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ABI Research Blog | Supply Chain Management & Logistics (6)

Using Pharma Supply Chain Analytics Solutions to Promote Operational Visibility

May 2, 2022 12:00:00 AM / by Tancred Taylor posted in Supply Chain Management & Logistics

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By 2025, global spending on pharmaceutical (pharma) products will reach US$1.6 trillion, according to a report from IQVIA. And that doesn’t even include the current US$220 billion spent on chemicals, raw materials, excipients, and other Active Pharmaceutical Ingredients (APIs) that are needed to produce finished medicines. This demand, in tandem with a strict regulatory environment, necessitates the need for Internet of Things (IoT) technologies that provide rich data and analytical insight into logistical operations. 

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