Partnering with a reliable 3PL provider ensures that you will be able to provide the best possible customer service and patient care by streamlining your supply line from top to bottom.
Supply chain disruptions can be detrimental to not only your business but to those you serve. Pre-pandemic, both the US pharmaceutical and medical device supply chains were experiencing supply gaps due to relying heavily on other countries for manufacturing. Covid-19 highlighted how problematic this is for wholesale pharmacy suppliers and the US Pharma Supply chain as a whole. This is because we lack resources within our borders. Approximately 72% of all essential pharmaceutical ingredients are outsourced overseas, with 13% coming from China.
By the end of February 2020, supply chain disruptions became so bad that the FDA issued a press release detailing a plan to course-correct and repair broken links within the US supply chain. The press release stated that the FDA had a list of 150 drugs in short supply. That was 150 medications many patients had to do without in the early stages of the pandemic. Fast-forward almost 2-years later, and the supply of much-needed pharmaceutical, personal protective equipment (PPE), and healthcare products continues to fluctuate. In turn, it has become difficult for many pharmaceutical third-party logistics providers and medical device manufacturers to keep up with the current supply and demand due to supply chain inconsistency.
If the FDA struggles to solve problems within the supply chain, a healthcare manufacturer’s chances of maintaining a healthy inventory are slim without partnering with a 3PL provider. Finding products could seem impossible because of shipping delays caused by weather or natural disasters. A supply shortage puts patients at risk of not receiving proper care due to the limited supply of time-sensitive drugs. A reliable 3PL pharmaceutical distribution strategy can help to bridge this gap by carefully storing, handling, and providing shipping services on products when the need is most critical while still maintaining DSCSA compliance throughout.