With the commencement of new decade and a lot of advancements in several industries, there are many exciting trends that will be shaping the transportation in pharmaceuticals industry. For instance alternatives to air freight, pricing pressures and increasing automation are few amongst others.
Listed below are some of the emerging trends that will probably make 2020 unique:
Global Trade Pressures Driving down the Air Freight Demand
After the years of Brexit dispute, the United Kingdom is now departing from the European Union as well as entering a transition period till December 2020. The impacts of Brexit followed by a fact that Germany has just very closely evaded an official recession at the end of 2019 has been driving down the demand of European air freight. In addition, the US tariffs targeted at four regions in retaliation over the subsidies to Airbus has hit hardly to Germany.
In the meantime, the U.S.-China trade war have started thawing with the signing of phase one trade deal. However, 2019 trading data has shown that the climate will probably need to recover significantly to fight against almost 8.1 percent year-on-year decline in freight ton kilometers. Price is the primary & hastiest tool at air freight’s disposal towards addressing declining demand. But, in long-term price cut will not be sustainable and with constant changing environment, air freight corporations will have no choice then to reduce the flights from their timetables along with mothballing aircraft. Also, will have to cease exercising the purchasing options that didn’t feature the diminishing demand.
Pharmaceutical Packaging: One size not fit for all
Pharmaceutical packaging manufacturers have widened their product portfolios towards enabling the most effective solutions to be chosen, competent & deployed across the global supply chains.
And the best part is that the cold chain consultants are having the tools as well as resources for streamlining the novel approach. Packaging pharmaceutical products have been engineered as well as tested to integrate operational reliability & simplicity that would otherwise perhaps make it very difficult towards deployment. Furthermore, networks & services have been developed plus deployed in order to enable effective & reliable outsourcing of processes.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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