Pharma shipping leaders have been leading the way to improve the distribution rates for the COVID-19 vaccines. The best practices for shipping have always utilized current technology and innovation. Today, industry leaders have come together to push for changes and bolster the global supply chain network to enable the rollout of essential medicines to become more effective. As the demand for vaccine supplies continues to grow, shipping innovations are needed more than ever. Pharma shipping trends today help streamline communications, speed border crossings, manage workforce safety, and handle evolving regulations and protocols. And while carriers may not impose capacity constraints on medical and pharmaceutical-related shippers, they may still be subject to service delays. Thus, it’s imperative to have a few best practices to follow when managing such shipments regardless.
1. Reorganize Assets to Build Resilience
At the most basic level, shipping companies are now more focused than ever on adaptability and responsiveness. Reorganizing assets and enhancing supply chains with advanced automation will create more resilience. Though many areas of the world are beginning to emerge from the pandemic, the current focus on risk management and asset utilization must continue. Compiling, organizing, and effectively utilizing assets will enable shippers to build resilience and secure future success within even the most volatile markets for the supply chain.
2. Track the Data to Know What’s Happening, Where, and Why
As the recovery continues across the board, every aspect of domestic and international shipping needs the digital touch. Companies should consider reevaluating their strategies, risk tolerance, and data utilization. This honest insight will allow for better disruption management regarding the inherent risks involved with current data management systems. The best way to boost pharma shipping services and improve ‘on time in full’ deliveries is by implementing a robust data analysis management system. Understanding the who, what, where, when, and why of every shipment and order provides valuable insight for improving the overall performance of the shipping industry.
For instance, carriers may typically have set schedules of one pickup or dropoff per day for shippers, but not all carriers have the same schedule. By capturing the data, shippers can streamline pickups and dropoffs to reduce overall costs and find ways to avoid unnecessary delays or confusion.
3. Hold Carriers Accountable to Protect Pharmaceuticals, Including Temperature-Sensitive Vaccines
Over the past two decades, pharma shipping networks have steadily become more globalized. According to Supply & Demand Chain Executive, drug manufacturing and distribution spans the globe. This is why specialized shipping for materials and specially finished COVID-19 vaccines has been in such high demand. Only a small percentage of trucks and shippers can handle these sorts of delicate and sensitive loads. So, the ability to find carriers to handle such loads and ensure safe and timely delivery remains an in-demand service that transportation service providers need to be accountable for when taking on these specialized loads. That further includes recovering on late, lost or damaged shipments. And since pharmaceuticals can be high-value goods, depending on type, not to mention the increased need for maximum transparency and quality controls throughout shipping, the ability to recover financially for service failures amounts to more accountability. And that is especially when thinking about the maintaining temperatures throughout their transportation.
4. Continue Automating Repetitive Processes to Add Scalability to Your Network
Technology has always been a part of the supply chain network. However, the pandemic has dramatically accelerated the pace at which this occurs. Continuing the automation process and reducing wasted time and resources within the network chain remain critical for continued success. Improving scalability can bring with it many benefits, including:
- Less time wasted on repetitive processes and tasks.
- Lower costs and better returns on investments.
- Faster response times when disruptions occur.
- Improved tracking and monitoring of shipments.
- Better transportation auditing and review processes.
- The ability of employees to focus on specialized tasks.
- Greater response rate and improve capacity loads.
- Better end-to-end visibility and better adaptability.
All of these benefits become accessible with the proper shipping practices and procedures in place.
5. Connect Your Network With an End-to-End Analytics Platform to Manage the Full Shipment Lifecycle
Maintaining optimal services from start to finish and along every step of the supply chain is a daunting task for any logistics manager. By implementing an end-to-end digital network platform that can analyze and connect the entire network, pharma shipping providers can gain real-time awareness. Additionally, the end-to-end analytics makes it easier to access and apply the correct data to potential disruptions throughout the shipping chain. Setting up a platform for collaboration between suppliers, partners, and stakeholders allows for greater understanding and control over the entire shipment lifecycle.
Improve Pharma Shipping in Your Network With the Right Data Analytics Provider
Having the right partnership in place and maintaining access to real-time data analytics improves workforce resiliency. This will become significant for the pharma shipping network as the supply chain network extends farther across the globe to maintain COVID-19 vaccine production and distribution. Find the right provider today to secure continued growth and success. Connect with Intelligent Audit to get started today.