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The Role Of Track And Trace In Pharma's Industry 4.0

 
• By Alf Goebel

The issue of counterfeit medicines continues to be a huge issue of the pharmaceutical industry, with 10% of the world’s drug thought to be fake. Industry 4.0 provides an opportunity to overhaul current systems and create an efficient industry operating dynamic.    

Industry 4.0
• Source: Shutterstock

The pharmaceutical sector of 2022 is under more pressure than it has faced in living memory. In addition to the ongoing effects of Covid, increased regulation and spiraling business costs, the issue of fake medicines continues to cause serious concerns

It is predicted that 10% of pharma products worldwide are counterfeit, with the global counterfeit drug market exceeding an eye-watering $75bn. Research further estimates that the death-toll caused as a...

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