New opportunities spur high-tech logistics investments

 

The rising trend of purchasing perishable products online has led to new opportunities and challenges. According to a report from Grand View Research, this trend spurred the need for innovative solutions to provide last-mile delivery, automated warehouses to manage inventories, reduced per-item costs, and low-cost and advanced temperature monitoring devices to maintain the safety of fresh food products.
And since the pandemic has disrupted food supply chains, more companies are investing in high-tech logistics facilities in the Asia-Pacific region.
Recently, Yum China Holdings announced building a high-tech logistics centre with integrated supply chain services, Internet of Things (IoT) technology, big data platforms, and cold chain logistics facilities. Located in Chengdu’s Chongzhou district, the company is investing RMB 183 million (US$28 million) into the facility.
The pandemic in 2020 reinforced the company’s determination to further invest in a supply chain infrastructure, said Joey Wat, CEO of Yum China.
Presently, Yum China had 25 logistics centres and seven consolidation facilities, covering more than 1,500 cities. The company said it uses its logistics facilities' extra capacity to provide one-stop, customised solutions to third-party firms. (Image from Unsplash)