Filadelfia, artificial intelligence and external market forces such as the shortage of pilots and sea transport as an alternative to air transport are expected to change the transportation of drugs in 2019 and beyond, says Pelican BioThermal.
Dominic Hyde, vice president of Crēdo on Demand at Pelican BioThermal, says that the air freight industry is at the center of supply and demand.
"In combination with its role in the service sector, the air freight industry is heavily influenced by the latest technology and market forces, so make a company plan a month, let alone a year In advance it is a difficult task.While trying to make strategic decisions in the next year, we take a look at the fastest growing air transport trends that shape the transportation of pharmaceutical products. "
1. Blockchain provides new options for tracking physical movements
Identifying the source of the damage produced after a sender has arrived at the end-user's facility is an almost impossible task. Not only can the source of the damage come from almost all parts of the journey, but it is unlikely that the perpetrator voluntarily undertakes to pay for damage to a payload that, in the case of biological drugs, can count more than seven figures. It is possible to manufacture paper posters, custody chains and damage records and conceal responsibility.
Blockchain technology; however, it can create a permanent and incorruptible record that tracks the physical movement of a sender and can help investigate who is to blame for the damage. Through serialization, the blockchain can identify when a major 3PL contracted a local third party haulage company, for example, and damage to a carton occurs. While there are currently a number of blockchain variations, Blockchain in Transport Alliance is pushing for a standardized implementation in the logistics sector. At this time, large industry partners such as UPS, FedEx, DHL and Union Pacific have signed the BTA, making the future of the blockchain in air travel almost certainty.
Within the decade, I expect the blockchain to expand beyond the shipper and receiver tracking and include the entire pharmaceutical supply chain. Blockchain technology increases data and visibility – from the suppliers of ingredients to the end-user patient and the intermediate stage – using a permanent, decentralized and public digital register.
2. Artificial intelligence presents new options for the arrival of the factoring package
Artificial intelligence (AI) and predictive software have enormous implications for the naval industry. Algorithms that can take into account weather forecasts, flight times, Gulf fluxes and even the expected waiting and staying times at customs and border protection structures, all factors that affect package arrival times.
The pharmaceutical distribution data sets are large, making AI application ideal for industry. Using this data, IA has the potential to identify new and ongoing problems, allowing them to take positive action to preserve shipments. This level of data has the potential to enable third party logistics service providers (3PLs) to provide pharmaceutical manufacturers and other stakeholders with a new level of customer service; Advance adoption of AI will be a key element in differentiating shippers over the next three to five years.
3. External market factors require consideration of cheaper alternatives in terms of costs for less important return journeys
The shortage of drivers and the increase in commercial navigation have led to a 6 percent drop in air transport available in the last two years. As a result, the long queues for a decreasing resource and the increase in air freight prices to accommodate supply and demand. Given that the 3PLs and others that offer transport services aim to rebalance shipping containers in this new climate, it will be essential to look for cost-effective alternatives to transport options that focus exclusively on air transport.
At Pelican BioThermal, one of these alternatives is sea transport for the return of containers after the payloads have reached their destination. The use of less expensive options, such as sea transport, allows us to circumvent the laws of supply and demand in air transport and to transfer these savings to our customers. We expect others to look to transportation by sea and other alternative shipping routes as a way to mitigate the cost of air travel associated with tensions and commercial failures.
While it tends to block the blockchain and AI may not seem to be a factor that has a direct impact on the transportation of pharmaceuticals – along with factors like commercial climates, shortages of shortages and flat shortcomings – these are trends that are likely to have an impact on air cargo over the next few years. With a large quantity of pharmaceuticals sent by air, even the most harmless trends in air transport can have a significant impact on the pharmaceutical cold chain. Consequently, keeping up with the latest trends affecting air freight is a business imperative for those wishing to ship these types of payloads safely and efficiently.
