How much do you spend each year on sending empty boxes to your customers? If you don’t control the size and shape of your outgoing packages, you may be spending more than you think. Package dimensions play both a direct and indirect role in the total cost of shipping, so if you have a lot of empty space inside your packages, you’re potentially paying for that space too. So, in effect, you might be paying to ship nothing but air to your customers. And that’s not all – there are several other ways in which you could also be losing out.
Zero: that’s the amount of failure you can tolerate in a life science supply chain solution. Whether it’s transporting a life-saving drug or managing a sensitive distribution of samples, you need a partner that can guarantee your deliveries will arrive safely, on time and be placed in the hands of the intended recipient. Finding a supply chain solution partner isn’t always easy. You need to find people with expertise, the right infrastructure and an understanding of the difficulties involved in transporting biopharmaceuticals. You also need to find a true partner – a company that will communicate with you and offer visibility throughout the entire process. When searching for the right supply chain solution, there are four key things to consider:
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Technology has created incredible opportunities in the world of life science supply chain management. But with that opportunity comes a new set of responsibilities and client expectations. Over $260 billion in biopharma sales are dependent on cold chain logistics, according to the most recent report on the subject by the US Chamber of Commerce. Spending on cold chain logistics is already over $10 billion and is expected to grow to $13 billion by 2019. Improved supply chain management allows for lower transportation costs, better visibility throughout the transportation process, reduced waste and theft, and better quality management. And in the world of life sciences, quality is everything.
Of all the steps in an outbound logistics management process, only one step really matters. That's the last step, when the end customer gets the delivery into their hands. The customer doesn't care about any other details of the journey. They're not interested in your efficiency metrics or your sophisticated tracking techniques. They only care about getting their delivery on time and in perfect condition. Nobody wants their entire fulfilment process to fall at the last hurdle. That's why final mile delivery has become an increasingly important focus for logistics companies.
Late September of 2017 brought on the Capacity Crisis for truckload providers, and by proximity, a crisis for any business reliant on this logistics planning link in their supply chain. According to Transport Topics, “By mid-October, DAT reported the van load-to-truck ratio hit 7.0 loads per truck—the ‘highest ever recorded’ in DAT Trendlines—a study that began in 2010.”
From demand to last-mile delivery, shipping logistics is a complex, hairy beast and has only gotten bigger and badder as modernization (e-commerce, cloud-based records and communications) has largely dictated where the industry is going. Although rapidly evolving with certain obstacles that seem too difficult to overcome, the truth is there are highly valuable opportunities within these new challenges.