New Research: Connecting the Dots in the Cold Chain Industry
Chilling Findings from a Survey of the Largest Global Food & Beverage Companies on Cold Chain Technology
In this revealing new report from Tive and Food Logistics—“Connecting the Dots in the Cold Chain Industry”—we asked 100 food supply chain executives about the challenges and opportunities they face in the market today.
The results expose a wide range of issues—from sustainability to rising insurance costs to increasing instances of cargo theft.
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Key Findings:
- Many cold chain challenges are linked. Finding a technology tool/provider that solves multiple challenges may be the easiest part of the solution.
- Labor woes persist. Nearly 50% of respondents say their business is still reeling from a tight labor market.
- Insurance is a concern now—and it will only grow. Three-quarters of respondents indicated that their businesses were suffering financial losses because of insurance claims made due to temperature excursions or quality issues
- Cargo theft is on the rise: 75% of respondents say that their business experienced an increase in cargo theft in the last 12 months
- Corporate sustainability is at a fork in the road. 46% say they improve sustainability by decreasing transit times/idle miles, and nearly 40% achieve this by reducing product waste
