Coronavirus Vaccine Distribution Stocks: 3 Companies Behind the Cold Chain
The efficacy data from the COVID-19 vaccine test devloped by Pfizer and Germany's BioNTech certainly excited the market, and the euphoria was extended with positive news from the Moderna candidate too. However, the two vaccines both require cold-chain transportation and storage. In addition, two other leading vaccine options, Sputnik V from Russia's Gamaleya Research Institute, and UK pharma company AstraZeneca's vaccine, also require cold storage, albeit at less challenging temperatures. Whichever way you look at it, the world is going to require cold chain capability, and Carrier (NYSE: CARR), Trane Technologies (NYSE: TT), and UPS (NYSE: UPS) are three companies set to provide it.
Both industrial companies' exposure comes through offering transport refrigeration solutions and any storage solutions they may develop. While it's easy to dismiss the opportunity as a one-off boost to sales, it makes more sense to think of it as an opportunity to accelerate adoption of cold chain solutions in general.
Refrigerated transportation will be a key part of distributing the COVID-19 vaccine. Image source: Getty Images.
Source Fool.com
