Pelican BioThermal Reveals 2019 Biopharma Cold Chain Logistics Survey Insights Amid Surge of Temperature-Controlled Products
Survey of key opinion leaders uncovers three key trends for biopharma -- increasing quality demands, expanding distribution range and optimizing total cost of ownership.
MINNEAPOLIS, July 26, 2019 /PRNewswire-PRWeb/ -- Pelican BioThermal, the global name in temperature-controlled packaging, surveyed key opinion leaders in the biopharmaceutical industry to better understand emerging cold chain challenges. The 2019 Biopharma Cold Chain Logistics Survey report details compelling findings — revealing the concerns, trends and technologies that are top-of-mind for leaders in biopharma production and distribution.
"As strong growth continues across the global pharmaceutical industry, the sub-category of temperature-controlled products is surging ahead — growing at twice the rate of the industry overall," said David Williams, President of Pelican BioThermal. "Our survey reveals what matters most to key biopharma leaders — and what it means for the future — as the industry deals with the rapid growth and complexity of temperature-controlled logistics."
The survey uncovered three key trends driving top concerns around cold chain logistics. One trend is increasing quality demands as more sensitive products bring logistics complexity and greatly expanded risk. While awareness of temperature-controlled requirements is high, the survey results find that temperature excursions happen frequently — and they're not always minor.
Nearly half of survey respondents (44.6 percent) reported multiple temperature excursions per year, and 41 percent reported their excursions exceeded four degrees. Furthermore, the majority of survey respondents value temperature and location tracking as part of their quality assurance process, however only one in four respondents use this type of monitoring.
Another trend uncovered by the survey is the expanding distribution range as products move further and through more climatic zones than ever. More than half of survey respondents (51.8 percent) regularly ship products internationally — creating an increasingly complex web of local, regional and international connections that require a broad range of transport modes.
Air and ground transport remain the most common transportation modes, but many of the survey respondents are leveraging a flexible portfolio that includes increasing sea and rail transport.
The final trend revealed through the survey is the need to optimize total cost of ownership (TCO) due to relentless competition and margin pressures. These pressures are leading organizations to take a closer look at defining TCO in their logistics and supply chain operations. A full 70 percent of survey respondents agree that TCO is important or very important, while only 10 percent still merely look at basic packaging costs and transport rates.
Driven by a better understanding of TCO, biopharma organizations are increasingly recognizing the benefits of reusable containers to protect and deliver their highly sensitive products. An impressive 79 percent of survey respondents said reusable containers — though more expensive than single-use containers — are worth the investment. More than one-third of respondents (37.6 percent) are already using reusable rental programs in their cold chain logistics operations and 25 percent are actively exploring this option.
To read the full 2019 Biopharma Cold Chain Logistics Survey report, visit http://www.pelicanbiothermal.com/survey. For information on the wide range of Pelican BioThermal products and offerings, visit http://www.pelicanbiothermal.com.
Pelican BioThermal is a division of Pelican Products, Inc., which is a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco.
About Pelican Products
Pelican Products, Inc. is the global leader in the design and manufacture of high-performance protective cases, temperature-controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Their products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and in numerous outdoor markets. Pelican™ products are designed and built to last a lifetime. The company operates in 26 countries, with 24 international sales offices and six manufacturing facilities around the globe. In Europe, the company does business under the name Peli Products, S.LU. For more information, visit http://www.pelican.com or http://www.behrmancap.com.
About Pelican BioThermal
Pelican BioThermal LLC offers the widest range of temperature-controlled packaging and service solutions to the global life sciences industry. The company's products ensure that delicate biological materials arrive intact and effective, despite exterior environments. Pelican BioThermal is dedicated to developing innovative products designed to fulfill the complex needs of the global life sciences industry. The company's efforts have received recognition including the U.S. Army's Greatest Inventions, the Made in Minnesota Manufacturing award for supply chain innovators and the Finance & Commerce Progress Minnesota award for business growth. Pelican BioThermal's customers benefit from its extensive expertise in ensuring that temperature stability is maintained throughout the distribution chain. The company also offers a complete portfolio of services and software to support end-to-end temperature-controlled packaging asset management. In Europe, the company does business under the name Peli BioThermal Limited. For more information, visit http://www.pelicanbiothermal.com.
All trademarks are registered and/or unregistered trademarks of Pelican Products, Inc., its subsidiaries and/or affiliates and others
SOURCE Pelican BioThermal
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