution in response to environmental variability. To maintain the resilience of fishing communities and develop effective and equitable climate adaptation strategies, improved understanding of how the fishing industry responds to spatio-temporal shifts within and across SPF populations is of critical importance. In this paper, we examine the responses of the fishing industry and resource managers to shifts in SPF availability worldwide and identify the resulting socioeconomic impacts. Leveraging SPF case studies from around the globe, we synthesize and compare the social-ecological linkages and feedbacks mediating how SPF fisheries respond to changes in marine ecosystem structure and function associated with (1) spatial shifts in species distribution and habitat availability, (2) ‘boom and bust’ population dynamics, or (3) changes in fish size and quality. Our case studies illustrate multiple paths towards the resilience of small pelagic fisheries and the fishing industry dependent upon them while emphasizing the need for increased coordination and cooperation across sectors and scales as climate change progresses. Drawing from the lessons offered by historical responses, as environmental variability increases, efforts to increase the flexibility and dynamism of SPF harvest portfolios and management strategies, licensing regimes, and international catch and allocation agreements may be required to ensure resource sustainability and human well-being.