The global smart food logistics market is expected to grow at a significant CAGR during the forecast period. The rapid rise in the prevalence of e-retail in the food and retail sector is driving the expansion of the global smart food logistics market. Logistics is an important element of the storage, shipping, and delivery of products ordered online, it has boosted the market growth. Besides that, the emergence of artificial intelligence (AI) has enabled logistics firms to improve delivery efficiency.
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A power shift from producers to retailers has come from rapidly changing dietary habits, increased demand for packaged food, and tight regulations regarding packing and storage. The primary drivers of automation and technology adoption in the food and beverage logistics industry include processes that focus on zero contamination, accurate storage, and high-speed storage and retrieval activities. For instance, in September 2020, third-party food logistics company Freez Pak Logistics announced plans to establish a 140,000 square-foot facility in the US, including an automated storage and retrieval system. The building will be provided with 12 robots that can retrieve and keep stuff automatically. Increasing advanced technology and increasing the superior control of goods will drive the smart food logistic market growth globally.
Furthermore, in October 2020, ZENRIN Logistics Service has adopted the LYNA Logics AI automatic vehicle dispatch engine as it offers a full range of services, from AI-based vehicle dispatch planning to route guiding using Zenrin’s housing map data, as well as management and monitoring of company progress. Furthermore, in 2020, Lyna Logics plans to recognize optimal vehicle allocation planning and operation management that considers various restrictions at the site and to strongly promote the efficiency of a wide range of transportation and delivery operations from EC and home delivery to B2B transportation by combining the technologies of both companies.
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Market Coverage
- Segment Covered-
o By Product
o By Transportation
o By Service
- Competitive Landscape- AmeriCold Logistics LLC, Deutsche Bahn (DB) Schenker AG, C.H. Robinson Worldwide, Inc., Schneider National, and CaseStack.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Smart Food Logistic Market by Segments
By Product
o Fish, Shellfish, and Meat
o Vegetables, Fruits, and Nuts
o Cereals, Bakery and Dairy Products
o Coffee, Tea, and Vegetable Oil
o Others
By transportation mode
o Railways
o Roadways
o Seaways
o Airways
By Service type
o Cold Chain
o Non-Cold Chain
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