Updated on 20 September 2013
Despite this gap, Asian healthcare executives are globally the most optimistic about the economy, with only 31 percent reporting that they are still feeling the effect of the recent years’ downturn (compared with North America - 57 percent; Western Europe - 47 percent; and Latin America - 69 percent). Among the Asian respondents, 74 percent are also planning to expand globally in the next five years. Consistent with 2012’s results, China, India, Brazil and the United States are the top four countries targeted for global expansion and investment in new technologies remains on top of the list for companies to improve competitiveness and enhance efficiency.
“Industry experts estimate 25 percent of healthcare products are time and temperature-sensitive and require specific cold-chain transportation and storage,” Mr. Lim added. “To protect these high-value products, manufacturers are looking to invest in technology and in third party logistic providers. We have invested heavily in temperature sensitive services such as UPS Temperature True® which helps maintain shipment visibility and integrity, ensuring that shipments arrive in perfect condition.”