The U.S. just slapped a 25% tariff on steel and aluminum imports. Plus: Super Bowl freight surged 38%, a $600K chassis theft ring was busted at the Port of LA, and Amazon’s strong Q4 fueled speculation about an Old Dominion acquisition.
The burgeoning demand for frozen food, a market worth $265 billion globally, is stressing cold storage supply chains and putting the sector's growth and safety at risk. Frozen food sales in the U.S. alone topped $72 billion in 2022, up from $65 billion during the 2020 pandemic lockdowns, suggesting a trend towards bulk buying of freezable items. However, the sector faces challenges with approximately 13% of global food production lost annually due to insufficient cold storage supply chains. Companies like Phononic and Lineage Logistics, both part of CNBC’s 2023 Disruptor 50 list, are innovating to make the food supply chain more efficient and reduce waste.
Over 57% of consumers are ready to shop greener to reduce environmental impact. As regulations tighten, companies must update their logistics strategies.
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