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The Future of Cold Chain Logistics

cold chain logistics

With only a year after the outbreak of the fatal COVID-19 pandemic, scientists were hard at work developing vaccinations to treat the disease. Meanwhile, pharma supply chains were hard at work delivering essential and time-sensitive shipments while the rest of the globe awaited these vaccines. 

COVID-19 vaccinations were made available to the public in a matter of months, thanks in large part to effective cold chain logistics enabled by cutting-edge technological solutions.

Cold chain logistics takes center stage when there is a global health catastrophe, cold chain logistics takes center stage. COVID-19 has shown that the healthcare supply chain is essential to all citizens, not just those who are ill. Here’s what we see of the industry’s future potential.

A Look At The Statistical Data

From 2019 to 2026, the global market of cold chain logistics is expected to grow at a CAGR of 17.9 percent, from $159,988.1 million in 2018 to $585,105.6 million. In 2019, Asia-Pacific held the largest market share of cold chain logistics, which is expected to keep for the foreseeable future. The numbers clearly reflect the immense growth potential for this industry.

Greater Demand for Fresh Foods

Specialty foods are in high demand due to changing dietary habits and the consequent rise in their popularity. As people begin to spend more hours at home, the need for healthier options has grown. Most evidence today suggests that customers will expect more fresh food options in the future, which will place a greater strain on the cold chain. 

Because of the rise in popularity of fresh and organic goods, supermarkets must make sure their perishables are ripe, appealing, and plentiful if they want to remain competitive.

The Cold Chain is Experiencing Mode Shifts

Due to fluctuating fuel prices and globalization, some cold chain firms have shifted from truckload to intermodal or from air to ocean. The truck driver and capacity constraints and environmental initiatives are other significant factors to mode shift. Manufacturers of chilled and frozen goods, on the other hand, must weigh the extra time that these methods may entail against the need to get their products to market quickly.

Despite the fact that air is still the most common mode of transport for pharmaceuticals, some shippers have started using steamships because of the superior tracking and management of containers’ locations and temperatures. 

Combined Efforts Towards Food Loss and Climate Change

Preventing food losses reduces emissions, but improving energy efficiency can yield even more benefits. Refrigeration accounts for 60-70% of the electricity consumed in cold storage facilities. As a result, while growing the cold chain, we must use the most energy-efficient technology and low-GWP refrigerants to minimize our environmental impact. These solutions will be brought to market by the industry.

The use of temperature controls and warnings provided by digital monitoring technologies can also help to ensure proper cooling and early error detection by providing the exact optimal cooling quantity. Food shipments can also be tracked digitally, ensuring that the cold chain route runs well.

The Future of Cold Supply Chain is ˜Warm'

The cold chain industry has already demonstrated its ability to quickly adapt and develop to meet the demands of an increasingly complicated supply chain. Recent trends, growing innovation, and embryonic cold chain technologies will continue to impact the refrigerated and cold chain markets’ ever-changing requirements.