FedEx turns focus on global healthcare sector

The healthcare industry is dynamic and growing at a rapid rate. FedEx estimates the global healthcare industry is valued at $1.1 trillion and is growing at a CAGR (Compound Annual Growth Rate) of 5%-8%. The transportation portion of the industry is forecasted to reach $36bn by 2012 and cold chain valued at $9.5bn by 2016.

The globalisation of the healthcare industry along with increases in regulations has resulted in opportunities for transportation and logistics providers such as FedEx. However, according to Richard Smith, FedEx’s Managing Director of Life Sciences and Specialty Services, one of the most difficult issues for customers is when products move from one location to another. Shippers, such as pharmaceutical manufacturers, need to be assured of not only the security but also that the correct temperature is maintained throughout the transportation process—a much more difficult proposition than managing temperature when products are at rest.

As the world’s largest air cargo carrier, FedEx believes it is in a unique position in the transportation industry in its ability to maintain security and temperature control of products. For example, FedEx takes on a custodial role in managing the shipment of healthcare goods. It offers targeted temperature-controlled services in all markets where it has a custodial-controlled network, from pick up through delivery; instead of handing off the goods to a third party. Although demand for transportation of healthcare products is currently strongest in the US, FedEx anticipates greater demand from Asia, particularly in Southern India, home for many pharmaceutical manufacturers.

FedEx also offers temperature-controlled road transportation although mainly within the US market. Transportation services offered include temperature -controlled vehicles and a temperature-controlled delivery network that is monitored and maintained for cold-chain compliance. FedEx is also developing its warehousing and distribution services for critical inventory in the US, Europe and Asia, including India.

FedEx maintains that its‘ dominant position in the air cargo space is what sets it apart from the rest of the competition within the healthcare industry. As the healthcare industry continues to globalise, Smith says it will look for partners that can demonstrate the ability to handle industry concerns such as security and the management of temperature-sensitive goods.

Quelle: eyefortransport
Portal: www.logistik-express.com

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