As the economy improves and household incomes rise, Chinese consumers have been demanding higher standards for safety, health and quality of life. However, there is increasing concern regarding food and drug safety, especially with increasing popularity of purchasing fresh produce online.
Cold chain logistics form the foundation to supply perishable products—fresh fruits and vegetables, meat, dairy, aquaculture products, fresh flowers—and medical products—drugs, reagents, vaccines, biological products—that have strict temperature, humidity and other environmental requirements.
The Chinese cold chain market has grown more than 20 percent over the past five years, increasing from 80 billion RMB in 2011 to 160 billion RMB in 2015. Increasing demand for fresh food and drugs will continue to drive growth in the cold chain industry, as L.E.K. Consulting forecasts that the cold chain industry will be valued at 400 billion RMB by 2020, with transportation making up 40 percent of the market, cold storage at 30 percent, and the remainder of the market will be other services.
To read the full original article, please click here.