Globalization, the increase in demand for perishable goods, and the desire to preserve the effectiveness of temperature-sensitive products have contributed to the expansion of cold chains. With the advancement of technology, there have been many improvements to the cold chain through several innovations. Modern insulation materials, refrigeration systems, and temperature control technology have made cold storage facilities more energy-efficient. It is possible to optimize logistics routes, assess risk, and perform predictive maintenance using IoT data processed with advanced analytics and artificial intelligence. Energy efficiency and eco-friendliness are crucial to minimizing the environmental impact of refrigeration systems.
Global cold chain revenues reached $233.2 billion in 2022 and are expected to grow at an annualized rate of 18.6 percent between 2023 and 2030. E-commerce sales and changes in consumer preferences will drive the growth of the market. Cold chain solutions are in high demand in developing economies due to the increase in organized retail stores. Investments in the cold chain and government initiatives will stimulate food waste reduction. The cold chain market may see significant growth opportunities as RFID and automation are adopted more widely.
This edition of Logistics and Transportation Review brings recent advancements in cold chains, including the improvement of packing, sorting, and palletizing tasks within cold storage and distribution facilities as a result of automation.
It features a thought leadership article from Bob O'Donnell, Global Head of Lead Logistics and Cold Chain Logistics Growth at A.P. Moller - Maersk, who sheds light on rising food prices and a changing climate, which are driving more and more investment into cold chain logistics. It also features an article from Johnny Ivanyi, Global Head of Logistics Operational Excellence at Bayer, who talks about managing change effectively by aligning global elements with agile execution.
This edition spotlights Sumisho Global Logistics, which offers boutique services with a personal touch, primarily catering to small and medium-sized companies.
This edition features the Top Cold Chain Companies 2023; we hope you find the right partner to meet your business needs. Let us know your thoughts!
