12 November 2020
The Global Cold Chain Alliance has released its survey of the business impacts of the COVID–19 virus on companies involved in the cold chain in 31 countries. Among other findings, the majority of respondents reported cost increases of up to 5%, while more than half of the respondents noted a decrease in revenue. Most companies agreed that the pandemic will cause an increase in the growth of e-commerce, or direct-to-consumer delivery of chilled and frozen product. The survey revealed optimism that the growth rate of the industry as a whole will be even more significant because of the pandemic. Against that, there was an expectation that global trade opportunites will either decrease or remain the same as before COVID.