🧊 Maersk expands its cold chain footprint in India

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:

• Maersk expands its cold chain footprint in India

• Red Sea attacks disrupt global supply chains

• Cold Chain Federation Summit

• GCCA announced new leadership for its Warehouse division

• New thermal gear from Ergodyne

News

Maersk Expands Cold-Chain Logistics with New Facility in Mehsana, Gujarat Maersk has expanded its cold-chain logistics footprint with a new facility in Mehsana district of Gujarat, India.

• The new facility, built over 260,000 sq ft, will offer temperature-controlled storage solutions for perishable frozen processed food items.

• The facility at Mehsana will be equipped with the highest standards of temperature compliance and customised racking system to suit customers’ exact requirements.

• The 14,700-pallet position facility will be built at the Fanidhar Mega Food Park and will be one of India's largest single-shed cold stores.

• The new facility will be built exclusively for HyFun Foods.

• It will serve as the mother Cold Store facility, helping the customer store all the cargo in a single facility instead of multiple smaller facilities before dispatch. (link)

Could Red Sea attacks reignite supply chain chaos? Houthi attacks on Red Sea shipping lanes have led to 70% of cargo ships avoiding the Red Sea, causing shipping disruptions.

• American-led airstrikes have done little to deter the disruption, leading to companies opting for longer, more expensive routes for cargo delivery.

• The volume of containers transported through the Red Sea plummeted by more than half, nearly 70% below the expected volume.

• Shipping disruptions in the Red Sea have caused considerable diversion, adding at least 10 days to transit time.

• The Red Sea volatility has highlighted the fragility of global supply chains, as any disruption resonates throughout the entire system.

• Douglas Porter, chief economist at BMO Capital Markets, highlights energy prices as the single biggest risk that could turn the tide on inflation.

• Houthis have kept their attacks on a low level, primarily to harass shipping and apply pressure. Although they have the capability to carry out bigger attacks, they have been wary of starting a broader conflict.

• While the violence appears contained and the economic impact minimal for now, it doesn't take much to nudge a regional crisis into a global one. (link)

Cold Chain Federation reveals Summit speakers The Cold Chain Federation has announced the keynote speakers for its second Cold Chain Climate Summit, which will take place on March 13, 2024, at Warwick University’s The Slate Conference Centre.

• The summit is expected to welcome over 200 cold chain logistics professionals, sustainability-focused suppliers, key government officials, and leading academics from the UK and beyond.

• The event will explore the key issues, challenges, and opportunities for the cold chain in responding to and preparing for net zero.

• The morning sessions will focus on climate resilience and the cold chain, while the afternoon session will explore the potential for reviewing temperature setpoints to save energy across the cold chain.

• The three keynote speakers announced are Georgios Tetradis-Mairis, head of R&D futures at Nomad Foods; Dr. Chloe Brimicombe, a climate scientist at the University of Graz, Austria; and Dr. Tim Fox, an independent consultant in climate change mitigation and adaptation.

• The summit will also include a networking lunch and the presentation of the 2024 Cold Chain Sustainability Awards.

• Further information on the Summit, ticket bookings, and awards here.

Other headlines

Managing the logistics risk in life sciences - Locton

GCCA announced new leadership for its Warehouse division - Global Cold Chain Alliance

Ergodyne Answers Growing Demand of Cold Storage Sector with New Thermal Gear - Yahoo Finance

KNAPP Demonstrates Expertise In Cold Chain Automation With OSR Shuttle Evo - ESM

Americold Realty Trust, Inc. Announces 2023 Tax Treatment of Distributions - Americold

McCulla opts for Hultsteins - HGV UK

That’s it for today!

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