Cold storage and transportation

Cold storage and transportation

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Cold storage and transportation
Cold storage and transportation
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Develop and operate cold storage facilities and refrigerated transportation systems for farmers for perishable foods, such as fruits or animal products.

Expected Impact

Address post-harvest losses saving perishable food items

How is this information gathered?
Updated: 8 Jul, 2021 Date of Production: 1 Feb, 2021
Ghana
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
< 5% (CAGR)
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Industry, Innovation and Infrastructure (SDG 9) Life on Land (SDG 15)

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Sector Sources
  • (1) World Bank database. https://data.worldbank.org/ (2) IHS Markit. Comparative Industry Forecast Tables, Agriculture, ISIC Classification Rev. 4. (3) Republic of Ghana (2017). Medium-Term National Development Policy Framework: An Agenda for Jobs: Creating Prosperity and Equal Opportunity for All (First Step) 2018-2021. https://s3-us-west-2.amazonaws.com/new-ndpc-static1/CACHES/PUBLICATIONS/2018/08/23/Medium-term+Policy+Framework-Final+June+2018.pdf (4) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F. 2020. The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. (5) Ministry of Food and Agriculture (2018). Investing For Food and Jobs (IFJ): An Agenda for Transforming Ghana’s Agriculture (2018-2021). https://mofa.gov.gh/site/images/pdf/National%20Agriculture%20Investment%20Plan_IFJ.pdf (5b) Send Ghana (2014). Women and Smallholder Agriculture in Ghana - Policy Brief 2014. https://www.sendwestafrica.org/phocadownload/Women%20and%20Smallholder%20Agriculture%20in%20Ghana%20Policy%20Brief%20-%20Copy.pdf (6) Darfour, B. and Rosentrater, K.A. (2016). Agriculture and Food Security in Ghana. https://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1482&context=abe_eng_conf (7) Abroquah, S. (2020). 'Impact of COVID-19 on Ghana’s Agriculture – In the Eyes of a Youth Farmer'. Impacter, 29 June. (8) APHLIS Database. Dry weight loss: Ghana - All crops - All years. https://www.aphlis.net/en/page/20/data-tables#/datatables?tab=dry_weight_losses&metric=fin&country=279&valuechainstep=1 (9) Fitch Solutions (2020). Ghana Food and Drink Report, Q2 2020. (10) Ghana Investment Promotion Centre (2017). Doing business in Ghana - To Know and Invest in Ghana. (11) Ghana Investment Promotion Centre. Ghana incentives inventory. https://www.gipcghana.com/press-and-media/downloads/promotional-materials/33-ghana-incentives-inventory/file.html (15) Send Ghana (2014). Women and Smallholder Agriculture in Ghana - Policy Brief 2014. https://www.sendwestafrica.org/phocadownload/Women%20and%20Smallholder%20Agriculture%20in%20Ghana%20Policy%20Brief%20-%20Copy.pdf (16) Food and Drug Authority (2020). Food and Water Safety During Power Outages and Floods. https://www.fda.gov/food/buy-store-serve-safe-food/food-and-water-safety-during-power-outages-and-floods
IOA Sources
  • (I) Savannah Accelerated Development Authority (2016). Toward Inclusive Agriculture-led Economic Transformation of The Northern Savannah Zone of Ghana. December. (II) Ridolfi, C., Hoffmann, V. and Bara, S. (2018). 'Post-Harvest Losses: Global Scale, Solutions, and Relevance to Ghana'. International Food Policy Research Institute. http://ebrary.ifpri.org/utils/getfile/collection/p15738coll2/id/132322/filename/132532.pdf (III) Godamwale (2020). Starting a Cold Chain logistics - An Alternative approach. https://medium.com/@Godamwale_/is-starting-a-cold-storage-business-in-india-profitable-12a489301baa (IV) Shell Foundation (2019). The ‘Cold Chain’ Opportunity: Reducing Postharvest Losses and Increasing Market Access for Rural Farmers. https://shellfoundation.org/feature_posts/the-cold-chain-opportunity/ (V) Market Data Forecast. Middle East And Africa Cold Chain Market. https://www.marketdataforecast.com/market-reports/middle-east-and-africa-cold-chain-market (VI) Yilmaz, D. and Yilmaz, I.C. (2020). 'Comparative Cost Assessment of Cold Storage Plants and Natural Storage Structures for Potato'. Potato Research. https://link.springer.com/article/10.1007/s11540-020-09454-0 (VII) Badelt, G. (2019). 'De-carbonizing the post-harvesting phase of the agri-food chain Viability and smart business modeling'. GeoCode International. https://unfccc.int/sites/default/files/resource/UNFCC_pptHandout.pdf (VIII) Food and Drug Authority Ghana. https://www.fdaghana.gov.gh/food.php (IX) Alliance for a Green Revolution in Africa (2019). The Agribusiness Deal Room at the 2019 African Green Revolution Forum (AGRF). https://agrf.org/dealroom/wp-content/uploads/2020/07/Agribusiness-Deal_Room-AGRF-booklet_020919.pdf (X) German Corporation for International Cooperation (2016). Promoting Food Security and Safety via Cold Chains, https://energypedia.info/images/2/2d/GIZ_%282016%29_-_Promoting_Food_Security_and_Safety_via_Cold_Chains.pdf (XI) Badger Australia. Is Working in Cold Storage Bad for your Health? https://www.badgeraustralia.com.au/blog/is-working-in-cold-storage-bad-for-your-health/