As we’re now in Q2 of 2023, we’re taking the time to evaluate the current state of the cold chain market. While reports on the logistics market, in general, show mixed signals of increased volume in some areas and decreased in others, there are a few notable trends. Due to inflation, many consumers are spending less, resulting in higher-stocked warehouses and stores. This has caused a subtle shift to increased short-haul shipments rather than long-haul as companies are having no difficulty keeping everything in stock.
Naturally, there is some overlap between the general logistics market and cold chain logistics; however, the cold chain market is influenced by a few unique factors, requiring its own evaluation. This article examines the current cold chain market, its challenges, and how companies can build resilience.
The Cold Chain Market, By the Numbers
As we’re now in Q2 of 2023, we’re taking the time to evaluate the current state of the cold chain market. While reports on the logistics market, in general, show mixed signals of increased volume in some areas and decreased in others, there are a few notable trends. Due to inflation, many consumers are spending less, resulting in higher-stocked warehouses and stores. This has caused a subtle shift to increased short-haul shipments rather than long-haul as companies are having no difficulty keeping everything in stock.
Naturally, there is some overlap between the general logistics market and cold chain logistics; however, the cold chain market is influenced by a few unique factors, requiring its own evaluation. This article examines the current cold chain market, its challenges, and how companies can build resilience.