4 REGIONAL -- 4.1 EUROPE

As the key final link to consumers, the retail industry is undergoing great changes due to the acceleration of an intelligent and sustainable trend. Of the various retail industries, the cold chain-related segment in Europe is ahead of the rest of the world. The cold chain aims to keep foods fresh and requires a large amount of refrigeration equipment, which is rapidly evolving in line with the strengthening of environmental protection and energy conservation policies. At the same time, the construction of cold chain infrastructure such as food retail has become a key focus.