TechNavio recognizes the following companies as the key players in the Global Cold Chain Market: AmeriCold Logistics LLC, Millard Refrigerated Services Inc., Preferred Freezer Services LLC, Swire Cold Storage Pty Ltd., and Tribona ASA
Commenting on the report, an analyst from TechNavio’s team said: “Several cold chain service providers have recently started to offer end-to-end integrated services to the end-users in the Global Cold Chain market. They are currently providing cold chain management services to the customers and participating in their decision-making processes. Numerous service providers offer end-to-end cold chain management services such as inventory management, order scheduling, order forecasting, warehousing, and delivery management. Disaster recovery services are also offered by vendors, which will enable customers to track consignments and help them communicate with the entire supply chain. Some vendors are also providing training sessions for everyone involved in the cold chain. Therefore, the increasing provision of end-to-end integrated services by vendors is another trend that is expected to impact the Global Cold Chain market during the forecast period.”
According to the report, one of the main drivers in this market is the increasing need to reduce food wastage. In 2012, more than 800 million people across the globe were reported to be starving. However, approximately one-third of the food produced globally each year is wasted. The high global population is also increasing the demand for food products. This has led to increased demand for cold chains for food preservation purposes, and this demand is expected to increase in the future.
Further, the report states that one of the major challenges hindering the growth of the market is the high cost of real estate and energy. The increase in interbank exchange rates and the increase in the purchase of treasury bills have increased the value of real estate. This, in turn, has increased the rental and purchase price of warehouses. The increasing competition among the vendors and the increasing demand for cold chains has exerted additional pressure on the vendors to expand their logistics facilities, which is difficult with the increasing real estate prices. Similarly, the increase in energy costs has increased the operational costs of the vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-cold-chain-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Cold Chain Market 2014-2018
