News / Logistics errors cost pharma sector $35bn a year – smarter data could help

© Elena Abrazhevich |

Logistics problems cost the pharma industry about $35bn a year – technology is viewed as a lever to bring that down, but the obstacles are massive.

However, these staggering losses are almost entirely preventable, according to Mahesh Verina, president and CEO of ParkourSC, a provider of supply chain insights and intelligence software.

To do the job, pharma supply chains must become ’more digital and agile’ – with the help of technology, he argued.

“New technologies for supply chain visibility and control can mitigate ...