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Nov 2, 2007

TRANSPORT INTELLIGENCE * China - Survey: Cold chain modernisation needs foreign help

Australia -Supply Chain Review -October 29, 2007: -- Australian companies with the expertise and resources needed to fill the gaps in China’s inadequate cold chain logistics stand to benefit from a projected USD$160 billion in annual cost savings that a modernised system could deliver... That's according to a new study by A.T. KearneyChina’s Cold Chain Challenges which reveals the country’s broken food safety process will be overwhelmingly insufficient in meeting the expected US$650 billion (US$150 billion in 2007) in food spending by China’s middle-class in 2017... It also shows that ignoring China’s problematic cold chain logistics poses a significant risk to food manufacturers, with consumers ready to dump brands involved in food safety incidents...

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