Aramex and Newbridge Pharmaceuticals: Five things that make this logistics and pharmaceutical deal one to watch
Aramex will provide logistic services for Newbridge, who licence and supply access to licenced FDA and EMA/European approved innovative medicines in the AfMET region (Africa, Middle East & Turkey).
Through the partnership, Aramex will manage the logistics of patient samples across any clinics and hospitals from the Middle East to the U.S for advanced clinical testing. The company will also provide temperature controlled storage and transformation of medication from various distribution hubs within the UK and Canada to Middle East and Africa healthcare facilities.
And if that wasn’t enough – Aramex is also throwing in customs clearance, secondary packaging, labelling, vaulting and guarded transports too.
But here’s a question, who are Aramex? What is Newbridge? And how is this deal going to make waves in the supply chain/health care market?
Here's five quick things about Aramex, Newbridge, and the people in charge
1 – Aramex: taking stock
Established in 1982, Aramex provides comprehensive logistics and transportation solutions to partners worldwide. In January 1997, Aramex made history by becoming the first Arab-based international company to trade its shares on the NASDAQ stock exchange. Just to be clear, the NASDAQ stock exchange is the second largest exchange in the world, just behind the New York Stock Exchange.
2 – Newbridge: the bee’s knees
In June this year, Newbridge Pharmaceuticals signed an agreement with the Ministry of Health and Prevention in the UAE to provide treatment for up to 300 people suffering from Rheumatoid Arthritis (RA), absolutely free. Figures have shown that a person suffering from RA can spend on average somewhere between Dh6,000 and D9,000 per month on treatment. RA is a growing concern for the UAE, with around 70,000 people living with debilitating autoimmune disease (such as RA).
3 – Leading by example
The CEO of Aramex, Hussein Hachem, is a man who knows the company from the inside out in every location. He started working at Aramex in 1991 as a management trainee, before making his way up the career ladder to become a General Manager in Kuwait and then again in Sri Lanka before becoming Vice President for Oman and UAE, CEO for GCC and stands as CEO for the Middle East and Africa. Hussein currently oversees the “Aramex it forward campaign”, a social initiative designed to offer people the chance to move shipments to do so good, powered by each other and supported by Aramex. The initative aims to support social responsible causes such as Disaster Relief, Education & Youth Empowerment, Community Empowerment of the Environment.
4 – Newbridge CEO: putting pharmaceutical solutions on the map
Joseph W. Henein, the CEO and President of Newbridge Pharmaceuticals has an extensive and comprehensive understanding of the pharmaceutical market, which he brought with him to Newbridge since being announced as CEO in 2010. In his previous role as Managing Director of Wyeth for the Middle East and Africa, he led the company from strength to strength. Taking a structure of 150 employees and breathing new life into it and expanding to over 500 employees strong. Over the five-year period he was in charge, 2004-2009, Henein also so an increased revenue multi fold to around $450 million. Newbridge started life with zero sales and a team of two, but Henein announced $US1.3million in 2012, only two years into the venture. By 2013 the company had expanded to more than 75 people and Henein also estimated that the company would be generating sales of around $120million between 2017-2018. With estimates of up to $200 million in sales come 2018, it’s safe to say that Newbridge Pharmaceuticals is in safe hands.
5 – Both CEO’s see this partnership as a huge step in the right direction for both companies
Mr Hachem said: “This collaboration is a testimony to our healthcare solutions which not only enable our healthcare customers to grow globally, but also provide access to quality healthcare service to citizens across our region. By working closely with NewBridge we are able to further penetrate the healthcare market, take advantage of the increased demand for logistics services in the pharmaceutical industry and better support people who require medicine and other pharmaceutical needs to be delivered to them effectively and efficiently. Not only are we proud to be a part of improving peoples’ health in the region, but this partnership with NewBridge also attests to the quality and reliability of the logistics services that we provide.”
And Mr Henein beamed: “We are dedicated to addressing the medical needs of our customers and this partnership allows us to reach more businesses and patients who rely on our full range of pharmaceutical services. Aramex also has a well-recognised brand, stable business and a leadership position in the region, making them an ideal partner for us to extend our reach in the market. The credibility and quality of their services makes them the best-suited business partner for the services we provide. We remain committed to servicing the Middle East and Africa and this partnership will allow us to serve more businesses and consumers who need critical medical attention in the region.”
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FedEx is Reshaping Last Mile with Autonomous Vehicles
FedEx is embarking on an expanded test of autonomous, driver-less delivery vehicles to develop its last-mile logistics.
The US logistics firm piloted autonomous vehicles from Nuro in April this year, and the pair will now explore that further in a multi-year partnership. Cosimo Leipold, Nuro’s head of partnerships, said the collaboration "will enable innovative, industry-first product offerings that will better everyday life and help make communities safer and greener".
FedEx will explore a variety of on-road use cases for the autonomous fleet, including multi-stop and appointment-based deliveries, going beyond more traditional applications of the technology in single-route movement of goods from A-B. Exponential growth in ecommerce is spurring its broader experimentation in new autonomy solutions, Fed-Ex says, both in-warehouse and on-road.
“FedEx was built on innovation, and it continues to be an integral part of our culture and business strategy,” said Rebecca Yeung, Vice President, Advanced Technology and Innovation, FedEx Corporation. “We are excited to collaborate with an industry leader like Nuro as we continue to explore the use of autonomous technologies within our operations.”
The changing role of couriers
Unlike structured delivery networks, operating under long-term partnerships and contracts, agility is where couriers deliver true value - and their ability to deftly solve last-mile fulfilment has most acutely been felt during the pandemic. For the billions of people around the world forced to stay at home to protect themselves and their communities from the spreading COVID-19 virus, couriers have been a constant. They may have been the only knock at the door some people experienced for weeks or months at a time.
But the last-mile has been uprooted by a boom in ecommerce, a shift that has been most apparent in the UK, US, China and Japan, according to the Global Parcel Delivery Market Insight Report 2021 by Apex Insight. These are markets with dominant economies and populations used to running their lives with a tap of a screen or double-click of a mouse.
“Getting last mile delivery right has long been a challenge for retailers,” says Kees Jacobs, Vice President, Consumer Goods and Retail at Capgemini. “In 2019, 97% of retail organisations felt their last-mile delivery models were not sustainable for full-scale implementation across all locations. Despite increasing demand from customers, companies were struggling to make the last mile profitable and efficient.”
Jacobs says that the pandemic alleviated some of these stresses in the short term. With no other option, consumers were understanding and tolerant, if not entirely happy, with longer delivery times and less transparent tracking. “But, as extremely high delivery demand continues to be normal, customers will expect brands to contract their delivery times,” he adds.
Last mile's role in ESG
Demand and volume weren’t the only things that have changed during the pandemic - businesses looked closer to home and as a result became more sustainable. Bricks and mortar stores were transformed from mini-showrooms to quasi-fulfilment centres. Online retailers and other businesses sought local solutions to ship more faster. In densely populated London, UK alone, Accenture found that delivery van emissions dropped by 17%, while Chicago, USA and Sydney, Australia saw similar emissions savings.