The global food supply chain is a complex network of assets including farms, food processing facilities, cold storage warehouses and transportation resources. Consumer expectations regarding the availability and quality of cold storage products have rapidly evolved across the globe. These expectations have established a demand profile that has stretched the capabilities of the existing cold supply chain, necessitating billions of investment in new cold infrastructure.
The growth in fresh food consumption is directly tied to the growth in consumer wealth and overall population levels, as well as increasing population density in many urban areas. The consumer mandate for convenience, on virtually everything, has dramatically shifted their buying habits. “Click-and-Collect” and “Direct-to-Consumer” grocery sales represent the most notable change to consumer behavior in the grocery industry in decades, and the acceleration of these trends has only increased as a result of recent global events. These behavioral shifts will dictate new warehousing capable of simultaneously engaging with the product source, retailer and consumer across the food, beverage and pharmaceutical industries. Therein lies an opportunity to create entirely new cold networks both in the United States and globally.
Scout Capital Partners invests through programmatic ventures with institutional capital and operating partners. We target superior risk-adjusted returns on platform and master-planned development investments throughout the United States. Our focus on connecting our investments to critical infrastructure (including public spaces, transportation, cold supply chains, airports, seaports) delivers sustainable barriers to entry and value creation opportunities.