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Pharmaceutical Manufacturing and Packing Sourcer

Heating Up a Temperature-Sensitive Business

 

It is a widely recognised fact among pharmaceutical and biotech companies that the healthcare supply chain is changing. With sizeable forecasted growth of biologics and more temperature-sensitive products headed into the market than ever before, much of the supply chain is looking to cold chain solutions. These new solutions and technologies are needed to maintain the right temperature of products across the supply chain, from packaging and storage right through to transportation and delivery. The longer manufacturers can keep their products at the right temperature, the longer shelf-life those products will have, meaning greater benefits to the bottom line.

As a result, forward-thinking healthcare companies are changing their strategy and are swiftly re-examining their supply chain practices and processes to ensure that they are prepared to respond to these quickly evolving market trends.

NO ROOM FOR ERROR

With the increasing complexity of products being manufactured and produced, the healthcare industry is undergoing significant change, and manufacturers are facing a number of new pressures. Complexity, in an industry which has a very limited margin for error, has lead to increases in regulation and competition, fuelled also by an explosion in generic drugs and pricing pressures.

In 2009, a survey entitled, ‘Healthcare Pain in the (Supply) Chain’ analysed key issues facing the healthcare sector. Results showed that 56 per cent of companies with revenues over $1 billion were ‘highly concerned’ about increasing regulation, ranking this as their top business concern. So it’s true to say that failing to understand or comply with existing and new regulations can be a costly business for manufacturers.

Additionally, the supply chain can be seen as contributing to company fears about the reliability of correctly stored temperature-sensitive products reaching the end customer.


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Bill Hook is responsible for developing and executing UPS’s strategy to serve the unique needs of pharmaceutical and biotech products, medical devices and equipment manufacturers across solutions that use UPS networks, facilities and information for transportation, distribution, inventory management, visibility and regulatory compliance. Bill has more than 20 years of leadership experience in the healthcare sector. He received his BA Hons degree in Business Administration from the Richard Ivey School of Business in London, Ontario.
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Bill Hook
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