What are the trends in the trade economy of the refrigeration industry?

The global refrigeration industry continues to grow. Currently, its market value exceeds 115 billion US dollars. The cold chain trade industry is developing rapidly, and the trade competition is fierce. The markets in the Asia-Pacific, North America, Europe, and the Middle East are still growing.

International trade policies have a significant impact.

We all know that policies bring both opportunities and challenges. Commonly, the prices of raw materials for cold chain trade fluctuate. When the material prices are low, suppliers will increase their purchases and improve the production rate of goods. When encountering high raw material prices, they will reduce trade exports, and the export prices of goods will also increase.

Knowledge and technological innovation changes

The entire refrigeration industry is inseparable from the development of science and technology. The refrigeration industry includes freezers, commercial refrigerators, etc., which are all inseparable from innovation. Some enterprises are relatively small in scale. In the face of the trade market, they still adhere to innovating in the production of medium and high-end products, providing high-quality services, and winning the recognition of users. In the face of market competition, it is very important to formulate a development strategic direction if they want to achieve rapid economic growth.

Breaking through the “cage” of the business model

The business model of cold chain trade is quite obvious. Everyone is making profits from the “price difference”. The traditional model is to obtain more market resources. The traditional model is like a “cage”, which is beneficial to well-known brands and large-scale enterprises, but it is a “cage” for niche enterprises. Breaking through this business model means innovation.

The future economic direction is based on innovation. The biggest scientific and technological innovation in recent years is artificial intelligence. I think that if this new technology can be applied to the industry, the wealth it will bring will be enormous.