Study: China’s cold chain market expected to grow at CAGR of 15.6% in next 5 years
Advanced GPS technologies, Internet of Things, mobile internet, big data and an influx in e-commerce are key drivers of growth in cold chain logistics.
While China’s cold chain market is in its infancy stage, the sector is poised to enter in high double-digit growth in the next 5 years, according to a report published by Ken Research, India.
Advanced GPS technologies, Internet of Things, mobile internet, big data and an influx in e-commerce are key drivers of growth in cold chain logistics. Plus, various cold chain logistics parks will be constructed in major locations and large and middle-size cities in the forecast period.