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In the fast-evolving pharmaceutical industry, Vertex Pharmaceuticals stands out not only for its scientific breakthroughs but also for its human-centric approach to digital transformation. The digitization of supplychain operations has become a competitive advantage for Vertex.
Joel Wayment and Joe Lynch discuss the biopharma supplychain. Joel is the Vice President of Operations at Cardinal Health Third Party Logistics, a leader in healthcare logistics for over four decades and a 3PL pioneer since 1995, streamlines pharmaceutical delivery, mitigating risk and fostering seamless patient journeys.
If you want to know ahead of time the changes awaiting the pharmaceuticalssupplychain it is useful to extrapolate experiences from the consumer and retail sectors, which were dealing with the same trends and pressures long before pharmaceuticals (for example, the proliferation of distribution channels).
However, supplychain leaders well understand that drug discovery, manufacturing, and distribution are all necessary to deliver the vaccine to a willing arm. Development and distribution, as any supplychain leader knows, are two different topics. As a result, the supplychain, as we knew it is dead.
Alex is the Director of Sales, Life Science and Pharma Europe at Tive , the leading provider of real-time supplychain visibility insights that help logistics professionals actively manage their in-transit shipments’ location and condition. Clinical pharmaceuticals. Medical cold chain. About Alex Guillen.
Today is the first in a series of posts that explores what are in my opinion the ten most significant trends that are transforming the pharmaceuticalsupplychain. The market for Over-the-Counter (OTC) medicines is now forecast to outgrow the total current pharmaceutical market. pharmaceuticalsupply network.
Kearney research shows that the more companies invest, the bigger the average ROI Investments in supplychain firms and technologies represent 15-20% of total venture capital investments, according to a recent report by the management consulting firm Kearney. More than 150 supplychain startups have been acquired in the last two years.
Jim Saponaro and Joe Lynch discuss the life sciences and healthcare supplychain. Jim is the President, Life Sciences & Healthcare DHL SupplyChain North America. About Jim Saponaro Jim Saponaro is the President, Life Sciences & Healthcare DHL SupplyChain North America. ft in warehousing space.
Home October 23, 2024 The Future of PharmaceuticalLogistics and Online Pharmacies Mary Hart , Senior Content Marketing Manager In recent years, there has been constant change in how goods are moved and delivered, but few changes have been as impactful as the surge in e-commerce. According to J.D. Power’s U.S.
As I was enjoying the holidays, I had an opportunity to reflect on the year past and what the future holds for supplychains. However, organizations will need to be deliberate in designing supplychains with optionality so it does not become cost prohibitive. SupplyChain Design is essential in tackling these.
In early April I attended the LogiPharma Europe 2018 conference in Montreux, Switzerland, an event that attracted more than 800 attendees, including practitioners and executives from pharma and medical device industries, along with software vendors and many service providers. Patient-centric networks are reshaping pharmasupplychains.
Technology can have a significant impact on supplychains, but supplychain digitization still lags behind digitization of other areas of business across many industries. Still, there are several technologies that are transforming supplychains for the organizations that adopt them.
Nourhan Beyrouti and Joe Lynch discuss building a global logistics juggernaut. Nourhan is Global Chief Revenue Officer at AJEX Logistics Services , Saudi Arabia’s fastest growing transportation company. As the first management hire, he was instrumental in guiding the company toward its acquisition by UPS in May of 2022.
And now on to this week’s logistics news. As Steve Banker wrote about in last week’s news roundup, the worldwide shortage of semiconductors is expected to last through the first quarter of 2023 at a minimum according to the electronics supplychain analysis firm Supplyframe.
billion in 2020, the cold chain market is expected to reach more than $628 billion in 2028, nearly tripling its growth in less than ten years, according to a market analysis report by Grand View Research. As more and more consumers rely on the cold chain market for their perishable goods, the potential for waste increases.
5 Megatrends Shaping SupplyChain Innovations. In these times of global turmoil, there are five (5) important megatrends shaping supplychain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supplychain management.
Urgent – The Ukraine Logistics Coalition with Ben Gordon. People who work in logistics and supplychain are in a unique position to help the people of the Ukraine. He draws on a career building, advising, and investing in supplychain companies. About Logistics Coalition. About Ben Gordon.
Rik Schrader and Joe Lynch discuss logistics and distribution transportation, which is one of the specialties of Rik’s company, Körber Business Area SupplyChain. About the Körber Business Area SupplyChainSupplychains are growing more complex by the day.
When evaluating the 3PL provider in charge of your pharmaceutical distribution warehouse, safety is the name of the game. In this article, we’ve listed several specific questions that you should ask your current or prospective 3PL provider to make sure that your pharmaceutical products are in good hands. tires or coffee).
Barry Conlon and Joe Lynch discuss supplychain risk management, which is exactly what Barry and his team at Overhaul provide to Fortune 100 companies across the world. Barry is a dedicated supplychain security professional with more than 30 years of experience within that discipline.
John Marrow and Joe Lynch discuss the life science supplychain. John is the President at RRD SupplyChain Solutions , a recognized provider of global life science supplychain services with decades of experience in developing and delivering value-add solutions to the life science sector.
Much has been written about what it takes to run a successful supplychain in the era of “get it to me fast and get it to me cheap.” Supplychain professionals are looking for ways to store goods closer to customers by investing in micro fulfillment centers and to optimize their facilities so orders can be processed faster.
trillion industry by 2024 , consisting of not only food, but also cosmetics, pharmaceuticals, modest fashion, media & creation, and Muslim friendly travel. Muslim (majority) countries in Asia (such as Brunei, Indonesia, and Malaysia) and several countries in the Middle East are moving to stage 3: the halal supplychain.
In a recent report, IEA indicated that global battery and mineral supplychains need to expand ten-fold to meet projected critical minerals needs by 2030. And now on to this week’s logistics news. Warehouses are turning to EV charging. UPS continues investments in lucrative healthcare arm. 7-Eleven Inc.
This is a story for the Eds, Franks, and Toms working together in supplychains across the globe. It is also a story for a young supplychain manager attempting to make a difference, but feeling stymied. Efficient supplychains may not be the most effective. Need for SupplyChain Leadership.
Reshoring to the US and Europe Accelerating, Now Also Serving CO2 Emission Reduction Objectives by Luc Kremers , Vice President – Asia Pacific, BCI Global Reshoring is accelerating as American and European companies want to de-risk their supplychains from geopolitical developments and supplychain disruptions.
The global supplychain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. The impact varies by supplychain sector and value chain. My forecast is a lumpy road to 2023 and port-related supplychain disruptions for at least a year.
by Alexa Cheater Half of organizations playing in the healthcare and life sciences space are feeling the pain of managing overall supplychain costs. At least according to the eighth annual UPS Pain in the Chain Survey. Following closely behind are fluctuating fuel costs (55%) and fluctuating raw materials costs (49%).
The upcoming Tee Yih Jia facility consists of three warehouses — two cold rooms and one ambient temperature dry store — and features rack clad high bay warehouse with an automated storage and retrieval system (ASRS) which allows the automated placement and retrieval of high-volume loads from TYJ’s storage locations.
Subscribe to SupplyChain Game Changer. How Cold Chain Differs Between the Food and Pharmaceutical Industries! An increased level of competition characterizes the pharmaceutical market. Today, software development is an effective marketing tool in the pharmaceutical market. Email Address.
In the United States, there are a lot of billion dollar industries , led by hospitals, pharmaceuticals, commercial banking, life insurance, and petroleum wholesaling to name a few. However, there is probably one industry that most of us would not think of in this list: the cargo theft industry.
Much attention (and financing) has been directed over the past years to the expansion of supplychain visibility, mainly “real-time visibility platforms” and to “sensor-based visibility solutions“. Introduction – logistics visibility advanced to early mainstream. The logistics innovation gap has attracted significant VC funding.
economy, regardless of the slight shakeup at the end of 2018, alludes to a year in which logistics capabilities will expand. Companies across the spectrum of the economy are expanding and demanding more from carriers and the logistics industry, and as a result, logistics capabilities will need to grow in accordance.
It would be tempting to think of reverse logistics as forward logistics done backwards. Reverse logistic isn’t simply a reverse gear. Reverse logistics can also have a dramatic effect on steering a company’s fortunes. Reverse logistics is therefore worth doing, and worth doing properly.
When it comes to the pharmaceuticalsupplychain, safety is the name of the game. And perhaps no element of the supplychain is more integral to the safety of pharmaceutical products than the warehouse. About PharmaceuticalWarehousing. Temperature and climate-controlled warehousing.
As a result, Global SupplyChains have experienced severe “Supply side Shocks” with massive disruptions impinging on all sectors. Supermarkets, food suppliers, pharmaceutical and medical industries were the main beneficiaries. SUPPLYCHAIN DISRUPTION—Respond, Recover and Regrow. Crisis Recovery.
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Self-distribution is an increasingly popular option for healthcare systems to consider when deciding how to manage their supplychain.
Supplychain conferences are an excellent way to connect with industry professionals, learn about new technologies, and refine your operation through the experience of others. WHITE PAPER] The Top SupplyChain Trends that Will Impact SupplyChain Management in 2018. GET YOUR COPY HERE. Download White Paper.
The need to know where products are, whether they are on the way to the warehouse, store, or customer, is critical to ensure a positive experience. Too often visibility is pigeon-holed into outbound logistics. This technology is all about a digital ledger as it applies to a chain of custody.
Trends Transforming Logistics and SupplyChains In the MENA Region in 2023. by Dr Shereen Nassar , Global Director of Logistics Studies and Director of MSc Logistics and SupplyChain Management Suite at Heriot-Watt University Dubai. billion USD by 2026.
When we speak to supplychain leaders about innovations in their supplychain, it’s not always about drones, self-driving trucks, or automated warehouses. We are seeing that businesses who invest in innovation and view supplychain as a competitive lever drive the most impact to their bottom line.
It’s is one of the best conferences in the supplychain and logistics industry to learn and network. Below are the sessions that I am participating in focused on social networking, transportation management systems, and “mega” supplychain trends. A Pulse on Social Networking for SupplyChain Management.
The topic, Application of NFTs in SupplyChain Management, is buzzing in the supplychain & logistics space. Not only will the NFTs move the supplychain from unnecessary paper trails to an electronic platform, but they will also reduce all the bottlenecks experienced in the pipeline.
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