The global cold chain market is expanding. Valued at nearly $210.49 billion in 2020, it is expected to reach $628.26 billion by 2028, growing at a rate of 14.8%. (ref) In the past few years, the world of supply chain management has seen an explosion of cutting-edge technologies and practices to streamline operations and enhance efficiency. The implications of these developments are far-reaching and have changed the way we manage warehousing.
Cold Supply Chain in ASEAN
As discussed in the previous blogs in the series, the demand for frozen food and hence, an efficient cold chain, is ever increasing in ASEAN, especially in the post COVID-19 pandemic environment.
However, the region also faces high generation of food waste due to issues that negatively impact the supply chain system like poor local water and energy conditions, higher temperatures leading to faster spoilage of food, shortage of raw materials, scarcity of skilled labour and improper infrastructure.
In addition, businesses are also facing challenges with rising cost of land, energy, and increasing demand of customers for faster and more efficient order fulfillment. To stay competitive, businesses are increasingly opting for automated warehouses to help overcome these issues.
Automated Warehousing - Making Smart Cold Chain with Körber