Pharmaceutical Drugs and Biologics Logistics Global Market Strategies and Opportunities to 2021
Business Insider | July 05, 2018
Pharmaceutical drugs and biologics logistics' covers the physical movement of pharmaceutical and biologic drugs from the manufacturer to the end-user. It includes the transportation, warehousing, inventory management and other logistics functions. The market consists of those pharmaceutical drugs and biologics logistics that are outsourced to logistics companies instead of handled in-house by the pharmaceutical companies. Logistics deals with the procurement, planning, and implementation of process activities in the transportation of goods from one place to another. The pharmaceutical industry utilizes logistics services to supply medicinal products to different end users.