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Americold’s CEO Said COVID-19 Hit Grocers “Like a Hurricane”

Cold-Storage REIT Believes Its Role in Supply Chain Will Help Preserve its Business Prospects

Major market distribution centers like Atlanta Tradewater often are the first stops along the supply chain for temperature-controlled foods. (CoStar)
Major market distribution centers like Atlanta Tradewater often are the first stops along the supply chain for temperature-controlled foods. (CoStar)

When nearly the entire country stops going to restaurants and starts stockpiling provisions at home, one might assume that companies providing cold storage and logistics for perishable goods such as real estate investment trust Americold would see a major uptick in business. And in some ways the company has, but to understand the real impact of the coronavirus outbreak has had on its business Americold CEO Fred Boehler gave investors a crash course on supply chain logistics during the REIT's first quarter earnings call. 

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