b'JUNE 26 - JULY 23, 2023TEMPERATURE-CONTROLLED LOGISTICS 37(RACKINGcontinuedating the markets growth paceareutilizedtostorevari-from page 32) throughout the forecast period. ousautomotivespareparts isexpandingasaresultofandautomobiles.Increased robusteconomicexpansioni ncreaseda ccepTance motor vehicle sales in the UK and urbanization. E-commerceofw areHouser acking aredrivingmanufacturers. To isquicklybecomingapopu- s ysTems ini ndia implementindustrialshelving lar way for customers to buyTherapidexpansionofsystemstomaximizestorage consumerproducts,resultingIndias e-commerce industryarea utilization. With these ele-in a high need for warehous- isboostingmarketgrowth.ments behind it, the UK market ing. ThisisprojectedtohelpWithsalesexpectedtoexpandis expected to rise rapidly in the thehighlightedmarketgrowata7.2%CAGRoverthefuture years.duringtheforecastperiod.assessment period.Furthermore, shopping conve-In India, the shift from tradi- c ompeTiTivel andscape(SPURTcontinued fromeverwerebeforebecausenience is one of the numeroustionalbrick-and-mortarstore- Daifuku, SsiSchaefer, Inter-page 36) ofdecarbonizationreeferaspects driving consumer inter- fronts to online retail platformsroll,Dematic,Vanderlande, theChinamarket,Goingfleetsaregoingtoalsobeest in online channels. is increasing. This is driving theAK Material Handling Sys-backtoCOVID,therewasreplacedinashortertime-Furthermore,supermarkets,demandforeffectivestoragetems,Beumer,Constructor, some restrictions on inboundframe. The replacement ratiohypermarkets,andconveniencesolutionsandsalesofware- Dmw&H,GodrejStorage cargogoingintoChinaI would say would be maybestores have traditionally beenhouse racking equipment. Solutions,WarehouseRack becauseofCOVIDinspec- higheranddurationswouldtheprimarysaleschannels&ShelfLLC.,andSteel tions. So, that was certainly abe shorter because of decar- forconsumergoods.Tradi- a uTomakersi nvesT in King Industries, Inc. among risk for shippers, and I thinkbonization requirements. tional retail establishments sellw areHouses Helvingu niTs others are some of the lead-thatsinceobviouslythatsTuthillbelievesthatthea variety of brands offered byThewarehouserackinging players operating in the allbeenrestoredtonormaldecarbonizationeffortswillvendors.Allowingcustomersmarket in the UK is expectedwarehouserackingmarket operations,theresnotthatfundamentallychangetheto readily select the best brandstoregistera3.0%CAGRand are employing smart pro-impactanymore.Adding,reeferindustryfromtheavailable. Vendors rising empha- over the forecast period, accord- motionalstrategies,adver-Generally speaking, I thinkgroundup,Justmyviews,sis on raising retail sales anding to FMI. tisements,andnewproduct thatbothinboundandout- (SPURTcontinued onretailer expansion fuel demand In the automotive industry,launches to gain a competi-bound out of China, since thepage 43) for warehouse racking, acceler- warehouserackingsystemstive edge in the market.reopening has improved. So, theresbeensomeimprove-ment in momentum [for per-ishables]relativetogrowth into and out of China. Still, thereareobviouslysomeDecarbonizationsourcing considerations, both intoandoutofChinathat kindoftiestosomeofthe other political framework inIs Our Priorityterms of sourcing from alter-native areas. This is going to starttoimpactsomeofthe cargo flows.T ecHnology , d ecarBonizaTion andr eefersTechnology is intrinsic to the reefer business, if for no other reason than the refriger-ants themselves. But the rise ofAIandothertechnologi-calinnovationshaveopened the door to a whole new array of applications. But just how willAIimpactthereefer market?AndofAITuthill says,Whetherthat[AI] enhanceswhatwecurrently have or whether that starts to streamlinethedeliveryload-ing and the planning process isgoingtobeinteresting, because I think theres going to be applications tied to that [process]. The conveyance of reefer cargo has a lot of upside using more technology.Andfortheshipping industrytheelephantinthe roomisdecarbonization. The decarbonization compli-ance regulations and because thats going to be such a big priority,itllbetiedallthe waybackintorefrigerated container movement becauseSustainable Low GWP Food WasteEnergyof the machinery, because ofTechnology Refrigerants Mitigation Tech Efficiencytherefrigerant,becauseof the energy demand, and effi-ciencyall of that will have a big, big impact on how theIts not just the boxvesselsoperate.TheenergyIts not just the boxits our commitment to investing demandrelatedtooperat- in decarbonization solutions bundled with leading edge ing the reefer fleet on boardtechnology that makes the difference.[thecontainership]isgoing to have a direct impact on allVisit www.seacubecontainers.com to learn more. seacubecontainers.comthat. So, just like vessels are being replaced probably in a shorter cycle time than they BSYA 1033 Seacube 30 Decarbon AJOT Temp Control 8x10.indd 1 6/15/23 10:33 AM'