Leading pharmaceutical and biotech companies must continue to adapt to increasing global competition, regulation and pricing pressures. In response, the pharmaceutical industry is undergoing a major value chain transformation.
Effective Dec. 26, 2016, the UPS U.S. ground service daily rate will increase by an average net 4.9 percent. Daily rates for UPS U.S. air and international services will increase an average net 4.9 percent. UPS airfreight rates within and between the U.S., Canada and Puerto Rico, will increase an average net 4.9 percent, also effective Dec. 26, 2016. Further, UPS Freight announced an average net 4.9 percent general rate increase effective Sept. 19, 2016.
Spot container freight rates on the major routes from Asia soared by up to 42 percent following the collapse of Hanjin Shipping, data from the World Container Index reveals.
Challenge: ScottTech worked with a high-end jewelry manufacturer that was looking to increase throughput and accuracy in their main distribution center. They were seeking automation tools and processes that satisfied stringent quality and efficiency metrics.
Chinese companies now account for more than 50 percent of the global active pharmaceutical ingredient (API) market. It has more than 500 companies registered to sell in the U.S. and 10 times that many serving its own market. But many of those continue to struggle to meet international standards.
The complex nature of the supply chain in an era booming with digital data means a barrage of processes and systems to manage at all times, but it also means that numerous opportunities exist to improve efficiency and service for customers.
It's deja vu for the pharma industry. Mylan's EpiPen pricing controversy - kicked into high gear with mainstream media coverage of widespread outrage - has revived public and political fury against drug companies.
TrainOSE, Greece's rail service provider, is employing a radio frequency identification-based solution to track freight cars. While the company is still reviewing the results since the system was taken live last year, it has already determined that the technology is reducing rental costs for cars that should be returned to third-party owners.