Sensor-Based Innovation: Save Money and Reduce Food Waste in the $1 Trillion Cold Chain— Manik Suri, CEO of Therma

Led by CEO Manik Suri, Therma is deploying next-generation IoT devices to reduce product waste and decrease energy waste throughout the global cold chain. 

To learn more about Therma visit their website.

Manik noted the company's product offering saying, "Therma stands for Temperature Humidity Equipment Remote Monitoring Application. Our technology is an Internet of Things device that reduces the waste of energy, product, and refrigerants across the refrigeration supply chain."

Manik highlighted the scale of the refrigeration industry saying, "The refrigeration industry is interesting but probably not something that the layman has given much thought to, and frankly, I hadn’t given it much thought either until a few years ago. The industry has been around for about 150 years and hasn’t seen as much innovation as you might think. The “refrigeration cold chain” is used to describe all of the refrigeration assets that help keep perishable products cold across the life cycle. There are a couple hundred million units of refrigeration assets in the commercial and industrial sectors alone. There is more than $1 trillion worth of inventory moved through these refrigeration assets each year from fruits and vegetables to pharmaceuticals and blood plasma. The scale of the cold chain is growing at approximately 11% a year with growth fueled by the developing world. There are estimates that China’s current cold chain is only 20% of its full potential while the estimate is closer to 10% in Africa."

Here is the transcript summary of the podcast.

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