Oct 30, 2023

Jayud Global Logistics Expands Operations with Cold Storage Facility Lease

Jayud Global Logistics Limited, a leading end-to-end supply chain solution provider in Shenzhen, China, has announced a significant expansion of its operations. The company has signed a contract with Shenzhen Shennong International Logistics Development Co., Ltd. to lease cold storage facilities for frozen and refrigerated products.

As part of the expansion, Jayud will add a state-of-the-art cold storage facility to its warehouse. The warehouse currently operates a 30,000 square meters area, with 10,000 square meters dedicated to temperature-controlled storage and another 10,000 square meters dedicated to dry storage. This addition will provide storage space for dry, room temperature, refrigerated, and frozen products, meeting diverse logistics needs.

The Chairman of the Board of Directors and CEO of Jayud, Mr. Xiaogang Geng, stated that this expansion positions the company to take advantage of the thriving cold chain logistics market in China. The goal is to ensure reliable, efficient, safe, and cost-saving transportation and storage of frozen and refrigerated products. Jayud aims to deliver safe, quality-assured, and diverse food products to consumers across China.

The expansion aligns with the growth of China’s cold chain logistics market, which experienced double-digit growth in 2020, reaching a market size of US$58 billion. Projections indicate that by 2025, the market size is expected to reach approximately US$126 billion. Market research firm Mordor Intelligence forecasts that the market will expand from US$77.97 billion in 2023 to US$125.97 billion by 2028, with a compound annual growth rate of 10.07%.

With China being a significant producer of vegetables, fruits, meat, eggs, and aquatic products, there is a growing demand for efficient and expansive cold chain logistics. The rising middle class and upper-middle class consumer population further fuels the need for a diverse range of fresh agricultural products, with a focus on food safety and quality.

Jayud Global Logistics Limited is headquartered in Shenzhen and offers comprehensive cross-border supply chain solution services. The company operates logistics facilities in major transportation hubs in China and globally, with a presence in 12 provinces in Mainland China and 16 countries across 6 continents. With its strong service capabilities and proprietary IT systems, Jayud provides customized and efficient logistics solutions.