Purchase or Rent?

Mar 10, 2022

The worldwide pharmaceutical cold chain logistics industry is vast and continues to grow, with projected global biopharma cold chain logistics spending in 2022 predicted to reach $19.1 billion. And global biopharma cold chain product sales in 2024 are expected to reach $440 billion.

The pandemic accelerated market growth with an increase in temperature-sensitive pharmaceuticals transported across the globe and the continuing requirement for worldwide shipments of COVID-19 therapies, vaccines and boosters.

There are key considerations when selecting suitable shipping solutions for temperature-sensitive payloads, including the type of thermal packaging, insulation and qualified durations. Many companies also wrestle with the question of whether to purchase or rent.

In a recent article in European Pharmaceutical Manufacturer, Paul Terry, Sales and Marketing Director - EMEA, helps answer this question.

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Credo Cargo Handler