Pharma World Holdings predicts 50% year-on-year growth with the operation of its new JAFZA warehouse facility
Third party logistics provider set to experience phenomenal growth over the next five years
Pharma World Holdings, a key third party logistics provider for the pharmaceuticals and healthcare sectors predicts 50% compound year-on-year growth for the next five years based on financial studies factoring in current sales, and expected market share for the company.
The current $5 billion USD pharmaceuticals sales, not including medical equipment or supplies, forecast by international consultant houses, to increase to $9 billion USD by 2013 in the Middle Eastern region.
Pharma World Holdings, based in Dubai, is one of the few 3PL providers to the pharmaceutical and healthcare sectors in the Middle East. Commenting on this forecast, Maher J. Kheder, Business Development Manager, Pharma World Holdings said, “As a third party logistics provider, Pharma World Holdings is ahead of the curve with the announcement of our new state-of-the-art warehouse facility in the Jebel Ali Free Zone, set to open and operate by May this year. With the operation of this new facility we will be able to provide logistics solutions on a wider scale, already having signed with major pharmaceutical companies worldwide which in part facilitates this average 50% growth over the next five years.”
The Jebel Ali Facility will be a powerhouse to the logistics and warehousing for pharmaceuticals. The total land area is over 9,200 square metres, and almost 60% of that area (5,900 square metres) will consist of warehousing space. The main warehousing section will comprise approximately of 3,900 square metres with another 600 square metres allocated for administrative spaces. The Jebel Ali Warehouse capacity is well over 15,000 pallets.
The facility will make provision for receiving and dispatching, cold storage, controlled drugs, temperature, humidity control and expired goods, ensuring that even the most sensitive pharmaceuticals can be safely stored and transported. The Pharma World Holdings service offering includes the full range of logistics handling and support, which is tailored to manufacturers’ individual requirements.
Pharma World Holdings implements an integrated fulfilment and distribution processes that allows clients to improve delivery service and reduce supply chain costs. It also increases competitive advantage by enabling postponement by deferring value-added activities closer to the point-of-sale. This also alleviates inventory storage requirements as the goods will be delivered as needed without excess stock. At the same time, it gives them flexible warehouse management and billing solutions that improve inventory management practices and ensure receipt of proper payment for services rendered.
Pharma World Holdings has a strong presence in the region and competitive market knowledge due to long standing ties with principals and distributors in the GCC and the Middle East. Holding true to its mission, the pharmaceutical distribution, storage and third party logistic provider is spreading its expertise and services throughout these regions.
