Market News
Recent Developments:
New product launches:
- In January 2023, UPS Healthcare, a healthcare logistics company; launched UPS Premier service for transporting high-value biopharma shipments. It offers proactive monitoring and faster delivery with dedicated specialists.
- In September 2020, FedEx, an American multinational conglomerate holding company focused on transportation, e-commerce and business services; launched SenseAware ID, a lightweight sensor-based logistics device for tracking high-value specialty shipments such as biologics. It provides real-time visibility and monitoring for temperature-sensitive biopharma products.
Acquisition and partnerships:
- In January 2022, Ember Technologies, Inc., it specializes in IT Solutions and Software Development for Banks and Finance Companies and Cardinal Health, an American multinational health care services company; announced a partnership to offer the world\'s first self-refrigerated, cloud-based shipping box–the Ember Cube. Ember Technologies, Inc. and Cardinal Health collaborated to deliver a cold chain solution that ensured product integrity and security throughout the supply chain, while significantly reducing shipping waste in the transport of temperature-sensitive medicines
- In November 2020, UPS, a healthcare logistics company; partnered with Stirling Ultracold, is a developer and manufacturer of a new generation of energy-saving, environmentally-friendly ultra-low temperature (ULT) freezers; to provide advanced ultra-low temperature freezer boxes for transporting biologics. It expands cold chain capabilities.
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