Optimizing the Supply Chain with a Cool Link - The Cold Chain

Manik Suri
Therma, Founder & CEO

Manik Suri is Founder and CEO of Therma, a technology startup disrupting the $3 Trillion cold chain industry through building innovative hardware and software with the core mission of protecting our planet to combat climate change. Prior to Therma, Manik co-founded the Governance Lab (GovLab), an innovation center at NYU that develops technology solutions to improve government. He is a former Affiliate of Harvard's Berkman Center for Internet & Society and has held positions at global investment firm D. E. Shaw & Company and the White House National Economic Council.

$3T of Food, Pharma, and Data are stored across the global supply chain, growing at 8% CAGR, but as recently as the 1990s, the cold chain still relied on styrofoam containers for temperature control in major products. And even today, 90% of refrigeration is “dumb” and provides no real-time monitoring or data-driven optimization. This leads to massive product waste and quality issues. How can we successfully get our products from point A to point B? What we need are smart cold chains that leverage data-driven technology to monitor products in real time to ensure quality. We are seeing a lot of novel solutions emerging around IoT sensors, tracking systems and AI technology that are adding value to the cold chain, but these technologies are still in their infancy. In this session, Manik will take us on a journey of how the cold chain may look in 2040 with these technologies. For example: AI enables fulfillment at the point of sale, Automated cold chain technology in central warehouses, Cloud integrates cold chain technologies and data for different stakeholders for full visibility and Continuing evolution of efficient transportation.