Cold Chain Logistics Procurement Intelligence
The cold chain logistics category is expected to grow at a CAGR of 15% from 2023 to 2030.
The worldwide increase in demand for perishable items which are required to be stored and transported at an appropriate temperature to maintain their freshness and quality has led to the increase in demand for these services. Good cold chain logistics networks, which involve effective collaboration between suppliers, transportation providers, and customs officials to ensure timely delivery and compliance with international standards, are crucial in meeting the demand for fresh items across borders. The Food Safety Modernization Act of 2011 is responsible for the majority of cold chain logistics operations. This law has increased the Food and Drug Administration's control over product handling and transportation from the manufacturer to the store to the customer. The law requires shippers, loaders, motor or rail vehicle carriers, and receivers of these perishable items to employ sanitary practices to assure the food's safety.
Order your copy of the Cold Chain Logistics category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Cold Chain Logistics Procurement Intelligence Report Scope
The Cold Chain Logistics category is expected to have pricing growth outlook of 9 - 10% from 2023 to 2030, with below pricing models.
- Cost plus pricing model
- value-based pricing model
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Customer service
- price
- delivery time
- flexibility
- reliability
- experience
- technical specifications
- operational capabilities
- regulatory standards and mandates
- category innovations
Cold Chain Logistics Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Cold Chain Logistics Procurement Cost and Supplier Intelligence
Businesses generally use cost-plus pricing method that involves adding a markup to the cost of providing the service, which is typically based on the cost of transporting goods, as well as any additional expenses incurred by the logistics provider. The logistics provider frequently decides on the markup based on their intended profit margin and takes into account the industry's competitive environment. The equipment cost, which includes refrigeration units and temperature monitoring devices needed to preserve the integrity of temperature-sensitive commodities during transit, makes up the majority of the cost components in this category. Cost of labor, which includes paying employees to handle and transport commodities. The average labor cost range between USD 25 - USD 30 per hour. A typical refrigerated truck costs roughly around USD 170,000 and the price rises as the size and dimensions increase.
Due to the wide variety of items that need to be transported and stored at a controlled temperature, the United States is a significant market for cold chain logistics. This includes pharmaceuticals, fresh food, and medical supplies. They have a proven track record of innovation in the field of cold chain logistics, having created innovations like temperature-controlled cars and IoT. The recent rapid economic expansion in China has increased the demand for products in this category. The middle class in the nation is expanding quickly, and customers are reaching for more and more high-quality, fresh foods. The growth of this industry is being supported by the Chinese government. In order to encourage the use of cold chain logistics, the government has invested in the development of cold storage facilities and implemented legislation. The best sourcing practice in this category is to work with suppliers who have the expertise and resources to handle cold chain products and a good track record of maintaining the required temperature ranges throughout the supply chain. It is also important to have a contingency plan in place to mitigate any disruptions and ensure the quality and safety of the products being transported.
List of Key Suppliers
- FedEx
- DHL
- CMA CGM
- Maersk
- Kuehne Nagel
- Americold Logistics
- XPO Logistics
- Safmarine
- Evergreen Line
- CH Robinson Worldwide
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
