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Medicine companies that work around the world are now helping to clear the freight bottlenecks. The pharmaceutical industry is one of the world’s largest, taking roughly 30 percent of international freight. Most of the work is domestic in the U.S. The pharmaceutical industry is responsible for about 80 percent of global pharmaceuticals, contributing $3.2 trillion in revenue annually, according to the Pharmaceutical Wholesaler and Suppliers Association. The percentage of international shipments that arrive on time or early can be highly variable, with the FDA saying that for pharmaceutical s,
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IBM researchers created a platform for gathering and managing data on pharmaceutical distribution in 2013, five years after the project's beginning, representing a significant step towards the technology's practical implementation. Lee Munyeon, the program's general manager, claims that pharmaceutical firms are curious to learn "how to put data about shipments at the service of my procurement teams." Whether or not they are put in the right container, the corporation believes that this can prevent mistakes. A system for accelerating product shipping routes through the seaports of China, Singa