Integrated Services to Propel Refrigerated Warehouse Market to 2020
Other driving forces include rise in trade of frozen food and seafood products, need to reduce food waste
LONDON — The global refrigerated warehouse market is projected to record a compound annual growth rate (CAGR) of more than 14 percent to 2020, driven by the rise of end-to-end integrated services, according to the latest research report released by Technavio.
“Several cold chain service providers have recently started to offer end-to-end integrated services to end-users in the global refrigerated warehousing market. They are providing cold chain management services to customers and participating in their decision-making processes. Many service providers offer end-to-end cold chain management services like inventory management, order scheduling, order forecasting, warehousing, and delivery management,” said Jhansi Mary, one of Technavio’s lead industry analysts for warehousing and storage.