Chapter 3: The Future of Logistics - A Digital Perspective

As we stand on the cusp of a technological revolution in pharmaceutical logistics, digital innovations are reshaping the industry's landscape. This chapter delves into the transformative technologies that are set to redefine supply chain management in the coming years.

Internet of Things (IoT) emerged as the top digital supply chain initiative, with 50% of respondents identifying it as a priority for the next 2-3 years. Artificial Intelligence (AI) follows closely at 46%, highlighting the industry's focus on data-driven decision-making.

For those prioritising AI, key goals include forecasting risk and demand, reducing excess inventory and stockpiling, predicting supplier issues, managing supplier contracts, and reducing transport time. These objectives underscore AI's potential to enhance efficiency and resilience across the supply chain.

When considering real-time loggers, respondents prioritise intervention capability (58%), faster information (57%), and regulatory compliance (56%). Interestingly, battery life and durability (16%) were deemed less critical, suggesting a focus on functionality over hardware longevity.

The pharmaceutical logistics sector is clearly moving towards a more connected, intelligent future. By leveraging IoT and AI technologies, companies aim to improve forecasting, optimise inventory management, and enhance overall supply chain visibility.

The emphasis on real-time intervention and rapid information flow indicates a shift towards more agile and responsive logistics operations, while maintaining strict regulatory compliance.