Implementing Track and Trace Technologies in Pharma Warehousing – Enhancing Visibility and Accountability

The pharmaceutical industry, valued at USD 68.4 billion in 2022 and projected to reach USD 92.6 billion by 2028 (CAGR 5.18%), is under increasing pressure for transparency and accountability in its supply chain. Traditional warehousing systems face challenges in providing real-time visibility, leading to inefficiencies, counterfeit risks, and product recalls. This whitepaper delves into how Track and Trace (T&T) technologies can transform pharma warehousing, offering enhanced visibility and accountability.

T&T systems, utilizing barcodes, RFID tags, and vision systems, track products from raw materials to end-users, providing real-time data for benefits such as enhanced visibility, increased accountability, transparency, and counterfeit mitigation. Careful planning is essential for successful T&T implementation, involving the selection of the right technology, integration with existing systems, and employee training.

Embracing T&T enables pharmaceutical companies to gain a competitive edge, build trust with stakeholders, and ensure product safety. This whitepaper serves as a comprehensive roadmap for implementing T&T and unlocking its potential for pharma warehousing operations.