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Reykjavik and San Francisco, March 10, 2022 – Fast Company has named Controlant among its prestigious list of the world’s top ten most innovative logistics companies, judged on industry leadership, positive impact on society, successful mission achievement and unique brand.
“We are very proud of this achievement, which recognizes how we’ve vastly improved supply chain quality and revolutionized logistics processes,” says Gisli Herjolfsson, CEO Controlant. “Our solution adds value across the pharmaceutical and food supply chain, and we’re especially proud of how the company has played a key role in vaccine distribution during a challenging time.”
Every year, up to 35 percent of the world’s vaccines degrade due to temperature excursions. Of the vaccine deliveries that Controlant has monitored, this degradation is less than 1 percent. The Center for Disease Control and Prevention (CDC) says that well over 200 million doses of the Pfizer-BioNTech COVID-19 mRNA-based vaccine have been distributed in the United States alone, so such a vast improvement in vaccine deliveries adds up to a lot in terms of both human and monetary value.
Temperature excursions account for around 80 percent of supply chain problems, so for pharmaceutical and food manufacturers, distributors, shipping companies, patients, consumers and the planet, Controlant’s solution means a significant reduction in costly product waste.
“Controlant is punching above its weight in the logistics industry, as a relatively young, small company. But at the end of the day, the product speaks for itself – our solution has given the supply chain the real-time monitoring it needs to drastically improve visibility into shipping, distribution and warehousing,” says Herjolfsson.
Controlant is the only supply chain tracking service company in Fast Company’s top ten most innovative logistics businesses. “The world’s most innovative companies play an essential role in addressing the most pressing issues facing society, whether they’re fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions,” said Fast Company Deputy Editor David Lidsky.
Controlant is innovative to the core, introducing not just another logger to the market, but a whole new way of monitoring. The company coined the concept of ‘cold chain as a service’ and has made the whole process of distributing pharmaceuticals and other temperature-sensitive goods safer, faster, more efficient, and more sustainable.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy. #FCMostInnovative
Controlant’s mission is to improve product quality, safety and sustainability of the supply chain. Our automated Cold Chain as a Service® solutions deliver value across the supply chain by dramatically increasing the visibility of product quality conditions and location, while minimizing waste. Controlant’s real-time monitoring enables real-time control for pharmaceutical and food and beverage companies to make their operations significantly more reliable and cost-effective.