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Pharma Tech Outlook | Monday, August 24, 2020
The APAC pharma supply chain is seeking flexibility in how it manages its supply chain.
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FREMONT, CA: Pharma supply chain is undergoing sea change throughout APAC as the aging population drives a growing requirement for new pharma solutions, together with scientific and technological advances that bring disruptive changes. The pharma landscape is changing, and visionary leaders are bringing out new strategies. So here are the big trends which will impact future manufacturing, production, and biopharma supply chains.
• Greater Supply Chain Control Through Internet of Medical Things (IoMT)
The brand new pharma world is the Internet of Medical Things driven, an innovation-powered market of medical devices and apps which is estimated to be worth US$158.1 billion by 2022. IoMT has seen a corresponding increase in connected medical devices and sensors, which includes instruments that enable shipments to be monitored. Companies are offering customers pioneering technology solutions, which provide safe and compliant transportation of temperature-sensitive shipments in clinical trials and innovative pharma. The network of connected sensors has the potential to gather, send, and monitor data to facilitate a comprehensive array of real-time tracking and tracing data.
[vendor_logo_first]• Increased Requirement for Quality and Regulatory Compliance
As APAC pharma is shifting portfolios and priorities towards biologics, there is an increasing connection between quality and technology innovation in cold chain transportation. The expectations are to have the same commitment to speed and quality as pharma companies researching and developing specialized pharma. To service this strong growth, it is paramount for pharma companies to ensure adequate capacity and yet, at the same time, ensure safety and regulatory compliance.
• Environmental Friendly Packaging
Consumers today are demanding products manufactured and delivered through sustainable processes, from sustainable companies. While pharma packaging, in particular, presents waste issues, more sustainable solutions are on the rise, especially in the most daunting temperature range to sustain. Active temperature-controlled containers, which eliminate the need for gel packs or dry ice, are in high demand – for transporting temperature-sensitive active pharmaceutical ingredients.
• The Digitalization of Pharma Logistics
Digitization has enormously transformed APAC pharma supply chain operations from improving processes, accelerating productivity to improving safety through technologies like big data, machine learning, or automation tools. Digitizing the supply chain allows pharma companies to realize new levels of visibility and control.
Check out: CIOReview APAC
See also: Top IoT Companies
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