Pharmaceutical Air Cargo Subjected to Rapid Increase

Air cargo of the pharmaceutical is increasing rapidly and thus the share has increased

As the global pharmaceutical industry is booming, air cargo industry is offering different technologies to deliver medicine and human organs based cargo to their destinations in its real condition. Several airlines are offering temperature sensitive cargo delivery facilities for the temperature sensitive cargo.

Overall expectations are that this boost in the pharmaceutical industry will continue in the future and it will also benefit the air cargo industry.

Projected global rise

The major share in the pharmaceutical air cargo is based on the temperature sensitive goods. It was estimated to be $8.36 billion in 2014, however, it is expected that this share will be raised to 10.30 billion dollars by 2018. While the pharmaceutical cargo will act as a golden opportunity for the air cargo industry and shippers.

Actual situation of Pharmaceutical cargo

Actual situation is not that what the cargo industry is expecting because unfortunately, air cargo share of global pharmaceuticals was subjected to fall since 2000, from 17 percent to 11 percent in 2013.

It was caused by several factors including, A lack of compliance, regulations, accountability, responsibility, and transparency in the air cargo operations have all contributed to this failure. However, now after more than a decade, it is regaining its lost position but now it is necessary to adapt the strict and unique standards to maintain this rise and make permanent.

The Challenges of Pharmaceutical cargo

Pharmaceutical products require special care and handling techniques when being transported to their specified destinations. It is even harder than the shipment of food and perishable goods.

It is very important to strictly follow the schedules to reach at the destination on time to save the actual value of the goods. Only special handling protocols and techniques can help the cargo companies to protect and securely deliver pharmaceutical cargo to Pakistan quickly and often with great care.

Vulnerabilities in Pharma Industry

The pharmaceutical industry is very volatile and vulnerable to the unfavorable cargo conditions such as, very high temperatures, or high air pressures and they become completely worthless upon arrival at the airport.

Not only that, they become equally dangerous for the patients as well, as a result, pharmaceutical companies suffer from annual losses in billions of dollars just due to negligence at the handling. Overall global losses recorded up to 12.8 billion dollars in any single year, only because of bad air cargo services and this volume of loss for a business of $300 billion globally is just unacceptable.