biopharmaceutical contract manufacturing Archives - Business Intelligence

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Pharma secondary packaging market

Answering FAQs on Pharmaceutical Logistics

An overview of the global pharmaceutical logistics market

Keeping pharmaceutical products undamaged and therapeutically effective during their journey to the market can often prove to be an arduous and complex task. Once outside the sterile manufacturing and packaging facility, the risk of product contamination during the pharmaceutical logistics process can be high.  The handling of temperature-controlled pharmaceutical products during the pharma logistics process is a complicated business irrespective of the mode of transport and presents unique challenges. Furthermore, the pharmaceutical industry is heavily segmented, resulting in an increased level of M& activity in the sector. The pharmaceutical industry is also experiencing a geographic shift in its major production locations and sales markets. Asia and South America, in particular, are becoming increasingly attractive markets for companies in the sector. But these markets are regarded as the most challenging in terms of supply chain and pharmaceutical logistics operations. As technology and innovation in the pharmaceutical space mature, we can expect advanced and risk-free pharma supply chain and logistics processes in the near future. In this article, Infiniti’s thought leaders answer some key questions relating to pharmaceutical logistics.

Cutting costs and increasing capacity is one of the greater challenges facing the pharmaceutical industry. Looking for ways to achieve this? Request a free proposal from our industry experts.

What are some of the biggest pharmaceutical logistics challenges facing companies currently?

Supply chain visibility is one of the key challenges facing pharmaceutical logistics. This could become a serious challenge especially for companies that intensively deal with regulatory affairs. Pharma manufacturers must overcome this barrier as better supply chain visibility into pharmaceutical logistics as it helps enhance shipment lead times, analyze customer sales projections can drive efficiency benefits, reduce inventories, and improve fulfillment rates. Furthermore, challenges related to increased globalization are presenting suppliers, consumers, and regulatory bodies in the pharmaceutical logistics space with increased risk and uncertainties.

What are some of the key region-specific insights on pharmaceutical logistics?

Pharma logistics are highly mature in Western Europe and the United States. In the future, we can expect least number of supply chain issues from Nordic countries. At present, emerging markets including China and Southeast Asia, the Middle East, South America, and Eastern Europe look highly lucrative for growth in the pharmaceutical industry. As the demand for modern medical treatments and healthcare products rises in these emerging and ‘high-potential’ nations, pharmaceutical companies are moving to unfamiliar territories and cultures and also learning about the accompanying supply chain challenges in these regions. These roadblocks include unstable regulatory environment and underdeveloped logistics infrastructure.

The world of pharmaceutical logistics is a complex, challenging, and ever evolving sphere. But with the right strategies in place you can capitalize on the right opportunities and stay successful. Get in touch with us to know more about how we our solutions can help your business.

 Why is it beneficial for pharma companies to outsource logistics services?

Most of the top benefits of outsourcing pharmaceutical logistics and supply chain include cost benefits. Outsourcing transportation and warehousing help life sciences companies to considerably reduce their overall costs. However, outsourcing does not completely solve supply chain visibility challenges. Moreover, factors including the rise of generics, the fall of the blockbuster model, and a sharp increase in R&D cost are putting companies in the pharmaceutical industry under pressure to bring down costs. Outsourcing logistics is an effective way to reduce the overall costs and also reduce the total time-to-market.

What criteria are most important while choosing a logistics service provider?

Consistency and reliability of services are two key traits that are paramount characteristics to consider while selecting a pharmaceutical logistics service provider. The provider’s industry experience and reputation in terms of safety and security of material handling should also be taken into consideration. Top pharmaceutical companies are already using outsourcing as a strategic part of the company’s overall business strategy especially to establish consistency and efficiency across the international supply chain network. To ensure continued partnership with pharmaceutical companies, logistics service providers must safeguard the confidentiality of the proprietary knowledge, prove its reliability in services, offer continuous improvements, and comply with the regulatory requirements of their clients.

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biopharmaceutical contract manufacturing

Infiniti Helped a Biopharmaceutical Contract Manufacturing Market Client to Reduce Operational Costs by 27%

Biopharmaceutical Contract Manufacturing Market Overview

As biopharmaceutical contract manufacturing is becoming a major investment area for traditional pharmaceutical companies owing to the enhanced production capabilities at relatively lower prices, the industry is expected to witness positive growth over the coming years. Additionally, factors such as the reduction in overall investment required to bring a new drug product to market and access to expensive technologies are compelling pharmaceutical companies to outsource to contract manufacturing organizations (CMOs) in order to meet their needs and reduce risks. However, market research experts at Infiniti predict that factors such as the rising demand for affordability, the complexity of supply chain operations, quality compliance, and regulatory scrutiny could hinder the market growth of the global biopharmaceutical contract manufacturing industry. As such, players in the biopharmaceutical contract manufacturing industry are in the need to thoroughly monitor market uncertainties and take proactive measures to tackle challenges coming their way.

Top Markets (by global market share): North America and Europe holds the largest share in the biopharmaceutical contract manufacturing market and are expected to retain its dominance for the next five years. The experts at Infiniti Research predict that the Asia-Pacific regions including China, Japan, New Zealand, and South Korea will witness steady growth through 2022.

For biopharmaceutical contract manufacturing firms, speed, process innovation, and operational excellence are must-win battles. Is your firm lacking any of these capabilities? If yes, request a FREE proposal and our experts will help you with relevant insights on market opportunities and growth strategies.

Business Challenge

A biopharmaceutical contract manufacturing firm based out of the United States, faced challenges in maintaining competitiveness while ensuring affordability, quality, and delivery performance. In addition, the complexity of supply chain operations, quality compliance, and evolving regulatory requirements increased challenges for the biopharmaceutical contract manufacturing firm. The client chose to partner with Infiniti Research to leverage their expertise in offering market monitoring solution. With Infiniti’s solution, they also sought to address other business challenges such as:

Demand for affordability and improved access – The biopharmaceutical contract manufacturing firm struggled to balance rising demand with declining budgets. Also, as manufacturing biologics required highly engineered specialized equipment, such as single-use or stainless-steel bioreactors to prevent cross-contamination, the client had to invest heavily into new technologies and processes. As a result, the company was facing difficulties in delivering products according to price expectations and this subsequently impacted their long-term contract with major pharma companies in the United States.

Complexity of biopharma supply chain – As biologics are heat sensitive and susceptible to contamination, keeping temperature-sensitive biologics at the right temperature range during the transportation process was becoming challenging for the company. The client, therefore, wanted to understand how other major players in the US biopharmaceutical contract manufacturing market tackled this challenge and improved efficiency in the supply chain.

Market improvements – The client wanted to understand the technological breakthrough in the US biopharmaceutical contract manufacturing market to continually evolve their manufacturing technologies and operational capabilities.

Identifying the right opportunities and gathering relevant market insights can help biopharmaceutical contract manufacturing organizations capitalize on profitable growth opportunities and make more informed business decisions. Contact us to know more about our services and their benefits for your business.

Our Integrated Approach

To help the client tackle their business challenges, the experts at Infiniti Research initially defined the business problem by creating a framework, complete with key questions and hypotheses specific to the US biopharmaceutical contract manufacturing market. Also, an extensive database was generated by the team through secondary research and previous project contact lists.

As a part of the market monitoring engagement, the experts identified the top contract manufacturing organizations in the United States based on the strength scorecards. The factors such as, revenue, market share, technological investment, clients, and product portfolios were analyzed in comparison to the biopharmaceutical contract manufacturing market client. The collected data was validated to avoid errors that may be caused due to corrupt or incorrect records and the cleaned data was analyzed to generate insights.

Technology assessment study was also conducted to assess the latest technological breakthrough in the US biopharmaceutical contract manufacturing market. Also, detailed insights into the cost of implementation of each technology were offered to the client. In addition, by carrying out a demand management study, the experts helped the client to understand supply chain challenges. Also, the experts recommended cold chain packaging technologies and processes to help the client tackle transportation issues and maintain quality standards.

Results Obtained

The experts at Infiniti Research helped the client to reduce operating costs across manufacturing and quality divisions by adopting lean practices and improving process technology. Also, the client was able to improve operational agility and equipment utilization to increase manufacturing-site capacity. The experts helped the biopharmaceutical contract manufacturing market client to identify highly engineered specialized equipment and processes to invest on to prevent cross-contamination and enhance operational efficiency.

By focusing on cold shipping and cold chain packaging solutions, the biopharmaceutical contract manufacturing market client was able to cope with a wider range of new temperature requirement issues. Also, by understanding the supply chain strategies followed by the major players in the US biopharmaceutical contract manufacturing market, the client was able to undertake similar strategies and reduce complexities associated with the supply chains.

By gathering comprehensive insights into suppliers and associated units, the client was able to acquire a strong, competitive network with the right suppliers, manufacturing plants, and distributors. This subsequently helped the client to save huge operational costs. In addition, Infiniti’s solution helped the biopharmaceutical contract manufacturing market client to improve efficiency in the supply chain to better manage inventory, distribution logic, and the complexities of the cold chain. The client was able to sign a $2 million deal with one of the leading pharmaceutical companies in the US.

Want to gather more insights into our solutions for companies in the biopharmaceutical contract manufacturing industry? Request more info and we’ll get back to you with relevant insights.

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