Effective Strategies for Managing Global Supply Chain

Managing a supply chain in today's complex global marketplace requires an endless series of critical decisions. The increasing complexity of supply chain logistics is affecting the bottom line of companies across the industry, with global supply chain spending growing 12-15% every single year. Many companies are unaware of just how much supply chain logistics costs them in both time and money.

Supply chain logistics has never been more complex than it is right now, and with more sites and more markets opening up daily, they will only grow more complex. There are more clinical trials starting than ever before, and these clinical trials involve more patients and last longer than earlier trials. Many of the complex compounds used in these trials are time-sensitive and temperature sensitive drugs that demand strict cold chain management. With the rise of bio-markers as the preferred measure of efficacy, samples represent critical endpoints of a clinical trial, and any mishandling could harm the integrity of the trial results.