Good logistics are key to all pharmaceutical manufacturers to ensure that their customers have a continuous supply of drugs from suppliers and distributors in different locations but also for the complete management of the way in which resources such as raw materials and packaging are acquired, stored and moved to different locations. Increased globalisation of companies and new emerging markets have seen the value of the pharmaceutical logistics market double over the past decade and its growth is likely to continue.
Market research analyst TechNavio forecasts a compound annual growth rate (CAGR) of 9.71% for the global pharmaceutical logistics market over the period 2014-2019.1 While the pharmaceutical logistics market in North America is predicted to increase at a CAGR of more than 8% from 2015-2019, some regions are expected to grow even faster. Asia and South America in particular are becoming increasingly attractive. Research and Markets forecasts that the Asia-Pacific pharmaceutical logistics market will grow at a CAGR of 10.45% over the period 2014–2019.2 However, these regions are also regarded as some of the most challenging in supply-chain terms.
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