By Devin Rajaram on Unsplash
B2B model: Provide cold storage for agricultural perishables (containers and bulk cargo) to serve both export businesses and distributors in the domestic market. The service may also additionally cover refrigerated freight, preservation, quality control, goods sorting, and packaging. Examples of enterprises active in the space:
ITL Corporation operates over 300,000 m2 of standard warehousing space in the North and South of Vietnam. It has its own fleet of 300 container prime movers and three main transport hubs in the South, North, and Centre (34). In 2020, the company secured USD 70 million in loans from IFC for investment in cold chain infrastructure (33).
The construction of cold storage systems contributes to ensuring product quality, reducing post-harvest losses, and indirectly benefits the farmers involved