The report on Pharmaceutical logistics aids in handling transport issues such as, temperature control, regulatory compliance, security, safety and chain of custody are for bio-pharmaceutical manufacturers at every turn. In every organization, logistics is the key integral part of the supply chain management, which deals with procurement, planning and implementation of all the logistics activities. The effective logistics management will help the pharmaceutical companies to have a constant supply of drugs, devices and equipment from various dealers and distributors in different locations.
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Increasing number of patents and rise in global pharmaceutical industry are expected to be the key factors for the growth of bio-pharmaceutical market in the coming years.In the coming few years, patent rights for several leading drugs are set to expire, indicating shift of large portion of sales from original brand manufacturer to generic manufacturers. Similar to other sectors, the pharmaceutical industry is also undergoing the geographic shift in its production facilities and sales markets.
At present, the distribution structure in the European and American markets are heavily inclined towards national warehouses both regionally and centrally. Developing warehouse structures and outsourcing to logistics service providers is the key focus areas for the pharmaceutical manufacturers. Low cost and greater visibility in the supply chain are the main advantages of outsourcing logistics services and is becoming an integral part of overall business strategy. These above-mentioned factors are the key drivers for the growth of the market in the coming years.
Top Key Players:-
• Deutsche Post DHL Group
• FedEx Corporation
• Panalpina World Transport Ltd.
• United Parcel Services Inc.
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Nowadays, most of the pharmaceutical companies are outsourcing their logistics services to third party providers known as LSPs (Logistics Service Providers) to focus on their core business activities such as marketing, sales and research & development activities. The outsourcing of logistics services is becoming core of business strategies in most of the organizations, as a cost cutting program. The market based on region, is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA).
The Report includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry and various business strategies adopted by them. This report will help players in global pharmaceutical logistics market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
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