Atlanta- Stord, the Cloud Supply Chain Company, and Fresh Del Monte, a global producer, distributor, and marketer of food products, announced a collaboration that will utilize Stord’s Cloud Supply Chain solution and Fresh Del Monte’s cold storage infrastructure.
Fresh Del Monte has 22 best-in-class facilities that are now available to Stord customers and integrated with Stord’s cloud technology. Now, brands requiring temperature or humidity-controlled logistics will have a proven, reliable option.
With this collaboration, Stord furthers its mission of making supply chains a competitive advantage for all brands, bringing Stord’s same Cloud Supply Chain innovation for ambient goods to the cold fulfillment space.
Demand for cold storage is increasing rapidly as grocery sales via e-commerce channels continue to rise. As of last Fall, refrigerated and frozen foods accounted for 9% and 13%, respectively, of total e-commerce grocery sales, up from 4% for each category in early 2020.
While most brands still struggle to piece together disparate logistics solutions and disconnected technology, with Cloud Supply Chain, Stord offers all the physical logistics and digital technology that brands need in a scalable utility-based model. Now, brands selling frozen, refrigerated, and chilled products achieve the same best-in-class operations that hundreds of Stord customers—like BODYARMOR, Thrasio, Dollar General, Native, and Advance Auto Parts—currently enjoy.
This announcement further cements Fresh Del Monte’s mission to continuously leverage its underutilized assets while also underscoring Stord’s continued momentum and comes on the heels of Stord increasing its network capacity and extending its Series D round to over $200M in funding at a valuation of $1.3B with a new investment led by Franklin Templeton.