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Cold Storage Companies in Portugal: Ken Research

The report finally concludes with a competitive landscape including the competition scenario, cross comparison, strengths and weaknesses and company profiles of major players in the cold chain market, macroeconomic factors impacting the industry, and analyst recommendations.

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Cold Storage Companies in Portugal: Ken Research

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  1. The increase in demand for perishables, changes in consumption patterns, and the pandemic hit are driving the cold chain market globally: Ken Research 1.Logistics and Shipping Industry was one of the worst-hit industries during the COVID-19 lockdown 300 7% 250 5% 200 3% 150 1% 100 -1% 50 0 -3% 2017 2018 2019 2020 2021 GDP ($ Bn) Inflation Rate Due to the restriction on movement imposed during COVID-19, Portugal experienced a significant decline in the GDP growth rate. Job losses and pay cuts were observed during the pandemic year across industries along with the increasing preference of employees to work in a remote working environment. The advent of COVID-19 negatively impacted the financial condition of consumers and therefore, changes were seen in consumption patterns post Covid-19, and people have become more health conscious. In Portugal, the Cold Transport revenue growth was affected owing to a decrease in international trade as well as domestic transportation due to curfews and shutdowns during COVID. 2.But post Covid-19, people have become more health conscious, thus rise in e-commerce due to staying home

  2. 120.0 10.0% 9.0% 100.0 8.0% 7.0% 80.0 6.0% 60.0 5.0% 4.0% 40.0 3.0% 2.0% 20.0 1.0% 0.0 0.0% 2016 2017 2018 2019 2020 2021 Market size (in EUR Mn) Growth Rate (%) As a result of the Covid-19 pandemic, a considerable section of the global population has changed their eating patterns. An increase in retail spending can be seen due to an increase in the disposable income of the country’s population which will drive the development of cold storage and positively affect the market growth. Due to the increase in demand for pharmaceutical products, as well as the rise in e-commerce resulting from the pandemic the cold chain market in Portugal has significantly grown in recent years. Request For Free Sample Report report.php?Frmdetails=NTk2MTQz 3.The Cold Storage Industry Is experiencing a new wave of Technological Developments which increase Efficiency and reduce Wastage. @ https://www.kenresearch.com/sample-

  3. Adopting automation and modern technologies, upgradation of cold transportation fleet, and increase in the number of cold storage warehouses in the country will prove to be beneficial for cold chain companies. Automating tasks that can be completed autonomously with little or no human help and using Robots that can be programmed to carry out manual tasks in the warehouse, can increase the efficiency of Cold Chain business in the country. Also, by providing early detection, the Internet of Things may assist warehouses in lowering risk and avoiding mistakes or accidents that could result in supply chain losses. All these technological advancements will lead to the growth of the Cold Chain market in Portugal. For more insights on the market intelligence, refer to the link below:- Portugal Cold Chain Market

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