Supply Chain Innovation Is Key to Affordable Healthcare, Report Says

DHL's "The Future of Life Sciences and Healthcare Logistics" argues that the sector urgently needs to change its supply chains in response to technological innovations and evolving patient needs.

Between 2015 and 2019, global healthcare spending is expected to increase by 4.3 percent annually. There are significant pressures from governments and regulatory authorities to lower costs.

Meanwhile, consumers increasingly receive services through online channels and mobile applications, spurring growth of telehealth and e-pharmacies.

Yet the industry is currently ranked in the bottom 20th percentile of McKinsey's Industry Digitization Index, lagging behind the public sector.

Among the trends and technologies that will revolutionise the health and life sciences supply chain are advanced data analytics, which will let healthcare providers make more informed decisions about the management of their operations, predict demand, cut costs and improve efficiency.

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