INTRODUCTION
The world of cold storage management is in a state of constant flux. Technological advancements together with the changing consumer needs are defining the day in the world and for cold storages in India.
Meat 5 billion$
Medical 122 billion$
Besides bringing you the ice cream, cold supply chains are very useful in the medical, meat, dairy, fresh & frozen Food industry. For instance the supply chain for meat and medical alone stands at $5 Billion and $122 Billion respectively. Expected to grow further, cold chains are great at saving quality of your products for you. Consider the following nature of cold chain management and application before introducing cold chains to your business solutions.
GOING GLOBAL
It is important to remember that modern tech has made cold chain packaging easier and global. With a great rise in the demand of the consumer, cold chains are expanding at a rapid rate in developing countries of the world. Therefore, your cold storage approach will grow most in places that have a thriving upcoming middle class. Products that need refrigeration are most likely saleable in markets that have people with higher disposable incomes.
INCRESINGLY COST-EFFECTIVE
Cost effectiveness is universally important in world of business. In cold chain, storage sustainable comes in many ways. For instance, various companies have found that layering their trucks with extra insulation makes it feasible for energy to be conserved and hence increase in cost efficiency. Also, off late drivers are no more responsible for the temperature control inside the storage unit. Temperature can be controlled through remote control and drivers could be spared that stress.
INVESTING TECHNOLOGY
Like all tech-based solutions, cold chains too call for continuous investment in technology that ensures investment in information technology infrastructure as well as information gathering and reporting technology.
This is why these days, a lot many carriers have been investing in on-board technology built into cooling units that track temperature and position. This information gets relayed to third party logistics providers in real time. This increases visibility, tracking, and hence results in fewer losses. Removable sensors are also often used when there is high value transit involved.
- Real time update on temperature, trucks, and inventory.
- Technology based records of goods transfer for seamless delivery.
EVOLUTION IN PACKAGAING
For all major suppliers, the challenge is in balancing between packaging size and transport cost. For smaller parcels transiting inside the supply chain, logistics staff can choose smaller packaging. The more well insulated the package, the higher the cost of cold chain logistics.
THIRD PARTY OUTSOURCING
Third party logistics has come a long way in cold supply chains. Shippers around the world have a large demand for efficiency, and large-scale visibility, as well as product freshness that drives cold chain logistics towards a large spectrum of services. A case would be of Americold that invested in various novel designs to supplement automation in their warehouses. It should be remembered that the rising need for frozen/fresh goods requires 3PL partners to have a wide reach across the nation
Logistics providers such as India based Gati are capable of streamlining supply chain networks to ensure product freshness and the capacity to deliver at any location. Besides, Gati’s provides single cost across the network that result in accurate and clean economics of business for all businesses looking for best cost logistics.
Cold storage supply chains are a great investment if your business calls for it. With the passing of time cold storage is to grow further around the world and bring with it more and more options that make it friendlier to your enterprise.