PR: Tim Consult launches air cargo benchmarking initiative for pharma industry

Mannheim, 09.07.2020

Press release

  • Special Market Intelligence Initiative will help pharmaceutical companies optimise their air freight planning.

  • Analysis is based on actual market data shared by a community of pharmaceutical players.

  • Participating companies will benefit from unique insights into key factors such as rates, lanes, airports, airlines and qualified forwarders.

Air freight experts at Tim Consult have launched the special Market Intelligence Initiative “MII Pharma Air Cargo”, aimed at providing pharmaceutical industry specialists with a trusty guide through the labyrinthine world of temperature-controlled global air freight markets.

With its regular market intelligence initiatives, Transporeon-owned Tim Consult has been giving shipping companies unique insights into complex logistics markets since 1999, both at regional and at global level, for all modes of transport, whether land, air or sea.

This latest special initiative addresses the critical and technically demanding field of global air cargo for the pharmaceutical industry. Participating companies will benefit from unique insights not only into pricing by lanes, airports, airlines and forwarders, but also into costs associated with special requirements, for example packaging solutions to avoid temperature variations.

“We’re very excited about this project,” remarked Oliver Kahrs, Managing Director of Tim Consult. “Pharmaceutical companies depend on air freight for speed and global reach, but have to comply with stringent regulatory demands. These call for specialist equipment, storage facilities and harmonised handling procedures across the entire supply chain. With freight space in scarce supply and a limited number of qualified service providers, choosing the right course of action through the maze of different rates and services can be hugely challenging. At Tim Consult we’re looking forward to playing our role in assisting this crucial activity.”

For this special benchmarking initiative, Tim Consult will be using the same proven methodology as successfully applied in other market intelligence initiatives.

“Our analyses are based on the insights of a community of specialist market players,” explains Christoph Bruns, Manager MII Global Air Cargo at Tim Consult. “Participating companies – shippers only - entrust us with their freight data, derived from actual agreements and contracts in active use. So the data is fully grounded in the business.Of course, we have clear rules and processes to ensure confidentiality and compliance.”

Tim Consult Market Intelligence Initiatives examine data from companies in the same industries and with the same strategic approach. This assures a high degree of comparability and reliability. “Contributing companies use the results as preparation for supplier negotiations, for tactical freight purchasing and to sharpen strategies and processes based on shared experiences,” adds Christoph Bruns.

Pharmaceutical companies wishing to participate and benefit from the benchmarking insights are invited to contact Tim Consult under sales[at]timconsult.com.

“The global pandemic has shown once again the critical importance of reliable supply chains. This is especially true for medical supplies,” commented Stephan Sieber, CEO of Transporeon. “Facilitating the movement of goods is at the heart of what we do and we’re delighted to support the pharma industry in this key activity.”

Further information on the market intelligence initiatives is available free of charge at the following link: https://timconsult.com/service_areas/transport/benchmarking/

Tim Consult

Tim Consult is an international consulting company and a leading provider of market intelligence and benchmarking for all modes of transport. The company develops solutions for efficient freight purchasing, intelligent transport management, optimized value-added networks and innovative big-data applications. Its customers include international shippers, such as almost all DAX-30 companies and more than half of the Fortune 100 industrial companies. Tim Consult has been a wholly owned subsidiary of Transporeon since 2018 and is active as an independent business unit in the global logistics market. The headquarters of Tim Consult are in Mannheim. For more information, visit www.timconsult.com.

Transporeon

Transporeon boosts logistics performance and profitability with every freight load. Founded in Germany in 2000, Transporeon connects a worldwide network of more than 1,200 industrial shippers and retailers with over 100,000 logistics service providers in 100+ countries in real time. Its security-certified platforms offer digital solutions for freight benchmarking and sourcing, freight assignment and shipment execution, time slot management, shipment tracking, and end-to-end supply chain visibility. By leveraging the latest capabilities, including artificial intelligence and predictive analytics, Transporeon solutions cut CO2 emissions, empty runs and truck waiting times while digitizing manual processes. Transporeon is located across Europe, Russia, Asia and the US. For more information, visit www.transporeon.com

About Tim Consult’s Market Intelligence Initiatives

Through its Market Intelligence Initiatives (MII), TIM CONSULT has been providing reliable freight benchmarking since 1999. In contrast to other providers, TIM CONSULT analyses transportation by land, air and sea, thus offering a complete market overview.

The MII community currently consists of more than 100 companies (shippers only), including SMEs and major international groups from Europe, USA, Japan, China, South Africa and the Middle East.

For analytical purposes, MII members entrust TIM CONSULT with sensitive freight data. In return they benefit from excellent and rigorous benchmarks, cost indices, best practice analyses and much more. The information provided is global, up-to-the-minute and for all modes of transport, highlighting potential cost savings and offering action roadmaps.

TIM CONSULT adheres to clear rules and processes in order to ensure confidentiality and compliance with competition law.