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In order to improve the economic information available to cold chain industry stakeholders, the Global Cold Chain Alliance has created a Cold Chain Index (CCI). Expenses for refrigerated warehouses rose by 2.06% and the pace of cost escalation was at its lowest point since the index was launched in Q4 of 2018. The index tracks the growth rates of costs using predominantly official sources of economic data along with actual expense classes from the IARW Productivity and Benchmarking tool. The CCI can be customized to the region and state where a warehouse facility operates and includes five classes of expenses: labor, electric power, supplies, repairs and rent.
In the current release, the CCI reports the growth rate in expenses in the second quarter of 2020 compared with the second quarter of 2019. Members of the Global Cold Chain Alliance and their customers may access a template to better understand the index and customize cost shares to the experience of their business, and to account for variation across geographic regions.