Cold chain monitoring is a process of tracking the transportation of cool cargo and its maintained temperature during transit. The integration of technology to assist in the supply chain of perishables and eatables is likely to ensure its freshness. The global cold chain monitoring market report by Market Research Future (MRFR) assesses the current economic scenario and the COVID-19 outbreak for pinpointing drivers, challenges, opportunities, and trends for the period of 2018 to 2023 (forecast period).
Market Scope
The global cold chain monitoring market is set to soar at a healthy CAGR of 9.6% during the assessment period (2018-2023).
The need for efficiency in a temperature controlled supply chain for preventing the spoilage of consumables and perishables can drive the market demand. Establishment of refrigerated warehouses for storing these perishables as well as rules for storing pharmaceuticals and chemicals and their safe delivery can warrant market demand. Government services and private services have upgraded their infrastructure and enabled internet of things (IoT) for proper tracking of the cargo at every step. Benefits of cold storage such as low operational costs, large shelf-life, improved productivity and efficiency, and improved inventory accuracy are likely to push the demand in the global cold chain monitoring market.
The outbreak of the COVID-19 pandemic has pushed for the need for contingency plans to stifle supply shock and handle panic buying at the demand end. Cold chain monitoring solutions will ensure the delivery of foods, beverages, medicines, and other essentials during black swan events. Creation of new business models which are flexible during unforeseen events will be of high priority and the use of data aggregated from third-party partners can be used in shaping solutions accordingly.
Read more@ https://www.marketresearchfuture.com/reports/cold-chain-monitoring-market-1883
Competitive Outlook
NEC Corporation, Berlinger & Co AG, Infratab Inc., Zest Labs Inc., Sensitech, Inc., Elpro-Buchs A G., NXP Semiconductors N.V., Controlant, ORBCOMM Inc., and Monnit Corporation are key players of the global cold chain monitoring market.
Regional Analysis
The segments and sub-segments are analyzed with respect to five major regions - North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America, with their respective country-level market sizes.
