FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX), and the world’s largest express transportation company, today announced the expansion of its award-winning SenseAware® service in Asia Pacific. The launch in the Philippines will help strengthen FedEx healthcare solutions and support the rising logistics demands of the burgeoning healthcare sector in the region.
SenseAware, a first-of-its-kind innovation powered by FedEx, will be especially valuable to customers in the healthcare sector where shipments are often environment- and time-sensitive. lti-sensor device that is deeply integrated with a powerful web-based application, SenseAware makes it possible for customers to stay connected to their high-value shipments. The SenseAware service can monitor current location, precise temperature, relative humidity, barometric pressure readings, light exposure and shock events, and provide near real-time updates to customers.
“At FedEx, we make sure we deliver innovative solutions to industries with specialized needs, “ said John Peterson, managing director, FedEx Express Philippines. “SenseAware connects our customers to their most sensitive shipments.”
Healthcare is one of the world’s largest industries, predicted to cross the US$1.85 trillion mark within the year. Digital health investments in 2017 was US$ 6.5 billion, a 109% incease from the previous year. By 2020, clinical trials logistics spending is expected to reach USD 3.4 billion and cold chain logistics spending is expected to increase to USD 16.7 billion. Asia Pacific, which is one of the fastest-growing healthcare industry regions in the world, is expected to grow at 11% in 2018.
The SenseAware service is currently available in 26 markets worldwide. In Asia Pacific, the service is available in Australia, Hong Kong, Japan, Korea, Malaysia, New Zealand, the Philippines, and Singapore. The service is also available on a growing list of air and ground transportation carriers, giving more transportation options to customers in order to better fit their specific needs, while still delivering the peace of mind and quality assurance provided by SenseAware.
For a list of approved carriers and markets, or for further information about the SenseAware service, please visit http://www.senseaware.com/
2 Pharmaceutical cold chain logistics is a $12.6-billion global industry, Pharmaceutical Commerce, April 16, 2016.