Times are quickly changing. The pharmaceutical industry is facing new challenges forcing firms to rethink their approach.
High product and R&D costs, changing regulations, long cycle times, and low operational efficiency are some of the common problems of this industry. However, it has continued to grow despite these challenges and is said to reach $1170 billion by 2021, growing at a rate of 5.8 percent.
This is made possible thanks to the industry’s ability to remain competitive despite the changing landscape.
Let’s talk about the importance of flexibility in pharma logistics and the need to come up with new and improved operating and supply chain models.
The Need of the Hour
Demand-driven supply manufacturing, demand-driven supply chain, and lean manufacturing techniques are crucial for the industry to grow. There is a need to have better synchronization with improved demand sensing and supply chain processes.
The pharma industry has not been able to adapt these techniques but experts realize the need to take advantage of such opportunities.
Technology and business processes that allow companies to be more agile and flexible will become more important in ensuring the industry remains profitable.
Flexibility is fundamental to production success. Traditional strategies will not allow manufacturers to respond quickly enough to the entry of new challengers or increased competition from existing competitors.
Pharma Logistics and Flexibility
There are several problems when it comes to pharma logistics. The demand can go high all of a sudden due to an epidemic or other such situations. Furthermore, the changing political scenario is also able to have an impact on the supply chain. This may be a major concern when goods have to be transported far and wide.
Pharma industries need good partnerships and technology to ensure safe delivery. They need to be able to rapidly reduce or add products. The right pharma logistics partner can be very helpful in this regard.
Carrymed, offers a safe transfer of temperature-sensitive pharmaceuticals. We are a GDP-licensed company with years of experience in the pharma industry.
Our team is experienced and friendly. We implement a tried and tested step-by-step routine of quality control to ensure we maintain our standards. Each delivery is individually handled and tested for quality.
Get in contact today to speak to one of our agents to know more about how our services can offer you more flexibility.