Frozen Food Frenzy: Straining Cold Storage Supply Chains
The surging demand for frozen food in the US, which reached over $72 billion in sales in 2022, is putting pressure on the critical cold storage supply chains that support the $265 billion global frozen food market. The COVID-19 pandemic has further fueled the growth of frozen food sales, as consumers turned to bulk buying and long-term storage options. However, the outdated mechanical refrigeration systems currently in use contribute to approximately 13% of global food waste annually. Companies like Phononic and Lineage Logistics are working to address these challenges by developing innovative solutions to improve the efficiency and safety of the cold storage supply chain.