08.27.21
Healthcare is top of mind these days for consumers. Be it pharmaceutical or OTC – or a host of products in between – health and wellness has been a significant priority for consumers and brands alike.
According to a 2019 report by The Freedonia Group, demand for pharmaceutical packaging products in North America is projected to rise 5% annually through 2023. The Covid-19 pandemic has only accelerated this trending space. There are challenges, though – and they are specifically centered around the supply chain. The World Health Organization (WHO) states that up to 50% of vaccines are wasted globally every year due to improper temperature management in the supply chain. Similarly, according to IQVIA, the biopharma industry loses $35 billion annually as a result of temperature-control failures across supply chains.
Avery Dennison, a material and substrate supplier based in Mentor, OH, has seen strong growth for pharmaceutical labels over the last 18 months in response to the Covid-19 pandemic and corresponding effort o
According to a 2019 report by The Freedonia Group, demand for pharmaceutical packaging products in North America is projected to rise 5% annually through 2023. The Covid-19 pandemic has only accelerated this trending space. There are challenges, though – and they are specifically centered around the supply chain. The World Health Organization (WHO) states that up to 50% of vaccines are wasted globally every year due to improper temperature management in the supply chain. Similarly, according to IQVIA, the biopharma industry loses $35 billion annually as a result of temperature-control failures across supply chains.
Avery Dennison, a material and substrate supplier based in Mentor, OH, has seen strong growth for pharmaceutical labels over the last 18 months in response to the Covid-19 pandemic and corresponding effort o
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