- In July 2024, Lineage Logistics, the world's largest temperature-controlled warehousing company, announced plans for a significant IPO aiming to raise up to $3.85 billion. The company has been actively expanding in the Asia-Pacific region, including acquisitions like Emergent Cold and Mandai Link Logistics, enhancing its cold chain infrastructure across the area.
- In August 2024, Sensitech, a subsidiary of Carrier Global, acquired the monitoring solutions division of Swiss company Berlinger & Co. AG. This move aims to bolster Sensitech's capabilities in providing comprehensive cold chain monitoring solutions, particularly benefiting the pharmaceutical and life sciences sectors in the Asia-Pacific region.
- In September 2024, Varcode introduced an enhanced version of its Smart Tag VI, featuring a visual indicator to improve temperature monitoring for sensitive products. This innovation is designed to streamline operations and enhance safety across various industries, including cold chain logistics in the Asia-Pacific market.
- In November 2024, In collaboration with SAP, Fusion Consulting developed a Cold Chain Management Solution (CCMS) built on the SAP Business Technology Platform. This solution aims to ensure the integrity of temperature-sensitive products, such as medicines and vaccines, throughout the supply chain, addressing the needs of the Asia-Pacific healthcare sector.
- In April 2024, Tower Cold Chain announced the integration of live tracking technology into its KTEvolution containers, developed by ELPRO. This advancement provides real-time cargo visibility, crucial for pharmaceutical applications in the Asia-Pacific region, by detecting parameters like shock, tilt, temperature, and location.
