New industry research reveals that more than one third (36 per cent) of pharmaceutical manufacturers and contract packagers are not currently preparing for global serialization requirements, despite impending deadlines.
The research, conducted by serialization system provider SEA Vision and life science technology firm Zenith Technologies, highlights an urgent need for companies to turn their attention to meeting the demands of the US Drug Supply Chain Security Act (DSCSA) and the European Falsified Medicines Directive (FMD).
Out of those companies that are not preparing for the new regulations, around half (51 per cent) say it is because they don’t currently have enough internal resource to devote to serialization, while 15 per cent believe it is too early to begin preparations.
Commenting on the research, Carlos Machado, serialization director at SEA Vision US, said: “Our research has confirmed that many companies are under-estimating the enormity of the task at hand. Preparing for serialization is a complex process that is so much more than simply integrating new technology on a packaging line. Instead, it should be a company-wide initiative, involving all corners of an organisation and the wider pharmaceutical supply chain.
“Those companies that delay their preparations risk production downtime and loss of business in key markets.”
For 56 per cent of those that have begun their serialization journey, compliance is the only goal of their serialization project at this stage. Just 44 per cent intend to use the process to achieve wider business benefits.
Carlos continued: “While serialization presents a number of challenges, it also creates an opportunity to review business processes and improve productivity. Those companies that embrace the changes and make preparing for the DSCSA and the FMD a priority, have a real opportunity to differentiate their offering, and it is our goal to support this process.”
In 2016, SEA Vision and Zenith Technologies formed a global partnership to support pharmaceutical companies with the impending challenge of installing and integrating serialization across drug manufacturing sites.
The collaboration brings together Italian-based SEA Vision’s serialization system along with global Zenith Technologies’ ability to integrate systems and deliver ongoing technical support at a local level.
EU Falsified Medicines Directive: An Overview
15th Security Document Summit (SDS)
December 10-11, 2019 - Beijing, China
Asia Security Conference & Exhibition
March 11-12, 2020 - Kuala Lumpur, Malaysia
March 11-12, 2020 - Washington (DC), USA
Food Integrity 2020: Building Transparency & Trust
March 18-19, 2020 - London, UK
Cyber Defence & Security, Exhibition & Conference (CYDES 2020)
March 24-26, 2020 - Langkawi, Malaysia
Global Brand Protection Innovation Programme, GBPIP 2020 (co-located with 3rd Global IT Security Summit)
May 14-15, 2020 - Brussels, Belgium
4th International Conference on Global Food Security
June 15-18, 2020 - Montpellier, France
4th GTDW Anti Illicit Trade & Brand Protection Technologies Conference
June 16-18, 2020 - Shanghai, China
International Food Fraud Conference
September 22-23, 2020 - Amsterdam, The Netherlands
Global Brand Protection Summit 2020
September 24, 2020 - London, UK