In the freight forwarding industry of India, doing pharma logistics is not an easy feat. It is because freight forwarders are usually expected to achieve top-line budgets while being in business throughout.
Picking up essential vitamins and medicines from the local pharma store is a seamless task. However, shipping pharmaceuticals serves to be a major challenge. It is more crucial as the concept of chain cold logistics plays a major role in the entire pharma supply chain. Hiring the best freight forwarding companies can deliver a host of benefits to pharma exporters.
What is a Freight Forwarding Company?
Freight forwarding refers to seamless coordination of bespoke transportation. It is a service responsible for assisting with the shipment of goods from the source to its destination with the help of a single or several carriers. The serve can leverage air, rail, road, or marine modes of transportation.
A freight forwarding company can serve as a viable alternative to shipping goods from a reliable source. in most cases, the service providers offer access to proper space required for shipping the desired items (like pharmaceutical products) while also helping with customs clearance, insurance, and documents.
Freight forwarding services from reliable providers help in streamlining the entire shipping process while assisting you in avoiding international tariffs and restrictions. It also enables businesses to focus on other core aspects of the operations.
Benefits of Hiring a Freight Forwarding Company for Pharma Exporting
Shipping vaccines and prescription medicines to pharmacies, clinics, hospitals, or medical companies can be an overwhelming task. To ensure the overall safety and integrity of pharmaceutical products, they are expected to be safe within the specified humidity and temperature ranges. A reliable freight forwarding company for pharma distributors can ensure the same.
As depicted by the rules set forth by the WHO and FDA, cautious measures are expected to be taken towards ensuring that pharmaceutical products are handled effectively during transportation. Most freight forwarding companies abide by such rules and regulations to ensure the safest transportation of pharmaceutical items.
There are several more benefits freight forwarding companies can offer to pharma exporting agencies, including:
- Expertise in International Shipping Regulations
Partnering with an international freight forwarder will create ample opportunities for your pharma business without the investment of time and resources into understanding the entire logistics industry across the globe.
Arranging international shipping is a complex process for pharma businesses. Significant documentation as well as coordination is required for handling the entire shipment efficiently. While freight forwarders are capable of handling all the details of international shipping, it is crucial that you should understand the role of a professional freight forwarding company.
- Reduced Risk of Shipping Delays or Errors
As we do not live in a perfect world. Shipping delays or errors are quite common. Some modes of transport are less prone to unpredicted delays in comparison to others. A shipment delay or error can leave a bad impression of your pharma company or brand on the receiving end. With a reliable freight forwarding company at your disposal, you can minimize the risks of shipping delays or errors significantly.
- Cost Savings Through Negotiated Rates with Carriers
Freight forwarders usually provide comparatively cheaper shipments. As you are not the only one sending parcels through them, they usually enter into the negotiation stage with the respective carriers. Moreover, several freight forwarders offer discounted rates to regular customers or those sending a large shipment.
- Access to a Global Network of Carriers and Agents
Freight forwarder networks serve as the worldwide umbrella network of experienced members who work in collaboration with each other under set standards while also actively promoting and supporting each other in the field of logistics and other related services.
Using their existing working skills and in-depth industry knowledge in the form of local operators, freight forwarding networks help pharma companies remain competitive throughout.
- Improved Shipment Tracking and Communication
By tracking shipments in real-time, freight forwarding companies are nowadays leveraging cutting-edge technology to offer clients up-to-date information on the exact location of the cargo.
Challenges in Pharma Exporting and How a Freight Forwarding Company can Help
Some of the unique challenges that pharma exporters have to face on a daily basis are:
- Strict regulations and certifications
- Temperature-controlled shipment requirements
- Fragile and sensitive products
Rather than facing the overwhelming task of maintaining temperature control, shipping regulations, security, and the overall logistics management, you can hire services from professional freight forwarders to handle all such details. With a team of experts exporting medicines and other pharma products internationally, you can enjoy a wide range of benefits.
Pharma&Healthcare Logistics brings forth the case study of transporting hair care products. The primary challenge was sourcing products from Korea. The customer used a freight forwarding company to offer assistance with air freight transportation. As the client base grew and there was an increase in the overall product offering, the freight forwarding company came up with an all-in-one solution to suffice the respective supply chain needs -right from origin to destination.
How to Choose the Best Freight Forwarding Company for Pharma Exporters?
Choosing the right freight forwarding company is the best way to ensure that your pharma goods are transported quickly, securely, and in a hassle-free manner. The freight forwarding companies will take care of the necessary details to ensure the overall safety of your pharma products. Some of the important factors to consider are:
- The number of years the freight forwarder has been in business
- The overall reputation of the freight forwarding company in the given domain
- Do they keep their promises related to the deadline?
- Modes of transportation offered by the freight forwarding company
- Network connections of the company
Are you in search of the best freight forwarding company to handle the transportation of your pharma products? VSTrans is your one-stop destination to get answers to all your logistics-related queries. If you wish to explore the domain of freight forwarding services for pharma exporters, fill out the online form now!