2015-2017 Archives (Please contact us for access)
Summary: GEFCO recently opened a Life Sciences and Healthcare dedicated temperature-controlled warehouse close to London Heathrow airport, UK. Additional temperature-controlled facilities are located in Frankfurt, Germany and Amsterdam, Netherlands. According to the press release, the site features different temperature areas: from ambient (15ºC to 25ºC), and cool (2ºC to 8ºC) to frozen (-15°C to -25ºC). The facility also provides high security levels including onsite x-ray screening for air cargo and constant 24/7 monitoring. It is GDP compliant and ISO 9001:2015 certified.(Industry: Healthcare)
LogisticsTI Take: According to GEFCO’s Forwarding Quality & Compliance Director, “We are able to differentiate our service by holding a Wholesale Dealer Authorization which demonstrates to our customers that we operate under the same compliant standards that they do” The Wholesale Dealer Authorization allows the facility to store human and veterinary medicines as well as medical devices as part of its logistics and transportation services. GEFCO joins a growing number of providers to offer specialized temperature-controlled warehousing near Heathrow airport.
Summary: January 16, 2018 – UPS subsidiary, Marken, opened a new kit building center in Shanghai. It is the company’s third location in addition to Hamburg and Singapore. The 370 square meter facility includes a processing area for patient sample collection kit assembly, a dedicated temperature-controlled storage area and office space. The existing Shanghai logistics office will be co-located which allows the combined facility to import raw materials and distribute kits domestically throughout China, in addition to the movement of biological samples and clinical drug product.
According to Marken’s VP Asia Pacific Asia Pacific Region, “The opening of our new Shanghai facility allows us to provide more services to our customers in China. Shanghai is a strategically important gateway for China, as an important domestic hub for kit distribution but also as a key hub for distribution of clinical drugs and movement of biologic specimens. Adding the kit building capability to this location further strengthens our service offering in Shanghai and complements our operations in Beijing and Hong Kong. We now have 14 locations in the Asia Pacific region and we will continue to grow with our client’s needs.” (Industry: Healthcare)
LogisticsTI Take: Marken continues to expand its capabilities throughout Asia. This region is fast growing and will need such services regionally as well as globally. In addition, UPS will benefit via its premium transportation solutions.
Summary: January 16, 2018 – UPS Capital introduced new options for in-transit cargo for U.S. importers. The offering increases the amount a business can borrow from 70% of the supplier’s commercial invoice to 100%. Other enhancements include:
- Repayment terms up to 90 days rather than 75 days
- An unsecured credit line that won’t interfere with existing banking relationships
- More competitive interest rates for eligible companies shipping with UPS
According to the president of UPS Capital, “These enhancements effectively increase liquidity to support the growth of small and mid-sized businesses. They are designed to accelerate cash flow so companies can have more working capital to invest in their businesses.”
The UPS Capital Cargo Finance service can provide unsecured credit lines from $300,000 to $1.5 million to pre-approved borrowers. After UPS Capital confirms the supplier invoice and the shipment has left the point of origin, funds are disbursed to the U.S. importer, UPS Capital’s customer. These businesses are then able to use the funds to purchase more inventory, pay suppliers earlier at better terms and to invest in their business. (Industry: Finance)
LogisticsTI Take: According to the press release, a U.S. Bank study indicates that 82% of businesses fail due to poor cash flow. Local banks generally don’t offer credit lines on in-transit inventory, making it difficult for small importers to find the cash they need.
Many logistics providers are targeting the small-to-medium size business market with specialized solutions such as this. Thanks to the growth in e-commerce/technology solutions, the competitive playing field has become leveled for small-to-medium size businesses to compete against larger competitors. Furthermore, it helps those businesses that may be ready to expand their business but are hesitant are unaware of such solutions available to them.
Summary: January 12, 2018 – World Courier, a part of AmerisourceBergen, announced that it achieved Good Distribution Practice (GDP) certification across its global network. The company received the certification following a six–month long evaluation process, during which a team of DQS auditors analyzed World Courier’s transportation, handling and storage processes, and tested them against guidelines outlined by the European Union (EU GDP Guidelines), United States Pharmacopeia (USP 1079) and World Health Organization (WHO GDP). GDP guidelines regulate the distribution of medicinal products from the manufacturer to the patient.
World Courier is the first logistics company to attain global GDP certification against three major GDP standards with international implications and the only provider to hold a GDP certification with such wide and global scope.
According to World Courier’s President, “… With the increased globalization of supply chains and the emergence of high-value products, such as cell and gene therapies, there is a heightened demand for strict quality and temperature control measures to ensure product quality and integrity throughout long-distance deliveries.” (Industry: Healthcare)
LogisticsTI Take: To ensure proper storage, transportation and delivery of high-valued, sensitive goods such as pharmaceuticals, certifications such as GDP provides assurance to shippers that these goods will move throughout the supply chain intake and stabled throughout the world.