Healthcare Products Packaging
In the healthcare sector, 3PL stands for “third-party logistics.” We make it possible for manufacturers and distributors of healthcare products and healthcare products packaging to outsource all or part of their 3PL operations, including:
- Warehousing, which includes receiving, inspection, and storage of inventory
- Fulfillment, which includes staging, shipping, returns, and tracking of high-value products
- Contract Packaging, which includes picking, packing, and kitting with Lean manufacturing
Companies outsource their 3PL services to move high volumes of healthcare products efficiently. Products move through 3PL in both directions – for companies that supply products, like manufacturers, sellers, and vendors, and for organizations that consume products, like businesses, government agencies, and buying organizations.
The Healthcare 3PL Market and Healthcare Products Packaging
The global healthcare third-party logistics market was valued at USD 191.4 million in 2021. It is expected to grow at a CAGR of 7.6% from 2022 to 2030. This trend in outsourcing logistics and leveraging advanced technology by sharing information among manufacturers, suppliers, retailers, and wholesalers has led to the industry’s growth. The COVID-19 pandemic has also boosted the demand for third-party logistics (3PL).
Leveraging Outsourced Efficiencies
Companies and organizations with manageable inventories can handle logistics in-house, but as quantities grow or complexities increase, it becomes more cost-efficient to outsource 3PL – especially for healthcare products. The costs to manage inventory become more acute during significant, unusual changes in supply and demand. Managing your healthcare products packaging in the logistics hub of Memphis, Tennessee saves valuable time and shipping costs.
Healthcare Products Packaging Lessons Learned from COVID PPE
The PPE crisis during the COVID-19 pandemic offers a vivid picture of how an explosion of demand disrupts supply chains. During the pandemic, what should have been routine inventory management became a whiplash experience.
PPE (personal protective equipment) exploded in demand as face masks, face shields and gloves were needed more than ever. Usually, a routine part of inventory management, managing PPE inventory became a job by itself, creating unexpected costs for countless organizations. Some ordered too much PPE—some too little—and many couldn’t get PPE fast enough. Months later, retailers were unloading masks and sanitizer at a loss.
The PPE story is a case in point for why you should outsource the management of your medical supply chain and contract packaging. You need a vendor who can monitor the big picture and anticipate supply and demand down the road.
Why Outsource Medical 3PL for Healthcare Products Packaging?
Choosing Envoy Source for your healthcare 3PLs helps you optimize:
- Inventory accuracy
- Order picking accuracy
- Order fill rates
- Product waste
- Just-in-time inventories
We can help alleviate the many points of failure in getting medical products to your customers. In healthcare, getting products to the point of care is critical, especially when pandemics, natural disasters, and global trade issues create bottlenecks.
When supply chains start to break, you can’t ramp up overnight. Envoy Source lets you scale up instantly if you need more space and pull back as needed. You don’t have to wait to build new space, implement infrastructure, set up automation and digital processes, or hire and train employees by offering instant access with Envoy Source turnkey 3PL from our warehouse in Memphis, Tennessee.