HOME Research Insight New Product Launches, Strategic Acquisitions, and Expansions were the core Strengths of the leading players in the Refrigerated Transport Market

New Product Launches, Strategic Acquisitions, and Expansions were the core Strengths of the leading players in the Refrigerated Transport Market

The key players in the refrigerated transport market include Nestlé (Switzerland), Tyson Foods, Inc. (US), The Kraft Heinz Company (US), General Mills Inc. (US), Smithfield Foods. (US), Kellogg Co. (US), Conagra Brands, Inc. (US), Kerry Group (Ireland), Del Monte Pacific Ltd (DMPL) (US), and ARYZTA AG (Switzerland). Innovative new product launches, strategic acquisitions, and expansions were the core strengths of the leading players in the refrigerated transport market; these strategies were adopted by the players to increase their market presence. They also helped the players diversify their businesses geographically, strengthen distribution networks, and enhance their product portfolios. Market leaders such as Nestlé (Switzerland), Tyson Foods, Inc. (US) successfully tapped the potential markets through new product launches, expansions, investments, and acquisitions.

Agreements, partnerships, collaborations, and joint ventures are the key strategies adopted by market players to achieve growth in the refrigerated road transport market. United Technologies Corporation (US), Daikin Industries (Japan), Ingersoll Rand Inc. (Ireland) and China International Marine Containers (China) are the major companies that adopted these strategies.

Tyson Foods, Inc. (US) is one of the world's biggest food companies and is involved in the production of chicken and wide variety of fresh, value-added, frozen and refrigerated food products.  The company operates in four segments namely chicken, beef, pork, and prepared foods. The distribution of frozen food is done through Hanson Logistics (UK) which supports the end-to-end temperature-controlled distribution, transportation, warehousing and supply chain services, including multi-vendor consolidation services of the company. As of July 2017 Tyson Foods invested USD 59.7 million and set up its new distribution center in Pottsville, Pennsylvania. This new facility was expected to help strengthen the growth of the company in this region.

The Kraft Heinz Company (US) is the 5th largest food and beverage company in the world. The company provides high-quality and nutritious food products to its customers. Kraft Heinz have significant global transportation networks to get supplies to and from their factories and deliver their products to the market. The company embarked on two major projects, one focused on truck transportation and a second focused on yard management. By improving the efficiency of its carriers, it has resulted in significant dollar savings and a reduction in Kraft's supply-chain carbon footprint. As of January, 2017 Kraft Heinz Company Kraft Heinz launched VELVEETA Stuffed Grilled Cheese and VELVEETA Cheesy Bites. This launch was expected to help the company to expand its market share.

Related Reports:

Refrigerated Transport Market by Product Type (Chilled and Frozen), Mode (Road, Sea, Rail, and Air), Vehicle Type (LCV, MHCV, and HCV), Technology (Vapor Compression Systems and Cryogenic Systems), and Region - Global forecast to 2022

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