Medical facilities, labs, and other institutions rely on high-touch transportation for their everyday operations in the life Science Logistics and pharmaceutical industries. To safely deliver life science items, shippers must traverse dramatically diverse temperature and packaging requirements, rigorous timelines, and multiple means of transportation.
When every second counts, choosing the proper logistics partner is even more important. Effective life science logistics decreases product risk and keeps firms’ timetables on track, which benefits both the recipient and the receiving company.
Life Science Logistics (LSL), a national provider of healthcare supply chain solutions, is expanding its cold-chain storage and distribution facility in Whitestown, Indiana, in response to rising demand for FDA-regulated, temperature-controlled storage and distribution of pharmaceutical and medical devices.
The new building extends the company’s entire presence in the Indianapolis area to roughly 1 million square feet. In a world where manufacturers are producing more items than ever before, it’s critical that the third-party logistics companies they use be dependable and trustworthy.
A Briefing for Life Science consulting around the globe
Pharmaceutical companies’ medication portfolios will begin to take diverse shapes as research and development progresses. The worldwide biologics industry is estimated to hit $400 billion by 2025. This entails more sophisticated manufacturing and distribution methods for pharmaceutical distributors, such as the development of new climate-controlled facilities and specialised storage systems.
Aside from investing in new capital-intensive factories and equipment, we believe wholesalers with enough leverage to influence which medications are given most frequently would benefit the most from this trend.
Pharma Logistics IQ examines the top 7 Life Science Logistics executives on a list of the industry’s top leaders.
With 566,000 employees, Amazon is currently the second largest private employer in the United States. The firm began as a small online bookstore and has now expanded to dominate a variety of other sectors. With Prime Air in the works, they might be on their way to further revolutionising the Life Science Logistics business by ensuring delivery in under 30 minutes.
A View from Amazons Inside Warehouse: Leader in Life Science Logistics
DHL has slipped from top to second place in the world’s third-party Life Science Logistics industry. With a 50-year existence, they presently have 380,000 global workers and operate in 220 countries. DHL reported excellent first-quarter earnings for 2019, including a boost in revenue owing to their supply chain collaboration with S.F. Holding in China, which began in late 2018.
Kuehne + Nagel
Kuehne + Nagel, one of the oldest companies on the list, was founded in Germany in 1890. They have 82,000 workers and operate in over 100 countries, earning a staggering $25.4 billion in sales in 2018. In the sector of FCL and LCL, the firm is known as the world’s largest sea freight forwarder Life Science Logistics company.
DB Schenker Logistics has 75,800 employees in over 2,000 sites across the world. The company’s stock has risen dramatically in recent years as a result of its acquisitions of BAX in 2006, Spain-Tar in 2007, and Rostrums in 2008. They are a leader in land logistics & Life Science Logistics in Europe, and they just unveiled the T-Pod, the world’s first autonomous electric truck certified for commercial usage on public highways.
In Japan, Nippon was formed in 1932. It presently employs 36,000 people in 33 countries across the world. After launching a test run of a long-distance cargo train service between China’s interior area and Europe at the end of 2018, the firm grabbed headlines. They want to encourage further investment in rail transportation.
C.H. Robinson is an industry veteran, having been founded in 1905 and serving more than 37,000 clients. It has $15.5 billion in sales in 2018 and prides itself on being one of the most environmentally friendly Life Science Logistics companies.
DSV, which was founded 40 years ago, employs 47,000 people in 75 countries. The firm delivers products with over 20,000 vehicles each day and moves over 650,000 tonnes of air freight each year.
The Life Science Logistics supply chain is at a fork in the road. While growing healthcare demand, the availability of generic medications, and globalization may present possibilities for medical distributors, increased competition, regulation, and consolidation offer significant obstacles.
As a result, in the face of rapid change, one thing is certain: now is a perfect moment to clarify your plan and take advantage of a favourable market, whether you’re a buyer, seller, or otherwise.