Cold chain logistics denotes the supply chain and the process of transporting temperature-sensitive items from one place to another.
Perishable and pharmaceutical goods heavily rely and require cold chain management. Hence, the role of cold chain logistics during COVID 19 and in transporting the vaccines will be crucial.
The process consists of many facets viz., cold storage, cooling systems, cold transport, cold processing, and cold distribution.
Before talking about the expected crisis, let’s understand the technologies or substances used for “Cold chain logistic company” —
Dry Ice: It’s mainly used for hazardous goods, pharmaceuticals, and food items.
Gel Packs: Primarily get used in the shipment in pharma products.
Eutectic Plates or Cold Plates: It’s similar to gel packs and has some useful features, unlike gel packs, it’s reusable as well.
Quilts: Quilts are leveraged to keep the temperature of frozen items constant for a long time.
Liquid Nitrogen: It mainly gets used in transporting biological cargos, such as organs, and tissues. The global medical industry completely relies on it. It keeps goods at a cold temperature, for a long period.
Reefers: Temperature-controlled containers or reefers are used for transporting temperature-sensitive cargo.
According to Healthcare Cold Chain Logistics – Global Market Trajectory & Analytics report —
Amid the COVID-19 crisis, the global market for Healthcare Cold Chain Logistic estimated at US$11.3 Billion in the year 2020, is projected to reach a revised size of US$18.5 Billion by 2027, growing at a CAGR of 7.3% over the analysis period 2020-2027
The crisis for the cold chain logistics would be of maintaining the “demand and supply” equilibrium.
Once the Covid vaccines are ready to be delivered or segmented, the demand for cold chain logistic will skyrocket. Currently, amidst the lockdown cold chain logistics played a tremendous role in supplying drugs and food items to different places. In the time ahead, along with the current demand, the necessity or demand for supply and leveraging cold chain logistics will increase. It might operate on a priority basis and which might create scarcity or crisis in the shipment of some commodities. Besides, vaccine distribution is a global task. Hence, the supply chain needs to operate globally; the challenge is global!
If you’re planning to scale up your business and rely on cold chain logistics, this is the right time to make some provisioning.
We’re fully committed to stand by our clients at this hour of crisis. Plus, we’re prepared to take up any future challenges. Swiftrans offer transport and logistics services, including temperature-controlled shipping internationally.