Page 82 - FoodFocusThailand No.158 May 2019

Convenience Foods Supplement Edition

Figure 2: Financial performance comparison between logistics service providers of the temperature-controlled
warehousing and transportation in the past 5 years (2013-2017) (Unit: %)
Remark: Size of a circle denotes the firm’s authorised capital.
Source: EIC analysis based on data from ENLITE and annual report 56-1.

และมีแนวโน้มลดลงจากการแข่งขันด้านราคา รวมถึงความเสี่ยงจากความผันผวน grown to THB 26 billion, or accounts for 5% of a total logistics
ของราคาน�้ามัน ซึ่งการให้บริการขนส่งแบบควบคุมอุณหภูมิมี 2 รูปแบบหลัก คือ market rising from 2% in 2017. The market value of cold chain
การให้บริการขนส่งส่วนใหญ่แก่พันธมิตรธุรกิจ (มากกว่า 70%) และการให้บริการ logistics is also likely to continue to grow by 8% CAGR in the next
three years (2019-2022) with the main supporting factors; the
ขนส่งแก่ลูกค้าทั่วไป โดยผู้ประกอบการที่มีพันธมิตรทางธุรกิจจะมีอัตราก�าไร exponential growth of fruit exports to China, the recovery of seafood
ขั้นต้นเฉลี่ยอยู่ที่ 24% ซึ่งสูงกว่าผู้ประกอบการที่รับจ้างขนส่งสินค้าให้กับลูกค้า exports after the lifting of IUU Fishing yellow card, and the rapid
ทั่วไปที่มีอัตราก�าไรขั้นต้นเฉลี่ยอยู่ที่ 6% เนื่องจากการสร้างพันธมิตรทางการค้า expansion in the number of convenience stores and restaurant
chains.
Cold chain logistics consists of two important temperature-
controlled activities: warehousing and transportation. On average,
temperature-controlled warehousing yields a higher gross profit
margin than transportation by 15%.
Temperature-controlled warehousing under a longer-term
contract has a high gross profit margin at 40% and is likely to
increase based on demand expansion and higher rental fees. In
general, renting a temperature-controlled warehouse consists of
two types: Long-term rental with a 3-year contract or longer and
temporary warehouse rental. Over the past five years (2013-2017),
it was found that temperature-controlled warehousing under long-
term contracts has a high gross profit margin at around 40% with
a revenue growth rate of around 27%. Although the revenue for
temporary rental has grown at 160%, a gross profit margin is lower
at only around 15%. This is due to higher labour costs since labours
are required at all time to service short-notice clients. With long-
term contracts, warehouse renters will invest in machinery and
equipment as well as hire their own employees to assist the
operation. Therefore, the owners of a temperature-controlled
warehousing are at an advantage in terms of costs and warehousing
space management. However, there is still only a limited number
of service providers due to high initial investment and a long
payback period.
EIC expects gross profit margin for the temperature-controlled
warehousing in short term to increase due to a higher market
demand and higher rental fees that averagely grow by 5% per year.
Meanwhile, the costs of electricity, an important direct cost for this
type of business, is likely to grow by a small amount.

82 MAY 2019 NO. 53

79-83_Artice 5_Cold Chain SCB-sureerat_kanoon’s iMac.indd 82 22/4/2562 BE 17:16