COLD CHAIN BUSINESS

Description

Logistic is one of the most important parts which boots business economy. It involves activities like freight transportation, warehousing, material handling, protective packaging, inventory control, order processing, marketing, forecasting, and customer services. Out of which from warehousing the cold chain business has become the most innovative business practice all over the world. India has a huge opportunity to become a global supplier of food transportation. The cold chain is the distribution of commodities that needs a suitable temperature range throughout the shipping. This used to help extend and ensure the shelf life of products such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs and they also reduce losses through efficient storage and transportation. The types of equipment used in cold chain are Precooling Machine, Cold storage, Blast Freezer & Chiller, Hydro cooler Machine, and IQF Equipment.

Logistic business can only generate profits when choosing the right marketing strategies with efficient distribution channel network. A well-organized cold chain system which can retain the quality of the products, with a cost-effective delivery and best customer service can become a potential business.

The Indian cold chain market was worth INR 950 Billion in 2017. The market is projected to reach INR 2,200 Billion by 2023, at a forecasted CAGR of 19% for the year 2018-2023. India is currently the world’s largest producer of milk, second largest producer of fruits and vegetables and has a substantial production of marine, meat and poultry products. The Indian cold chains market is largely untapped and several players in the unorganized sector which clues for immense investment and development opportunities. It is at a threshold of the exponential increase due to developments taking place in the food and retail industry of India.

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