Cold chain logistics refers to the maintaining precise temperature bands that store and transport pharmaceutical drugs and perishable food products. Due to its rigorous temperature requirements and energy dependence, it is perhaps one of the most complex and demanding logistics segments. The handling of highly sensitive drugs, which ultimately affects a human being, has made it necessary for the pharmaceutical industry to have a robust cold chain logistics system.
Fresh produce spoils easily. Worst of all, it often shows no signs of spoilage until it is too late, causing shipments to be refused at the very end of the fresh supply chain. This usually leaves the cost of the loss to the supplier, producer or grower.
“Today, a typical item that enters Singapore, either from the port, the airport or the Causeway will probably have zipped around the island a few times before it finally reaches the hands of the final consumers”, quoted Trade and Industry Minister Chan Chun Sing, adding that it is a situation that is “highly inefficient, highly unproductive and a waste of time and money”. Trade and Industry Minister Chan Chun Sing further added that Singapore needs to test new concepts and consider it as a competitive advantage.