Buy It or Build It: Understanding M&A and Capex in the Southern European Cold Chain Market

The market in southern Europe is delivering mixed signals for cold chain operators. Domestically, perishable food consumption is stagnating, but there are increased trade opportunities for perishable food.

According to Matteo Iagatti, F&A supply chains analyst: "This has proved a catalyst for cold chain services demand growth in Spain and Portugal. In Italy, the combined effect of the trends in domestic perishable food demand and trade provided less impulse to the cold chain sector. Cold chain companies have shown different strategies for dealing with these market signals."