In a world where the average cold storage facility is four decades old and demand continues to surge, navigating the landscape of real estate for refrigerated or frozen space becomes a monumental challenge for businesses of all sizes.

About a month ago, we received an inquiry from a government contractor asking if our company, Yukon Ventures, would be interested in a top-secret cold storage opportunity. We read between the lines and understood that the contractor was talking about the rollout of the new COVID-19 vaccine, a subject dominating headlines everywhere. 

Americold is implementing a new Rainwater Harvesting Program that replaces municipal water with rainwater to cool its equipment, resulting in significantly reduced water consumption and cost savings. 

The Global Cold Chain Alliance (GCCA) released first-quarter data showing the general major cost structure of operating refrigerated warehouses. The cost of labor was once again the largest share of expenses, followed by property rent/lease/mortgage costs.