The Benefits Of Integrating Cold Chain Packaging & Asset Tracking Solutions

How innovative cold chain packaging protects valuable assets.

Cold chain packaging solutions are specially curated to maintain ideal temperature ranges for cold chain products. The need to keep products in optimal temperature conditions ensures the safety and longevity of high-value goods such as pharmaceuticals and perishable foods. The industries which utilise cold chain packaging are diverse, and often have unique cold chain monitoring requirements for their assets. Cold chain packaging, however, is only the first step in ensuring valuable temperature-sensitive assets are protected throughout transport. 

The impact of breaks in the cold chain.

A report by IQVIA Institute for Human Data Science found that the biopharmaceutical industry alone loses USD $35 billion annually in asset waste due to temperature violations in the cold chain. Further, WHO estimates that 50% of all vaccines may be wasted annually due to inefficient supply chains. These are astounding losses, which amounts to much more than mere economic loss alone. Ineffective pharmaceutical distribution and increased damage & waste can all flow on from breaks in the cold chain. Cold chain packaging solutions can be enhanced by integrating asset tracking and monitoring solutions to help prevent asset damage and waste during transport if breaks in the cold chain occur. 

The impact of integration between cold chain packaging and innovative asset tracking solutions.

Automation of cold chain monitoring has never been easier, with the rise of IoT enabled asset tracking solutions across the industry. Integrating cold chain packaging with asset tracking solutions provides unrivalled data on the status of assets. Vital metrics such as location and temperature can be monitored in near real-time allowing decisions to also be backed by data. 

Breaks in the cold chain have led to two million tonnes of food being wasted every year, including AUD $90 million in seafood and meat alone. These drastic numbers highlight the need to make rapid changes to how cold chains are managed. Integrating asset tracking solutions with cold chain packaging will ensure vital metrics are collected on assets and enable stakeholders to take prompt action when deviations occur.