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Reykjavik and San Francisco (August 9, 2018) — Controlant, a leading provider of cold chain management and traceability solutions for the food and pharmaceutical supply chains, today announced the availability of 24/7 shipment monitoring and response services (MARS) for customers moving temperature-sensitive and perishable products domestically and globally.
Global cold chains losses are increasing at an alarming rate, currently totalling over $70 billion in perishable products annually. Roughly one third of the food produced in the world for human consumption every year, or approximately 1.3 billion tons, is wasted. Annual pharmaceutical losses add up to an estimated $35 billion globally and are expected to increase as patient demand continues to grow. Temperature variations are responsible for the degradation of up to 35 percent of the world’s vaccines.
Quality deviations and product wastage often occurs because cold chains lack visibility that enables real-time decision-making about a product’s freshness and quality, documenting the integrity of delivered products. While complexity in the supply chain is not new, increasing demands are driving businesses to innovate, achieve greater agility, and reach global scale.
Businesses adopting digital transformation across their cold chain with Controlant’s real-time temperature and product traceability solutions are realizing the benefits of on demand, actionable data to ensure product integrity, proactively prevent waste, and improve overall supply chain performance.
Controlant’s new managed services offering further automates the shipment and quality review process by enabling companies to proactively respond to real-time data. Quality notifications and alerts are monitored by Controlant’s in-house team around the clock, 365 days per year. If environmental conditions deviate according to pre-established requirements, the team of specialists proactively facilitates corrective action to save products before degradation or wastage occurs.
“We are excited to provide a cost-effective solution for global monitoring and response to our customers,” said Gisli Herjolfsson, Controlant’s CEO. “Innovative food businesses and top pharma enterprises are seeing an immediate return on their investments with the addition of our around-the-clock services. We are already seeing companies saving tens of thousands to millions of dollars worth of intercepted loads, in addition to the indirect cost savings.”
“Through these services, we function as an extension to our customers’ internal supply chain and quality teams, and work with their entire network of partners, including producers and suppliers, distribution centers, warehouses, and logistics providers,” said Vally Helgadottir, Controlant’s CSO. “We are excited to work closely with these customers to provide tailored programs that serve their unique requirements and operations.”
Controlant’s 24/7 monitoring and response services are available for customers utilizing the Controlant cold chain management, facility monitoring, or vehicle and route monitoring solutions to track products while in transit or on site.
Controlant offers powerful real-time monitoring, management, and traceability solutions for the food and pharmaceutical cold chains, delivered as a subscription service. The company’s unique services model provides end-to-end supply chain visibility, risk mitigation, and control through the last-mile. Intelligent analytics provide customers and their partners with proactive insights to prevent waste and fuel impactful decision-making and collaboration throughout their business ecosystem. More than 200 customers in more than 100 countries, including Chipotle, Walgreens Boots Alliance, and World Courier, are using Controlant solutions as a single source of truth to ensure quality, drive efficiency, and boost profitability.
VP Marketing & Communications
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