Cold chain logistics and temperature controlled operations for Pharma products #pharma #ecommerce

Introduction

Cold chain logistics has become an integral aspect of modern commerce, particularly driven by the increasing demand for fresh food products in Europe, the expansion of the healthcare sector, stringent food safety regulations, and the trend of outsourcing logistics by chilled and frozen food manufacturers. Over the past six years, the market value has surged from approximately $ 75.2 billion in 2019 to a projected $ 112.8 billion by 2025. This remarkable growth signifies an impressive compound annual growth rate (CAGR) of 5.7%, representing nearly 40% growth over the period.

One significant player in the cold chain logistics industry is HGL Logistics, a third-party logistics operator that was established in the early 2000s with Hungarian management involvement. HGL has recently diversified its offerings into the specialized domain of warehousing and distribution focused on temperature-controlled pharmaceutical products. As the market continues to evolve, staying informed with the latest developments from HGL is crucial for stakeholders in the logistics and pharmaceutical sectors.

Keywords

Cold chain logistics, temperature-controlled operations, pharmaceutical products, fresh food demand, healthcare sector, food safety regulations, outsourcing logistics, HGL Logistics, warehousing, distribution, compound annual growth rate (CAGR).

FAQ

Q1: What is cold chain logistics?
A1: Cold chain logistics refers to the logistics process that involves the transportation and storage of temperature-sensitive products, such as food and pharmaceuticals, to ensure their safety, quality, and efficacy.

Q2: Why is cold chain logistics important for pharmaceuticals?
A2: Cold chain logistics is crucial for pharmaceuticals to maintain the integrity of temperature-sensitive products, ensuring they remain effective and safe for consumption.

Q3: What factors are driving the growth of the cold chain logistics market?
A3: The growth of the cold chain logistics market is driven by rising demand for fresh food products, expanding healthcare needs, stringent food safety regulations, and the outsourcing of logistics by manufacturers in the food and pharmaceutical industries.

Q4: What are the projected trends in the cold chain logistics market?
A4: The cold chain logistics market is projected to grow from approximately $ 75.2 billion in 2019 to around $ 112.8 billion by 2025, showcasing a compound annual growth rate (CAGR) of 5.7%.

Q5: Who is HGL Logistics?
A5: HGL Logistics is a third-party cold chain logistics operator founded in the early 2000s, which has recently expanded its services to include warehousing and distribution for temperature-controlled pharmaceutical products.