Cold storage, a vital part of the food and pharmaceutical supply chain, is a big business in America. According to market analysis, the cold chain industry is predicted to grow at a whopping 17.9% per annum to reach $585 billion by 2026, says a report in Forbes magazine. Regardless of whether you need a short-term or a long-term cold storage solution, picking the right storage facility is critical. Some important considerations:
Track Record and Reputation
There can be a vast difference in cold storage facilities not only in terms of their capacities and capabilities. You also need to check their reputation and track record of having handled clients, both large and small. In a competitive sector, the track record is a critical evaluation factor, and most cold storage companies will gladly share customer testimonials and contacts that you can use to check for feedback. By talking to a few of their clients, you will know what their experience has been.
The location of the cold storage is vital for selecting a suitable facility. Ideally, the location of the cold storage has to be near the place of production or consumption. Visit this online resource for a list of recommended reading on optimizing cold storage locations. It is required for minimizing trucking expenses and fuel consumption as well as reducing the carbon footprint. The mode of transportation can play a vital role in the selection of the cold storage facility.
In addition to keeping your products fresh and safe, one of the most important functions of a cold storage facility is making shipments to end-users. The products in cold storage must reach users on time and as per the expected delivery schedule. Ask to see their shipping records and go only with companies that have an outstanding shipment timing record, otherwise, you will end up putting your reputation on the line.
Truck Turnaround Time
The time taken for loading and unloading trucks is termed the turnaround time. For efficiency of operations and minimization of costs, the cold storage facility needs to have the minimum turnaround time for trucks leaving and arriving at the facility. A turnaround time of more than 15 minutes should not be acceptable. Detention of trucks due to slow or poor service is a strict no-no, especially in the transportation and warehousing agency where time is of critical importance.
Accurate Inventory Monitoring
Large cold storage facilities carry products from multiple producers and ship to various destinations. The variety of the products can be massive and without an accurate inventory monitoring system in place, your distribution chain can easily break down leading to unhappy customers and loss of revenue and reputation. Check whether the facility you are considering has a good inventory management system.
Partnering with an efficient cold storage facility can give you a competitive edge. It is, for this reason, you must make the selection with great care. Try to go with companies that have experienced management at the helm as well as professional employees with a commitment to customer satisfaction.