Thermal Packaging Specialist partners with multimodal solutions provider
German thermal insulation packaging specialist via-Q-tec AG says it is strengthening its position in the Chinese market after partnering with freight transport group Worldwide Logistics. The pair are opening a new TempChain Service Centre (TSC) in Shanghai to offer clients a comprehensive portfolio of safe, cost-efficient and green temperature-controlled packaging solutions.
China’s pharmacy market is, after the US, the second biggest globally. Projections estimate that it will reach a size of $200 billion by 2022. Local pharmacy companies are growing at an above-average rate and major global healthcare players are pushing into the country where there is big potential. The annual growth rates of the demand for temperature-controlled transportation and storage are the highest in the world, both for outbound business and domestic distribution.
Source: Industry Global News