Jayud Global Logistics Limited Expands Operations, Adds Cold Storage And Dry Storage Capacity To Service Rising Demand
Portfolio Pulse from Happy Mohamed
Jayud Global Logistics Limited (NASDAQ:JYD) has announced a significant expansion of its operations, including the addition of cold storage and dry storage facilities. The move is in response to the growing demand in China's cold chain logistics market, which is expected to reach a market size of approximately US$126 billion by 2025.
August 01, 2023 | 1:31 pm
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Jayud's expansion into cold and dry storage facilities could potentially increase its market share in China's growing cold chain logistics market, which could positively impact its stock price.
The expansion of Jayud's operations into cold and dry storage facilities is a strategic move to tap into the growing demand in China's cold chain logistics market. This could potentially increase the company's revenues and profitability, which could positively impact its stock price.
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