cold storage

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While most of the focus on cold chain logistics has been primarily on pharmaceuticals and medical goods during the pandemic, the food logistics industry is now under increasing scrutiny and enormous pressure to improve performance.

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In an M&A deal with a direct focus on cold chain logistics, Novi, Mich.-based Lineage Logistics, the largest global temperature-controlled logistics services provider, said it has inked definitive agreements to acquire Dallas-based Emergent Cold, a leading cold chain services and temperature-controlled services provider.

Entitled “Cold Storage Space: One Size Does Not Fit All,” the report cited a projection from the Food Marketing Institute and Nielsen that there could be demand for up to 100 million square-feet of industrial real estate space over the next five years, with online grocery ordering expected to account for 13% of total grocery sales by 2022, marking a 3% gain from 2018. This level of growth, the report explained, would be the equivalent of another $100 billion in annual online grocery sales.