Market News
Global Cold Chain Market: Key Developments
- UPS expanded its cold chain capabilities through strategic partnerships and acquisitions. In 2020, the company acquired Marken, a global provider of supply chain solutions for the life sciences industry, to strengthen its healthcare and pharmaceutical logistics services. This acquisition allowed UPS to offer enhanced cold chain solutions for biopharmaceuticals, clinical trials, and other temperature-sensitive healthcare products.
- Carrier Global Corporation, a leading provider of Heating, Ventilation, and Air Conditioning (HVAC) solutions, launched new energy-efficient refrigeration systems for cold storage facilities. In 2021, the company introduced its Eco-Safe Natural Refrigerant Solutions to help cold chain operators transition to environment-friendly refrigerants, reducing greenhouse gas emissions and aligning with sustainability goals.
- Lineage Logistics, a leading cold storage company, expanded its global network of temperature-controlled facilities. In 2020 and 2021, the company made several acquisitions, purchasing cold storage providers in various regions to strengthen its presence in key markets. These acquisitions allowed Lineage Logistics to offer more comprehensive cold chain services to its customers.
- Americold Realty Trust, a prominent owner and operator of temperature-controlled warehouses, invested in warehouse automation and technology upgrades to enhance its operational efficiency. The company focused on adopting advanced robotics and warehouse management systems to optimize inventory management and order fulfillment in its cold storage facilities.
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