Cold storage and transportation

Cold storage and transportation

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Cold storage and transportation
Cold storage and transportation
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Beverage Retail
Business Model Description

Develop and operate affordable and energy efficient pre-cooling and cold storage facilities for small and medium size farmers and cooperative societies, and provide refrigerator transportation systems to large cold storage facilities.

Expected Impact

Reduce post-harvest losses and generate higher incomes for farmers.

How is this information gathered?
Updated: 8 Jul, 2021 Date of Production: 1 Feb, 2021
Kenya
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
5% - 10% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Decent Work and Economic Growth (SDG 8) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Industry, Innovation and Infrastructure (SDG 9) Reduced Inequalities (SDG 10)

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Sector Sources
  • 1) World Bank (2020). Kenya Economic Update: Turbulent Times for Growth in Kenya. 2) World Bank database, 2020. https://data.worldbank.org/ 3) ISIC Classification Revision. Comparative Industry Forecast Tables - Agriculture. 4) International Food Policy Research Institute (2018). Post-Harvest Losses in Fruits and Vegetables: The Kenyan Context. http://ebrary.ifpri.org/utils/getfile/collection/p15738coll2/id/132325/filename/132536.pdf 5) World Economic Forum (2019). Challenges facing Africa's female farmers. https://www.weforum.org/agenda/2019/10/challenges-facing-africas-female-farmers/ 6) Mercy Corps (2020). Agricultural Logistics in Kenya: Landscape and Solutions. https://www.mercycorpsagrifin.org/2020/09/08/agricultural-logistics-in-kenya-landscape-solutions
IOA Sources
  • 7) Market Data Forecast (2019). Middle East And Africa Cold Chain Market. https://www.marketdataforecast.com/market-reports/middle-east-and-africa-cold-chain-market 8) Badelt, G. (2019). 'De-carbonizing the post-harvesting phase of the agri-food chain Viability and smart business modeling', GeoCode International. https://unfccc.int/sites/default/files/resource/UNFCC_pptHandout.pdf 9) Nair, S. (2015). Investment Viability of Cold Storage Infrastructure for Agricultural Produce in Telangana State. State Agricultural University. http://krishikosh.egranth.ac.in/handle/1/80309 10) PwC analysis based on Prof. A. Damodaran data, 2020. 11) Farmers Review Africa (2020). Cold Solutions Kenya to invest US $70 in state-of-the-art storage warehouses in the country. 12) Okoth, E. (2020). Kenya: Revealed - If You Live Here, Power Outages Will Likely Dim Your Life. allAfrica.com. https://allafrica.com/stories/202009180832.html 13) World Bank (2018). Kenya Charts Path To Achieving Universal Access To Electricity. https://www.worldbank.org/en/news/feature/2018/12/06/kenya-charts-path-to-achieving-universal-access-to-electricity#:~:text=Kenya%20now%20has%20the%20highest,still%20lack%20access%20to%20electricity 14) Global Cold Chain Alliance (2015). Kenya Cold Chain Assessment. https://www.gcca.org/system/files/Kenya%20Cold%20Chain%20Assessment%20final%20report%202%2016%2018.pdf 15) Sainathan, P. (2018). 10 Potential Risks in Cold Chain Management. Blog.roambee.com. https://blog.roambee.com/supply-chain-technology/10-potential-risks-in-cold-chain-management 16) International Food Policy Research Institute (2018). Post-Harvest Losses in Fruits and Vegetables: The Kenyan Context. http://ebrary.ifpri.org/utils/getfile/collection/p15738coll2/id/132325/filename/132536.pdf 17) Cold Hubs. In developing countries, 45% of food spoils mainly due to lack of cold storage. http://www.coldhubs.com/ 18) James, S. and James, C. (2010). 'The Food Cold-Chain And Climate Change', Food Research International, 43, 1944-1956. https://ucanr.edu/datastoreFiles/608-150.pdf 19) Smith, P., House, J., Sobocka, J. et al. (2016). 'Global Change Pressures on Soils from Land Use and Management', Global Change Biology, 22(3), 1008–1028. https://hal.archives-ouvertes.fr/hal-01444070/document 20) Republic of Kenya (2018). Third Medium Term Plan 2018 – 2022 Transforming Lives: Advancing Socio-economic Development Through The 'Big Four'. 21) Ministry of Agriculture (2019). Agricultural Sector Transformation and Growth Strategy: Towards Sustainable Agricultural Transformation and Food Security in Kenya 2019-2029. 22) Global Cold Chain Alliance (2015). Kenya Cold Chain Assessment. https://www.gcca.org/system/files/Kenya%20Cold%20Chain%20Assessment%20final%20report%202%2016%2018.pdf 23) Food Crops Industry Bill 2020. https://www.kilimo.go.ke/wp-content/uploads/2020/10/DRAFT-FOOD-CROPS-INDUSTRY-BILL-FINAL.pdf 24) Kenya Bureau of Standards (2018). Warehousing and storage of roots and tubers — Requirements. http://www.puntofocal.gov.ar/notific_otros_miembros/ken629_t.pdf 25) KENIvest. Investment Incentives. http://www.invest.go.ke/starting-a-business-in-kenya/investment-incentives/ 26) Match maker Associates (2017). Horticulture Study - Phase 1: Mapping of production of fruits and Vegetables in Kenya. https://www.agroberichtenbuitenland.nl/binaries/agroberichtenbuitenland/documenten/rapporten/2017/03/01/mapping-of-production-of-fruits-and-vegetables-in-kenya/Scoping-horticultural-study-Kenya-2017.pdf 27) Energy Base (2020). Transforming Kenya's cold chain. https://energy-base.org/news/transforming-kenyas-cold-chain/ 28) Deutsche Welle (2013). Women take over Kenya's farming sector. https://www.dw.com/en/women-take-over-kenyas-farming-sector/a-16716322 29) SDG Tracker (2021). End poverty in all its forms everywhere. https://sdg-tracker.org/no-poverty