Bonita Swilet Pereira, GM – Head of Pharma, WIZ, says, “The pharmaceutical industry faces challenges in maintaining cold chain product transportation due to temperature fluctuations, which can affect the efficacy of life-saving drugs. The industry operates in a fragmented and unorganized market, with challenges in packaging, storage conditions, distribution methods, equipment/ vehicle conditions. These issues lead to temperature fluctuations, delays, wastage, damage, and financial loss. To address these issues, the use of technology and drones can help improve the cold chain infrastructure. Implementing blockchain can improve & create a secure & transparent platform capturing data at every interaction in the supply chain. Drones can help overcome transit delays & maintain product shelf life, especially for life-critical demands like accidents or pandemic shortages.
Usage of digital equipments like data loggers help to register temperature, humidity, shock & vibrations during storage & transport. Artificial intelligence and IoT can help in optimizing operational efficiency by providing real-time tracking. AI can further be developed to proactively respond to demand changes and disruptions and shoot alerts through their milestone tracking platforms. WIZ enables real time tracking solution to cater to the time sensitive solutions with vision for digital supply chains.”