Cold chain monitoring is a monitoring solution that is utilized in the supply chain management process. It helps to monitor location, temperature, humidity, and many other factors that can worsen the product’s properties. Thus it also helps to maintain the levels of all elements. It helps reduce cycle times, lower operating costs and increase product shelf life, productivity, and supply chain efficiency. They also make it possible to monitor the inventory and increase its efficiency.
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The rise in demand for temperature-sensitive drugs globally and the growing demand for generic drugs due to higher accessibility will influence the growth of the cold chain monitoring market. Furthermore, the rise in public and private investments for the development of refrigerated warehouses, the surge in demand for better quality food and the need to decrease food wastage, increased focus of the government on issuing policies affecting the supply chain efficiency of the rapidly growing pharmaceutical industry will enhance the market growth rate. However, the high cost involved in the implementation and maintaining temperature integrity throughout the supply chain are the factors that will act as restraints for the growth of the cold chain monitoring market. Complexities associated with the installation and monitoring of cold chain monitoring solutions will challenge the growth of the market.
Application of Cold Chain Monitoring
- Chemicals
- Food & Beverages
- Pharmaceuticals & Healthcare
- Others
Benefits of Cold Chain Monitoring
- Immediate Alerts about Anomalies
- Reduced Operational Costs
- Increased Efficiency and Productivity
- Increased Customer Satisfaction