The results are in!
This investment trend report outlines the general industry behaviors showing how companies are approaching temperature controlled logistics spend.
According to 2015 findings from the IMARC Group, the total size of the healthcare cold chain logistic services market was forecasted to expand to nearly US$13.4 billion to 2020. Further optimism is shown in the group’s 2016 results as the market is now predicted to expand to US$14.4billion to 2021.
The ability to navigate routes both efficiently and cost effectively during the transport of temperature sensitive materials is a labor intensive skill, hinging largely on the investment in trustworthy equipment.
In last year’s research into Temperature Control Investment Trends, in the year to 2015 78% of respondents saw a rise in the investment dedicated to temperature controlled logistics. In general, the results of Cold Chain IQ’s 2015 Investment Trend Research reflected an increase in the allocation of resources to cold chain projects.
Ambient products have been charted as being a point of focus for the year, with Gary Hutchinson of Modality Solutions noting: “The growth of spend in CRT solutions is going to be the story of 2016.”
The progressive nature of the cold chain arena and its advancing compliance expectations was labeled as leaving pharma and biotech firms with no choice but to invest in more robust and innovative practices.
Now, Cold Chain IQ presents the findings of its 2016 Temperature Controlled Logistics Investment Trend Report. This year we take a closer look into the market’s various verticals - mapping out their financial progress and behaviours.
About the Report
From March – June 2016, Cold Chain IQ hosted an online survey to assess current economic trends in the cold chain supply industry. The survey gathered the responses of the international cold chain community from the many stakeholders in the cold chain market.
Key findings of this report include:
· In depth analysis of economic trends for: containers, sea freight, airlines, data loggers, 3PLs.
· Ranking of dedicated spend for each vertical and what areas are positioned as a priority for the market.
· Insight into end-user and solution provider spend behaviors within the cold chain market.
· Culture overview of end-user preferences with temperature controlled logistics providers.
· End-user driver and pain points with current solutions and service providers for temperature controlled logistics.
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