Among the many business challenges faced by the cold chain services market, in 2013 the need to reduce operational costs and increase customer service remain a top-priority for the industry. Retailers request from their partners that orders delivered at the right time, and with no damage. |
Here are 2 of the most recent reports that forecast the cold chain industry for the coming years: Cold Chain Market for Food Industry (With a Focus on 3PL Service Providers) By Types (Storage & Transport), Product Types (Chilled & Frozen), Applications (Fruits & Vegetables, Bakery, Dairy & Sea Foods) & Geography: Global Trends & Forecasts to 2017. Published in February, the report defines the global cold chain market with analysis and forecasting of its revenue. It also identifies driving and restraining factors for the global cold chain market with analysis of trends, opportunities, issues, imperatives, and challenges. The market is segmented in 4 major regions such as North America, Europe, Asia-Pacific, and rest of the world (ROW). According to the report, the global cold chain market revenue is expected to reach $157.142 billion by 2017. North America contributed 40% of the total cold chain market revenue and is expected to grow at a CAGR of 12.0% from 2012 to 2017. Global Healthcare Cold Chain Logistics Market Report & Forecast (2012-2017) IMARC Group, one of the world’s leading research firms found that the demand for cold chain logistic services is experiencing explosive growth, due to the strong growth of temperature sensitive healthcare products. According to the survey, the total size of the healthcare cold chain logistic services market is expected to expand to nearly US$ 10.7 billion by 2017. The report provides a comprehensive insight into the logistic opportunities in the global healthcare market.
From both the reports it is clear that companies in the cold chain logistics market are expecting to raise their businesses in 2013, many of them plan to invest in new fleet management technologies and replace old vehicles with more “green” options. Besides vehicles and technology, in 2013, maintaining product availability remains critical for both retailers and product suppliers. But we see a competitive advantage in innovation through technology that will start characterize the cold chain logistics market.
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