An accomplished business executive with over two decades of experience, Chris Jamroz serves as CEO of STG Holdings, which oversees North America's largest network of independent container freight station facilities. In addition to his work at STG, Chris Jamroz serves on the board of directors for Emergent Cold, a leading company in the temperature-controlled storage industry.
According to a 2017 report by Grand View Research, Inc., the global cold storage market is expected to reach $212.5 billion by 2025. This represents an unprecedented 12.4 percent compound annual growth rate over an eight-year forecast period. In 2016, the global cold storage market was valued at just under $74 billion.
The Grand View Research report cites increasing market demand for refrigerated storage as one of the driving forces behind the growth in the industry. The increased market demand correlates with increasing trade of perishable products and growing organized retail sectors in emerging economies such as China and India.
Industry leaders looking to expand in emerging markets in the coming years will be challenged by a lack of infrastructure and reliable power supply. However, government initiatives to develop infrastructure coupled with improvements in warehouse management and refrigerated transportation will help support market growth during the forecast period.
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