The air cargo industry is on the edge of the connection with the supply and demand. Combined with the services industry, the air cargo industry involve the latest technologies.
As the industries are looking forward to planning the perfect new strategies. Let’s take a look at the fastest growing trends giving the new shape to the transport of pharmaceuticals in 2019.
1. Blockchain – A New Option for Tracking Physical Movement
To identify the damages after the products are ship is next to impossible. However if done, the culprit doesn’t seem to volunteer themselves as to pay off the payload. The worth can reach up to the seven figures in the biologics.
Blockchain Technology: when applied it can help the industry with product tracking and also aids the investigation on whom to blame for the product damage. With the serialization, blockchain can recognize when the 3PL (3rd Party Logistics) contracts a local, and damage incurred to the cartons.
The popular survey is done studying 600 executives across the 15 territories. According to the survey, about 86 percent of people are involved in blockchain and 15 percent are already involved in live projects, pilots or proof.
What will be the impact of blockchain specifically on the logistics industry? With the number of blockchain variations, the Blockchain in Transport Alliance(BiTA) is enforcing for the standardized implementation. The large company partners like DHL, FedEx, and UPS
With the involvement of blockchain in the pharma industry, the work of pharmaceutical distributors will be made easy in future changes. It is expected that the blockchain will not be limited to the tracking between the shipper and receiver. It will see more changes further.
2. Artificial Intelligence – A New Option for Factoring Package Arrival
Artificial Intelligence and predictive software are a huge turn in the industry. They are very well implicated. To know the arrival time of the packages, some factors like weather forecasts, flight time, gulf streams, and even expected time to wait. Holdovers at the customs and border protection facility. Everything matters.
Pharmaceutical suppliers and distribution datasets are in large volume. Now, this makes the AI an ideal for the industry. Having this data to use, AI can identify the new and ongoing issues, empowering positive mediations to preserve the shipment.
This allows the 3PLs to provide the pharmaceutical manufacturers and other stakeholders a new level of services. In the next three to five years if the AI is early adopt then it will be the key differentiator for the shippers.
3. More Cost-Effective Alternative for Less Critical Return Trip
In the last two years, due to the pilot shortage and increase in commercial shipping, the six percent undersupply is witnesses in the available air freight. As a result, creating long lines for residential resources and increasing air freight pricing to accommodate the supply and demand.
The 3PLs and the other transport providers are looking to rebalance the shipping containers in the new climate. Sooner or later it will be essential to seek out the cost-effective alternatives for transportation that solely focuses on the air cargos. One of these alternatives is Sea Freight. It is for the return of the containers after the payloads have reached their destination.
4. Warehouses embrace Robotics and Automation
Transportation of pharmaceutical product is already harnessing the power of robotics to automate the number of tasks like the selection of packaged pharmaceutical. The conveyor belts and the robotic pickers move the cartons from the warehouse and storage and from palletizing area. Humans then load the pallet, pack it for the shipment using the plastic wraps or some other protection. After this, load them into the bulk shipping container for transportation to the airport.
As the airplanes are of delicate nature, the robotics are not able to take over the tasks of loading aircraft cargo holds currently. Currently, the technology is in the development process.
Today where the trends like blockchain, AI and robotics might not currently appear to be the factor impacting the transportation of pharmaceutical products. The factors that will impact air cargo in the near futures are like climates, pilot shortages, and plane shortages. With the huge volume of pharmaceuticals shipped via air freight, even the most inoffensive trends do have an impact on the transportation of pharmaceutical products.
Staying ahead of the latest trends affecting the air cargo in the business imperative for those looking for a safe and efficient ship for the type of payloads.