While the pandemic put many things on pause, it also sped up certain aspects of life as we know it. Cold storage – e-Commerce fulfillment centers that stow and send food direct to consumers and retailers – experienced exponential growth.
Factors such as rising food sales and increasing online grocery shopping are driving growth. Add in the pandemic and we’ve created demand that shows no signs of declining. In fact, industry experts estimate an additional 100 million square feet of cold storage space will be needed over the next five years.