Are you missing hidden opportunities in pharma supply chain?
As logistics and supply chain professionals, you already know how complex it is to move life-saving medicines across the globe. But have you ever wondered if we’re truly maximizing our potential, or are we leaving something on the table?
During our annual conference and networking event Global Pharma Logistics Summit 2024, I had the privilege of moderating Business Session 2 which dove straight into this very topic. The discussion was rich with insights from leaders in the field—those facing the same day-to-day challenges you are.
Here’s what you’ll find in this one-hour video:
Freight costs topped the list of concerns for many, but are we looking at the full picture? Anil Damle of Bharat Serums and Vaccines Limited shared how fluctuating rates create headaches for pharma exporters. But it's not just about rates—it's about timing and collaboration. Do you agree? Is freight cost optimization the elephant in the room?
2. Compliance vs. cost: Can you have both?
It’s tempting to cut costs, but at what expense? Sugeet Chopra of Strides Pharma Science gave an eye-opening example of the cost of non-compliance when temperature excursions cause delays. Are you prioritizing compliance over short-term savings, or is this a daily tug-of-war for you?
3. Proactive problem-solving: Are we moving beyond band-aid solutions?
Tejas Mehta of Reliance Life Sciences Pvt. Ltd. didn’t just talk about problems—he offered solutions. From rethinking packaging to route optimization, his approach was all about proactive, collaborative problem-solving. What’s your go-to strategy when facing unexpected cost pressures?
4. Temperature control: Who’s really responsible?
You’ve probably faced temperature excursions at some point, right? Dr Arloph John Vieira of Bajaj Healthcare Ltd raised a crucial question: who’s accountable when a product’s integrity is compromised on the tarmac? Have you ever struggled with pinpointing responsibility during transit?
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5. Sensitizing teams: Are we overlooking human factors in pharma logistics?
Pradeep Sonar of Mumbai International Airport Limited (CSMIA) ( Adani Airport Holdings Ltd ) stressed that infrastructure alone isn’t enough—it's the people handling the products who make or break the supply chain. From first-mile drivers to tarmac workers, are we ensuring that everyone involved is fully trained and sensitized to the critical importance of maintaining temperature and product integrity? Are human errors still leading to preventable losses in your supply chain?
6. Sustainability: Are we prepared for the future?
The industry is moving towards greener practices, but how far along are we? Vikram Khurana of #SheetalParivahan discussed the need for sustainable logistics solutions—like electric fleets and eco-friendly packaging. Is sustainability a priority in your company, or is it still on the back burner?
Why should you watch?
If you’re working in pharma logistics, this discussion is packed with real-world challenges and actionable insights. The best part? The panellists are the ones dealing with these problems every day, just like you. Whether it’s dealing with volatile freight rates, ensuring temperature control, or balancing compliance with cost—this video has something for you.
But don't take my word for it. Watch the video and hear the strategies that could help you optimize your own supply chain.
Full discussion here ??
What do you think?
Watch the video and let us know what you think. Are freight costs really the biggest challenge? How do you tackle compliance without breaking the bank?
I’d love to hear your thoughts. Drop a comment below and let’s get the conversation going!
Driving Innovation in Logistics | Managing Director at Sanguine Logistics | AEO Certified | Ensuring Efficient, Reliable Import/Export Services Worldwide
5 个月Such an insightful session! It's great to see experts coming together to tackle key challenges in pharma logistics, especially around cost, compliance, and sustainability. Excited to watch the full discussion!