Uzbekistan turned a spotlight on cold chain in 2016. According to an article in UzDaily.com citing the Ministry of Economy of Uzbekistan, the country constructed 204 new cold storages in 2016, making up 93,100 tons of increased capacity. This growth was reflected in the 2016 Global Cold Chain Alliance (GCCA) Global Cold Storage Capacity Report which showed that much of the steady cold storage capacity growth worldwide was coming from new construction in emerging markets. More notably, the report showed substantial increases in markets that previously had little cold storage capacity, namely Uzbekistan and Turkey with 2.4 million cubic meters of combined capacity growth. Continue reading
The International Association of Refrigerated Warehouses (IARW) has been collecting data on the global cold storage industry since 1998. The survey is used to write the Global Cold Storage Capacity Report, which provides industry growth trends, market development indicators, and market comparisons. The report also provides foreign investors with an invaluable resource for identifying potential investment opportunities. This is the only comprehensive look at worldwide cold storage capacity in the world. Continue reading
The Washington Post commented on cold storage capacity as an indicator of growth in emerging markets. As disposable incomes rise in certain markets, consumers demand higher valued food items such as meat and dairy and can actually store this food in in-home refrigerators. This often results in a subsequent boom for U.S. agribusiness as many companies can now safely ship higher dollar products, such as pork or Washington State apples, to those countries. Read the full article, How an apple grown in the U.S.A. becomes a status symbol overseas
According to the 2016 GCCA Global Cold Storage Capacity Report, refrigerated warehouse capacity worldwide grew to 600 million cubic meters this year, an increase of nearly 9% since the report was last published in 2014. The Capacity Report provides industry growth trends, market development indicators, and market comparisons. While the official 2016 GCCA Global Cold Storage Capacity Report will be released to the membership in the coming weeks, the Wall Street Journal recently composed an article detailing the capacity growth in cold storage around the world. The data in the article originated from the GCCA survey and report. See below for an article excerpt and link to the full article available at www.wsj.com.
Global Refrigerated Warehouse Capacity Grows Amid Emerging Market Gains
Many emerging markets lack necessary ‘cold chain’ capacity, but that is slowly changing
Excerpt from the Wall Street Journal
By ERICA E. PHILLIPS
Aug. 10, 2016 10:05 a.m. ET
Big-box refrigerated warehouses are popping up in ever more remote corners of the world.
Global refrigerated warehouse capacity grew to 600 million cubic meters this year, according to the latest survey by the Global Cold Chain Alliance, an industry group representing temperature-controlled logistics companies. Much of the development occurred in emerging markets such as China, where refrigerated warehouse capacity grew 41%, between 2014 and 2016, to 107 cubic meters. Read the full article
GCCA – Huffington Post
In 2014, India had the largest refrigerated warehouse capacity worldwide according to the 2014 IARW Global Cold Storage Capacity Report, with 131 million cubic metres in cold stores. An article published recently in Huffington Post explained that much of India’s cold stores are located in production areas to “cross-seasonal bulk holding of fresh produce” or they are dedicated to storing specific commodities, such as ice cream and other frozen items that can only be kept in a refrigerated warehouse. However, there is an opportunity that could be realized with increased knowledge and efforts put towards the total cold chain infrastructure.
A number of fresh fruits, vegetables, and floriculture are currently experiencing damage in transit to markets from farms in India. The shelf-life of these commodities could be greatly expanded through developed cold chain links such as refrigerated transportation and distribution hubs. It is clear that in order to gain from these segments, an expanded understanding of the entire cold chain, rather than just cold stores, is necessary.