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The supply chain risks healthcare and life sciences executives need to be aware

Joseph Esteves, VP Industry Partner at Maine Pointe looks at the potential risks and rewards for transportation carriers and 3PLs operating across the cold chain logistics market.

"The highly-complex, highly-regulated nature of cold chain logistics makes it a potentially lucrative endeavor for transportation carriers and 3PLs alike."

This Maine Pointe insights paper is essential reading for healthcare and life sciences executives, transportation providers and 3PLs working across the cold chain logistics market and discusses:

  • What the sector can do to minimize the risks associated with cold chain logistics
  • Current trends and key drivers
  • The future role of cold chain logistics in global supply chains
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What's in this eBook?

‘Cold chain logistics’ overview
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Cold-chain trends and key growth drivers

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What does the future hold?

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Introduction

Joseph Esteves, VP Industry Partner at Maine Pointe looks at the potential risks and rewards for transportation carriers and 3PLs operating across the cold chain logistics market.

The term ‘cold chain logistics’ refers to the storage, handling and transportation of product under temperature-controlled conditions. These conditions can be frozen, chilled or ambient, but any product that requires a controlled, monitored environment where a constant temperature is maintained is included. The two main product categories under the ‘cold chain’ umbrella are food and Healthcare & Life Sciences products.

The highly-complex, highly-regulated nature of cold chain logistics makes it a potentially lucrative endeavor for transportation carriers and 3PLs alike. There are many companies who operate across the cold chain market and communication is vital as damaged or spoiled product can cost millions in top-line revenue from insurance claims.

Compared with dry cargo, supply chain risk increases exponentially when dealing with temperature controlled transportation and storage. Temperature excursions (where cargo temperatures deviate from the shipper’s optimal levels) can cause massive financial losses due to spoilt, damaged or degraded cargo.

According to temperature monitoring specialists CargoSense, the healthcare & life sciences industry suffers north of $15bn in product losses every year due to cold chain interruptions. This staggering figure has led suppliers to press their logistics partners for more stringent commitments and safety measures to ensure cargo is delivered as expected.

eBook: Supply chain risks healthcare and life sciences executives need to be aware

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