🧊 2024 Cold Chain Challenges, Opportunities and Trends

Welcome back to Cube Cold News where we cover the latest developments in the cold chain industry and temperature-controlled logistics.

In today’s edition:

• 2024 Cold Chain Challenges, Opportunities and Trends Report

• Arcadia Cold opens five new large-scale cold storage warehouses

• Amancio Ortega is expanding his cold storage business with a $113M acquisition

• Tower Cold Chain partnership unveiled in China

Thank you for being a part of the Cube Cold News in 2023!

This is our last issue for this year and we look forward to seeing you in 2024.

The Cube Cold News team wishes you Merry Christmas and a Happy New Year ❄️

Cube Cold

2024 Cold Chain Challenges, Opportunities and Trends Report - Industry insights by Cube Cold professionals

This report compiles and analyzes data gathered from surveying cold chain and logistics professionals within the Cube Cold ecosystem.

The report offers insights into the current challenges, priorities, innovations, and predictions for the cold chain industry.

It aims to provide an overview of the industry's landscape as it stands today and its expected trajectory in the coming years.

Download the report here

News

Arcadia Cold fulfills launch goal of creating national US platform in one year Arcadia Cold Storage & Logistics completes a year-long goal by opening five new large-scale cold storage warehouses.

• With a total of 60 million cubic feet across Hazleton, PA; Fort Worth, TX; Atlanta, GA; Phoenix, AZ; and Reno, NV, the company is now serving customers in these critical distribution markets.

• Each facility is fully racked and designed to meet the demands of today's food supply chain.

• Arcadia Cold's mission is to create meaningful value for customers and help them meet their strategic objectives, establishing 'The New Age of cold chain.'

• The company is raising industry standards in customer service and has developed new, high-quality cold storage assets when there are many aging buildings in the United States. (link)

Amancio Ortega’s Pontegadea pays $113M for Hialeah cold storage Amancio Ortega, the Spanish billionaire and founder of global clothing retailer Zara, is expanding his cold storage business through his real estate family office, Pontegadea.

• The firm recently acquired its second Hialeah freezer facility in seven months, the Bridge Point Cold Logistics Center, for $113M.

• The 312,000-square-foot warehouse, located at 3995 West 108th Street, is fully leased to FreezPak, a New Jersey-based food logistics company.

• This acquisition is part of Pontegadea's broader investment strategy in the U.S., where its commercial real estate holdings exceed $1 billion.

• In June, Pontegadea acquired another cold storage facility in Hialeah from Blackstone for $43.3 million.

• Pontegadea's investments are part of Ortega's diversification strategy away from retail, as indicated by his increased investments in global real estate and energy. (link)

Carrier Transicold, GIZ partner to advance cold chain development and decarbonisation in Costa Rica and South Africa Carrier Transicold, a provider of refrigeration systems and services, and GIZ, a German development agency, have announced an agreement to advance cold chain development and decarbonization in Costa Rica and South Africa.

• The announcement was made at the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change.

• The memorandum of understanding (MoU) between Carrier Transicold and GIZ will focus on training technicians in the two countries to use sustainable reefer solutions.

• This initiative is part of Carrier's broader efforts to improve the transport and shipping of temperature-controlled cargoes and aligns with the company's 2030 ESG goals to help its customers avoid more than 1 gigaton of greenhouse gas emissions and to positively impact communities by alleviating hunger and food waste.

• Earlier in the year, the company signed an agreement with the Telangana State Trade Promotion Corporation to advance cold chain development and training in India. (link)

Other headlines

Tower Cold Chain partnership unveiled in China - American Journal of Transportation

Pharma.Aero and CCA team up to improve the air cargo cold chain - Aircargo News

World Courier to Expand Storage Capacity and Cold Chain Capabilities With Three New Transport Stations in the United States - Business Wire

That’s it for today!

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