There are many expectations for providing solutions that address the challenges with information flow across the air cargo supply chain. The three technology trends highlighted below could possibly help mitigate airfreight logistics risks, reduce costs related to transportation issues and/or temperature excursions and, most importantly, help manufacturers deliver high-quality drugs safely and on time.
1. The Rise of Robotics And The Internet Of Things
Robotics have long held a place in the shipping industry, automating repeatable tasks and performing jobs dangerous to humans. However, by modernizing the way we receive data and how we communicate, the Internet of Things (IoT) is giving people the ability to connect in ways never before possible. This also applies to logistics management, where advanced supply chain technology is being used to create “smart warehouses.”
2. The Blockchain Movement
While a wide range of industries, from financial services to energy suppliers, use blockchain technology, it has become especially useful in pharmaceutical manufacturing and distribution. That is because this industry requires multiple stakeholders to coordinate the shipment and logistics of high-value drugs that could mean life or death for a patient should they receive a product that has been compromised or if they do not receive it at all. Currently, major users of blockchain technology in the logistics industry include UPS, McLeod, DHL, FedEx and Union Pacific.
3. Artificial Intelligence and Predictive Software
Not only would access to data improve efficiency and productivity in air cargo shipping for the pharmaceutical supply chain, but the use of AI could empower air cargo supply chain stakeholders facing a rapidly growing market.