Healthcare directors to invest in supply chains

Atlanta, GA, US: Healthcare executives in the US, Europe and Asia are intent on investing in their supply chains to increase their competitiveness, according to a new UPS survey.

The annual survey, known as the UPS Pain in the (Supply) Chain survey, questioned senior-level healthcare supply chain executives at pharmaceutical, biotech and medical device companies in the US, Europe and Asia.

There were key differences in supply chain concerns. Companies in Asia were much more concerned about product security as a supply chain issue, with 71% reporting high concern versus 53%  in the US and 51% in Europe. Product damage and spoilage was a much larger issue of concern in Asia and the US than in Europe, with 70% and 67% of Asian and US companies respectively reporting concerns versus only 27% in Europe.

With extended supply chains due to globalisation and the introduction of more specialized products into the marketplace, concerns over regulatory compliance, product integrity and security all remained at the top of supply chain concerns again this year.

Regulatory compliance is the primary supply chain concern cited by 73% of respondents. Product security was cited as a concern by 61% and product damage/spoilage by 56%. Managing supply chain costs came in second overall, with 64% of healthcare executives rating this as a top supply chain concern.

Comparing year-over-year trends, companies remain highly concerned about the issue of supply chain cost management but report limited success in addressing this issue. Only 42% of global executives surveyed in 2011 reported success in supply chain cost management.

For more information on these findings and to download an executive summary of survey results, visit www.pressroom.ups.com/healthcare.

WORLD NEWS

Data ensures food safety

Portland, Oregan US: Eroad has launched a “next-generation” trailer monitoring and control system for supply chain assurance and fleet efficiency for cold chain transport. Engineered …

READ THE FULL STORY >

Thermo King accelerates electrification research

Galway, Ireland: Thermo King has opened a research and development center adjacent to its factory in Galway, Ireland. The research centere with up to 70 …

READ THE FULL STORY >

US: Angeles Equity Partners acquires majority stake in Freymiller

Oklahama City, Oklahama US: Angeles Equity Partners, in partnership with KJM Capital, has taken a majority stake in refrigerated transport provider Freymiller. Freymiller has 600 …

READ THE FULL STORY >

GCCA South Africa Cold Chain conference

Cape Town, South Africa: The Global Cold Chain Alliance is staging a cold chain conference in South Africa on 3-5 August in Cape Town Attendees …

READ THE FULL STORY >

© 2022 Global Cold Chain News | Terms and Conditions | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 7 Diddenham Court, Lambwood Hill, Grazeley, Reading RG7 1JQ