Media Release: 13th March 2015
The global cold chain market is expected to grow at 15.94% CAGR over the next 4 years. One of the key factors contributing to this market growth is the increasing need to reduce food waste and increasing inflation across globe. Market has also been witnessing the increasing demand for cold chain logistics in emerging economies. However, high real estate and energy costs could pose a challenge to the growth of this market.
Numerous service providers offer end-to-end cold chain management services such as inventory management, order scheduling, order forecasting, warehousing, and delivery management. Therefore, the increasing provision of end-to-end integrated services by vendors is another trend expected to impact the global cold chain market for next five years.
The market possesses enormous opportunities for the cold chain sector – bridging gaps in appropriate infrastructure development, adoption of energy efficient technologies, moving from mass storage to direct access storage and use of latest equipments. This is the right time for cold supply chain service providers, infrastructure designers, refrigerated vehicle manufacturers, alternate energy experts, shipping and international trade companies, temperature controlling equipment providers and cold chain experts to market, showcase and lay their top products and solutions to the user industry.
With increasing demand of processed food and rising hygiene standards in the ASEAN region it is very important to match up with the international standards of food safety and on time delivery of perishable products. Pharma industry is also seeing lot of uplift in the region.
Events like Asia Cold Chain Show give an opportunity to the industry to explore new avenues and technologies by providing a perfect platform to buyer, seller and users to interact and exchange business opportunities. This kind of trade show brings industry executives, senior management, and operational specialists from cold storage, food manufacturing, processing, warehousing, transportation and distribution companies, as well as representatives from government agencies, investors and suppliers of these industries under one roof.
ACCS shall provide an ideal opportunity for the companies dealing in cold storage, cold supply chain and cold transportation for business growth in the ASEAN region along with the support from leading associations and chamber of commerce.
For more queries, please get in touch with Ms. Nidhi Singh at firstname.lastname@example.org.