Cold Storage Market in High Demand

The U.S. cold storage market size was estimated at $30.26 billion in 2021 and is expected to reach $33.08 billion in 2022.

Based on market research: The cold-storage warehouse market is expected to grow at a compound annual rate of 9.2% in the forecast period 2021 to 2028. The increasing demand for chilled and frozen food is the factor for the cold-storage warehouses market in the forecast period of 2021 to 2028.

Why Are Cold Storage Warehouses in Such High Demand?

North America dominated the cold storage market with a share of 36.35% in 2021. This is due, in part, to the strengthening network of warehouses and rising investments in the development of the logistics infrastructure.

With the rapid technological advancements such as Cold Storage Warehouse Management Software and Transportation Management Systems, new and innovative ways of tracking pickups and deliveries, understanding consumer expectations, lowering wasteful expenditures, and obtaining real-time data throughout the entire shipment process have emerged.

It is now possible to transport fresh, perishable food products and pharmaceuticals while ensuring the safety and integrity of the goods and tracking these products from beginning to end.

Not only is tracking transportation important but also placement inside the warehouse and adhering to end dates. 

The major growth factor in the cold-storage warehouses market is the rapidly increasing online grocery purchasing trend and the trend toward healthier, yet convenient foods. 

Market research offers this explanation for the growth:

The growing demand for organized retail and increasing preservation of convenience food products owing to modernization is encouraging many end users to decide on this system which is also heightening the overall demand for cold-storage warehouses market over the forecast period of 2021 to 2028.

Cold Storage WMS with TMS Connection

Warehouse Management Systems (WMS) help us in managing all the various and detailed operations, especially in the cold storage industry. Warehouse management systems help businesses in developing their competitive edge. The use of WMS will minimize the labor charges, improve customer services, and provide real time data.

All warehouse management systems (WMS) are not created equal, especially for cold storage warehouses. In today's fast-paced, ever-changing environment, you need software that addresses real-time warehouse data. Now, pair your WMS with a transport management system (TMS), and you can put all your data in one place.

The integration of WMS and TMS offers many advantages for cold storage warehouses management:

1.      Lower costs for both the company and the end consumer

2.      Supply chain process simplification across regions, modes, and carriers

3.      Business process automation for more efficient and accurate billing and documentation

4.      Enhanced visibility and security

5.      Time savingsŠ”Šfewer manual stages have fewer delays and quicker delivery times.

6.      The ability to trace freight on a single platform, both locally and globally.

7.      Improved import and export compliance, resulting in fewer penalties and shipment delays.

8.      Better reporting leads to faster response and process improvement, resulting in new business insights.

9.      Improved customer service and satisfaction thanks to real-time updates and shorter shipping times

10.  The ability to grow the business by meeting and exceeding customer expectations for speedy, on-time deliveries. (Exspeedite.com)

Why You Should Use The Best Transportation Management System

There are quite a number of fleet management systems that are available today, each promising one thing or the other, but one stands out. Exspeedite trucking software is the best choice transportation system software available for trucking businesses of any size.

1.      No paper need or return to complete and mail

2.      Tax Calculation or refund due

3.      Faster processing of your ROI

4.      Acknowledgment about your return has been received

5.      Acknowledgment about your payment

EXSPEEDITE'S trucking management system software also keeps your finances organized with real-time exchange rate information to help your financial decision and trucking invoices making for your business.

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