The pharmaceutical industry loses
$35B
annually due to failures in temperature-controlled logistics
Rising healthcare costs and regulatory pressures have pushed many pharma organizations to focus on how to eliminate waste which helps to not only demonstrate improved sustainability, but to reduce costs.
Digital asset management and connectivity enables a faster, more efficient response to prevent waste. With ParkourSC, our customers maintain visibility of critical materials and equipment wherever it is—indoors, outdoors, or in transit and react to issues quickly to maintain a more sustainable supply chain.
The pharmaceutical industry loses
annually due to failures in temperature-controlled logistics
Reduce environmental impact with optimized routing options
Reduce waste via better asset management and AI planning
Better track ESG activities and KPIs to show investors and partners your commitment to social responsibility
Sustainability efforts are evolving all over the world and more regulations are being put in place. Life sciences organizations are not immune to these new regulations and must expand their sustainability efforts outside of the value of their medicines. But, focusing on Environmental, Social and Governance (ESG) does not mean less profit.
A McKinsey article found that a strong ESG compliance program leads to five ways that improve a company’s value.
With ParkourSC, you can set KPIs and track your ESG activities in your supply chain to improve sustainability and increase your bottom line results.
One of the world’s leading appliance brands deployed ParkourSC to monitor real-time status of 32,000 pieces of heavy industrial equipment used across 13 production plants. The tools are often disassembled for moves between sites and to ship for repair. The manually tracked process was prone to errors that led to missing inventory, poor asset utilization, year-end write-offs, and over provisioning. Introducing low-energy sensor tags, the company now captures location and environmental factors, like vibrations, that impact condition. Following deployment, they achieved ROI in three months, with an annual payback against costs of 8X.
A sustainable supply chain makes the most of its resources, and a compliant one meets customer demands for quality and corporate behavior. Better ESG compliance in the supply chain starts with robust technology, and ParkourSC is your trusted solution to:
Generate automated chain of custody logs and set up custom alerts to know when compliance is at risk.
Use predictive analytics to identify opportunities for efficiencies in shipping lanes and transit routes to offset emissions.
Use powerful digital twin technology and other collaborative tools to let everyone harness data insights for more compliant and sustainable supply chain management.