GCCA Releases Q1 Cold Chain Index for Cost of Operating Refrigerated Warehouses
Labor accounted for the largest share of expenses, followed by property rent/lease/mortgage costs.
The Global Cold Chain Alliance (GCCA) released first-quarter data showing the general major cost structure of operating refrigerated warehouses. The cost of labor was once again the largest share of expenses, followed by property rent/lease/mortgage costs.
The rates that cold storage warehouses charge customers for providing third-party logistics services such as storage and shipping of perishable foods have been challenged as arbitrary and steep. In order to improve the economic information available to industry participants, the Global Cold Chain Alliance has commissioned a Cold Chain Index (CCI), reported since the end of 2018. The CCI tracks the growth rates of costs using predominantly official sources of economic data. The CCI can be customized to the region and state where a warehouse facility operates.