3 Keys To Mastering The Life Sciences Supply Chain With A 3PL
In the past, most pharmaceutical companies performed their warehouse and distribution services within their own facilities, with very few outsourcing these processes to third-parties. The supply chain was much simpler then, essentially getting a product from point A to point B.
Today’s life sciences supply chain, however, is fraught with complex logistics challenges, including high-dollar product, specific temperature requirements, regulatory compliance, and correct licensure to distribute, receive, and store product. Economic recession and explosive growth in emerging markets have also forced companies to question legacy systems, and make strides towards more efficient global practices. In turn, manufacturers are increasingly turning to third-party logistics (3PL) partners to manage their now multifaceted supply chain systems.
This paper will outline the three keys to success in leveraging a 3PL in today’s increasingly complicated life sciences supply chain — understanding regulations, maintaining control, and staying focused.