Increasing Visibility in Pharmaceutical Cold Chains – An IoT Case Study by Morpheus Network

Abstract

With the dawn of globalization and interconnectedness around the globe, supply chains have become incredibly complex. There is often tangle of involved actors that stretches far beyond a simple peer to peer relationship. Not only are there co-dependencies across the entire chain, but there is also a plethora of intermediaries involved in physical movement of goods: Forwarders, insurers, governmental bodies like customs and many more. This complexity makes international transactions a challenging task for involved parties, however, efficient supply chain management is one of the key pillars to business success. By increasing efficiency of business processes and effectively managing the supply chain, companies can create and secure impactful competitive advantages. Unfortunately, many processes are still analog and interdependent streams between physical delivery, supporting documentation and payments are disconnected.

This is exactly where technology can support and create chances for optimization and automation. Imagine a world where supply chains can be automated end-to-end, including handovers between multiple parties and the respective back office processes. One event triggers the next and they all are interconnected. Pharmaceutical cold chain is a major part of the supply chain in the healthcare industry. Cold chain logistics services help the pharmaceutical drug and healthcare industry maintain an uninterrupted supply of drugs and clinical products from suppliers and distributors in varied locations across the globe [1]. This paper discusses about how Morpheus.Network offers solutions which can help improve efficiency of pharmaceutical cold chain.