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Keeping it Cool: KSA Cold Chain Market Booms at 8.4% CAGR, Fueled by Food Security, Pharma Growth, and Tech Innovation: Ken Research
The Kingdom of Saudi Arabia cold chain market is experiencing a frosty surge, driven by rising food security concerns, a booming pharmaceutical sector, and the adoption of cutting-edge technologies. Ken Research’s comprehensive report, KSA Cold Chain Market Outlook to 2028: Chilled for Growth, delves into this dynamic landscape, projecting a remarkable 8.4% CAGR over the next five years. This press release summarizes the key findings and offers valuable insights for investors, logistics companies, and stakeholders seeking to tap into this flourishing market.
Market Overview:
Several key factors are propelling the KSA cold chain market towards a bright future:
Food Security Focus: The government’s ambitious food security goals necessitate efficient cold chain infrastructure to minimize food spoilage and waste. This includes investments in refrigerated warehouses, transportation solutions, and advanced technologies.
Pharmaceutical Boom: The Kingdom’s burgeoning pharmaceutical industry requires robust cold chain solutions for transporting and storing temperature-sensitive medicines and vaccines. This presents a significant opportunity for specialized cold chain logistics providers.
E-commerce Growth: The rise of e-commerce for perishable goods like groceries and pharmaceuticals is driving demand for last-mile cold chain solutions. This necessitates the development of efficient and cost-effective delivery networks.
Rising Disposable Incomes: Increasing disposable incomes are leading to higher consumption of fresh and processed food, further boosting the demand for cold chain solutions across the food retail sector.
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Segmentation Spotlight:
Ken Research provides a detailed segmentation of the market, allowing you to pinpoint your target audience effectively:
By Product: Fruits & Vegetables, Meat & Poultry, Seafood, Pharmaceuticals & Biologicals, and Dairy Products are the major segments.
By Service: Refrigerated transportation dominates, followed by cold storage and warehousing. Value-added services like packaging and temperature monitoring are gaining traction.
By End-user: Retail, food & beverage processing, and pharmaceuticals are the primary users. Healthcare and agriculture are expected to see significant growth.
By Region: Riyadh, Jeddah, and Dammam hold the largest market share due to their high population density and economic activity. However, emerging regions are attracting investments in cold chain infrastructure.
Competitive Landscape:
The KSA cold chain market features a mix of established players and innovative newcomers:
Global Giants: DHL Supply Chain, Kuehne + Nagel, and C.H. Robinson Worldwide offer global expertise and extensive networks.
Regional Players: GAC Saudi Arabia, Saudi Logistics Services (SAL), and Al-Othaim Logistics cater to local needs and regulations.
Specialized Players: Niche players focus on specific segments like pharmaceuticals or last-mile delivery, offering customized solutions.
Recent Developments:
Investments in Infrastructure: Government initiatives like the National Cold Chain Strategy and the Food Security Program are driving investments in cold storage facilities, refrigerated trucks, and logistics hubs.
Tech Adoption: Companies are embracing technologies like blockchain for track & trace, Internet of Things (IoT) for real-time monitoring, and artificial intelligence (AI) for optimized route planning.
Sustainability Initiatives: Growing awareness of environmental impact is leading to the adoption of green solutions like electric vehicles and energy-efficient cold storage facilities.
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Future Outlook:
The KSA cold chain market is poised for exciting developments in the coming years:
Focus on Sustainability: Environmentally friendly practices like using renewable energy and eco-friendly packaging will gain traction.
Integration with Technology: Blockchain, AI, and automation will be further integrated into cold chain operations, enhancing efficiency and transparency.
Rise of Specialized Services: Niche services like cold chain financing and risk management will cater to specific industry needs.
Expansion into Emerging Regions: Investments in infrastructure and growing demand will drive market expansion into new regions across the Kingdom.
Challenges to Address:
Despite its promising outlook, the market faces some hurdles:
High Initial Investment: The upfront costs of setting up and maintaining cold chain infrastructure can be a barrier for smaller players.
Skilled Workforce Shortage: Attracting and retaining skilled professionals in cold chain management and technology is crucial.
Regulatory Challenges: Streamlining regulations and harmonizing standards across different regions will facilitate seamless cold chain operations.
Why This Report Matters:
This report empowers various stakeholders to navigate the KSA cold chain market:
Investors: Identify lucrative investment opportunities across different segments and technologies.
Logistics companies: Gain insights into emerging trends, customer needs, and regulatory requirements to adapt their offerings and expand their reach.
Policymakers: Develop policies that support infrastructure development, promote technology adoption, and ensure fair market competition.
Food producers and retailers: Understand the cold chain landscape to optimize their supply chains, minimize spoilage, and ensure product quality.
Pharmaceutical companies: Identify reliable cold chain solutions for transporting and storing temperature-sensitive medicines and vaccines.
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Taxonomy
By Type
Cold Storage
Cold Transport
By Ownership
Owned
3PL Companies
By End User
Meat and Seafood
Vaccination and Pharmaceuticals
Frozen Food
Bakery
Dairy Products
Fruits, Vegetables and Others
Cold Storage Market
By Temperature Range
Frozen
Chillers
Ambient
By Automation
Automated Pallets
Non-Automated Pallets
By End User
Meat and Seafood
Vaccination and Pharmaceuticals
Frozen Food
Bakery
Dairy Products
Fruits, Vegetables and Others
By Major Cities
Riyadh
Jeddah
Dammam
Mecca
Medina
Others
Cold Transport Market
By Type of Truck
Reefer Vans/Trucks
20 foot reefers
40 foot reefers and others
By Mode of Transportation
Land
Sea
Air
By Location
Domestic
International
By Vicinity
Inter-city
Intra-city
By End User
Meat and Seafood
Vaccination and Pharmaceuticals
Frozen Food
Bakery
Dairy Products
Fruits, Vegetables and Others
For More Insights On Market Intelligence, Refer To The Link Below: –
KSA Cold Chain Market
Related Reports by Ken Research: –
Australia Cold Chain Market Outlook to 2027 Driven by Rising Meat and Seafood Consumption Owing to Growing demand for Fresh Food
The Australia cold chain market is anticipated to grow with a CAGR of 10.3% due to the ever-growing demand Majority of the end users’ segments are expected to register a robust CAGR in the Australia Cold Chain Market in the upcoming years Demand for perishable food products is expected to increase due to the rising disposable income and retail spending of the people in the country, which will necessitate the development of cold storage facilities and positively affect the market growth.
UAE Cold Chain Market Outlook to 2027 Driven by rising consumption of dairy, meat and seafood, smooth domestic and international connectivity and automation in warehouses
UAE Cold Chain Market is expected to grow at the rate of 4.6% in the forecast period 2022-2027 UAE Cold Chain Market Revenues are expected to be dominated by Cold Storage with over 50% share in 2027 Revenue in UAE Cold Chain Market is expected to grow with a CAGR of 4.8% till 2027 due to rising grocery spending and demand for small and medium storages.
Vietnam Cold Chain Market Outlook to 2026 Driven by Rising Meat and Seafood Consumption and Increasing Awareness of Applying Cold Chain in Protecting Foods in Vietnam
The Vietnam cold chain market is anticipated to grow with a CAGR of 14.8% due to the ever-growing demand Rising demand in future for pharmaceutical products and vaccines are to contribute the highest growth in cold chain market with cold storage Large Scale 3PL Companies are anticipated to contribute the major market share in Vietnam cold chain market by ownership.
Global Cold Chain Market Outlook to 2027 Driven by Rising Import-Export Trade Volume and Domestic Consumption of Meat, Seafood, Fruits and Vegetable, the popularity of Ready to Eat frozen processed food
According to Ken Research estimates, the Global Cold Chain Market will expand at significant rate by 2027, owing to the growing demand of processed ready-to-eat food, rising export volumes, expanding storage capacity and new and advanced technologies.
The post Keeping it Cool: KSA Cold Chain Market Booms at 8.4% CAGR, Fueled by Food Security, Pharma Growth, and Tech Innovation: Ken Research appeared first on HIPTHER Alerts.
Sainsbury’s, a prominent UK supermarket chain, is set to leverage Microsoft’s artificial intelligence and machine learning tools to elevate its store operations and provide customers with a more engaging and convenient shopping experience.
As part of its strategic initiative, the ‘Next Level Sainsbury’s strategy’, the supermarket will integrate generative AI, powered by Microsoft Azure, to enhance its online shopping platform and optimize customers’ search experience. By harnessing AI capabilities, Sainsbury’s aims to offer a more interactive and personalized online shopping journey for its millions of customers across the UK.
In addition to enhancing the online shopping experience, Sainsbury’s plans to equip its store colleagues with real-time data and insights to streamline in-store processes such as shelf replenishment. Leveraging multiple data inputs, including shelf-edge cameras, AI technology will guide colleagues on prioritizing restocking activities, thereby improving efficiency and productivity.
Over the next five years, Sainsbury’s will deploy Microsoft Azure to implement these initiatives, integrating data assets with Microsoft 365 collaboration tools to drive innovation and operational excellence.
Clodagh Moriarty, Chief Retail and Technology Officer at Sainsbury’s, expressed confidence in the collaboration with Microsoft, emphasizing its role in accelerating the supermarket’s ambition to become the UK’s leading AI-enabled grocer. Moriarty highlighted the strategic investment in transformative capabilities, aimed at enhancing efficiency, productivity, and customer service while delivering value to shareholders.
Clare Barclay, CEO of Microsoft UK, commended Sainsbury’s visionary approach, noting its commitment to placing AI at the forefront of its business strategy. Barclay expressed enthusiasm for the collaboration, emphasizing its potential to revolutionize the retail experience for both customers and store colleagues.
The partnership between Sainsbury’s and Microsoft signifies a significant step towards ushering in the next generation of retail, powered by innovative AI-driven solutions.
Source: technologyrecord.com
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Artificial intelligence has made remarkable strides, from passing bar exams to reading bedtime stories with emotion. Yet, despite these feats, it still falls short of matching the intricate nuances of human communication—particularly, the art of sarcasm.
However, researchers in the Netherlands are determined to change that narrative. They have developed an AI-driven sarcasm detector that can discern when sarcasm is being used, a feat previously thought to be exclusive to human cognition.
Matt Coler, from the University of Groningen’s speech technology lab, expresses excitement about the project’s progress. He emphasizes the importance of understanding sarcasm, a pervasive aspect of human discourse, to facilitate seamless communication between humans and machines.
Recognizing sarcasm poses challenges due to its subtlety, especially in text-based interactions where cues like tone and facial expressions are absent. To overcome this, researchers trained their AI using a combination of text, audio, and emotional content from popular sitcoms like Friends and The Big Bang Theory.
The AI, trained on annotated data from these shows, demonstrated an impressive ability to detect sarcasm in unlabelled exchanges from the sitcoms, achieving an accuracy rate of nearly 75%. Further enhancements are underway, including incorporating visual cues like eyebrow movements and smirks, to improve accuracy even more.
Beyond enhancing interactions with AI assistants, this technology holds potential for detecting negative language and identifying instances of abuse or hate speech. However, as AI becomes more adept at understanding sarcasm, questions arise about its potential to wield sarcasm itself.
Coler muses about the implications of machines responding with sarcasm, raising concerns about clarity in communication. Nonetheless, advancements in AI-driven sarcasm detection offer promising prospects for improving human-machine interactions and bridging the gap between artificial and human intelligence.
Source: theguardian.com
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Issues surrounding bias in AI are deeply rooted in the accuracy, trustworthiness, and quality of data, which, if overlooked, can significantly skew outcomes. Lyndsey Jones, an AI author and transformation coach, delves into these concerns, offering valuable insights for newsrooms on monitoring and reviewing data.
Madhumita Murgia, an AI journalist and the first artificial intelligence editor of the Financial Times, sheds light on how women, migrants, precarious workers, and minority groups are disproportionately affected by the technical limitations of Generative AI. Murgia emphasizes the lack of representation of these groups in the development process of AI technologies, highlighting the need for inclusive participation.
WAN-IFRA Women In News workshops on the Age of AI in the newsroom have brought bias effects to the forefront. Through the Digital ABCs training program, media professionals are equipped with skills to navigate the digital landscape and drive organizational change.
A newly launched module focuses on AI, with over 100 participants in eastern Europe taking part, now extended to journalists in parts of Africa, the Middle East, and Southeast Asia. Instances of bias surfaced during the training, such as generating offensive avatars and misinterpretation of accents in AI tools.
Google CEO Sundar Pichai’s acknowledgment of biased AI tools reflects ongoing concerns in the industry. Timnet Gebru’s dismissal from Google for highlighting biases further underscores the need for vigilance in addressing these issues.
Diverse teams in WIN’s Age of AI program are experimenting with various tools like fact-checking and enhancing staff skill sets in AI usage. Projects under consideration for further EU funding include a video lab for content amplification and an AI avatar for journalist safety.
Media companies must ensure diverse staff collaboration when testing AI tools. Quotas for women in AI research and cross-border partnerships may be necessary for smaller media groups to compete effectively.
Journalists can take steps to improve content quality by examining storytelling practices and ensuring diversity in sources and representation. Consistency of data collection across departments and assessing biases in data sets are crucial for ethical AI usage in journalism. Ultimately, AI tools should be used to enhance journalism’s quality and integrity, rather than generating clickbait or misinformation.
Source: wan-ifra.org
The post AI, bias and experiments: how Women in News is tackling tech’s inbuilt stereotypes appeared first on HIPTHER Alerts.
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