🧊 UPS aims to double its healthcare logistics business

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

In today’s edition:

• Pulleyn Transport at Cold Chain Hub 2024

• United Nations and Industry Team to Announce 2024 World Cold Chain Symposium: “Building a Sustainable Cold Chain”

• Inside UPS’ push to double its healthcare logistics business

• Blue Yonder’s mission to create sustainable supply chains

CubeCold

Pulleyn Transport, part of the CubeCold Group, was pleased to welcome visitors to their stand at Cold Chain Hub 2024, held on October 9th and 10th in Birmingham.

News

United Nations and Industry Team to Announce 2024 World Cold Chain Symposium: “Building a Sustainable Cold Chain” The 2024 World Cold Chain Symposium, organized by the Global Food Cold Chain Council (GFCCC) and UNEP’s OzonAction, will take place on October 26, 2024, in Bangkok, Thailand.

• This annual event focuses on "Building a Sustainable Cold Chain" and aligns with the 36th Montreal Protocol Meeting.

• Sponsored by Carrier Global Corporation, it will feature discussions on critical areas such as technology, financing, and capacity building for sustainable cold chains.

• The symposium will bring together experts from the private sector, government, academia, and international organizations.

• Sessions will cover key topics including the impact of cold chains, training challenges, and financing mechanisms.

• The event highlights the growing international momentum toward reducing food loss, waste, and greenhouse gas emissions through sustainable cold chain development. (link)

Inside UPS’ push to double its healthcare logistics business UPS aims to double its healthcare logistics revenue to $20 billion by 2026, leveraging both organic growth and acquisitions.

• Daniel Gagnon, VP of global strategy at UPS Healthcare, acknowledges the ambitious nature of the target but emphasizes the company's confidence in balancing in-house expansion with acquisitions.

• UPS is expanding its healthcare logistics network, particularly in Europe, where it has added ultra-cold storage for biopharma products.

• Acquisitions, such as MNX Global Logistics and Bomi Group, enhance UPS’s cold chain and pharmaceutical capabilities across multiple countries.

• Healthcare offers more stable demand and higher profitability compared to other sectors like e-commerce.

• Amid growing competition from FedEx and DHL, UPS sees healthcare logistics as a recession-resistant, high-margin sector, crucial for future growth. (link)

Blue Yonder’s mission to create sustainable supply chains Blue Yonder, led by CEO Duncan Angove, is at the forefront of integrating sustainability into supply chain management.

• Their research shows that while 78% of consumers consider sustainability important, many are skeptical of brands' claims.

• Blue Yonder’s platform aims to provide real-time visibility and accountability throughout the supply chain, ensuring companies can track and improve their sustainability efforts from raw materials to final delivery.

• Their platform supports end-to-end sustainability, optimizing areas like forecasting, vendor selection, and transportation to cut emissions and waste.

• Blue Yonder’s focus includes helping companies meet regulatory requirements, achieve public sustainability goals, and respond to shareholder and consumer pressure for more sustainable practices. (link)

Other headlines

Cold storage market leaders expect activity to pick up next year.

Lineage named to Fortune’s 2024 “Change the World” list.

ORBCOMM joins Move to -15°C coalition to promote cold chain sustainability.

US backs food security project in Bangladesh.

Tower launches customer sustainability hub with practical tools for lower-impact pharmaceutical cold chain.

Vertellus has added 10 fully electric refrigerated trucks to its EV Discovery Programme.

Petit Forestier supports OppO Charity event at Windsor Castle.

Superior Industrial Refrigeration appoints Mike Hastings as Chief Executive Officer.

That’s it for today!

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