According to the Fifth China Pharmaceutical Logistics Summit held in Shanghai in 2019, China's pharmaceutical logistics industry is growing at an annual rate of 5%. But compared with the United States, China ’s pharmaceutical logistics expenditure is 7 times that of the United States, with 30% of its turnover completed, and its overall efficiency is only 4% of the United States.
Summit drug logistics cost savings and temperature-sensitive drug cold chain transportation cost control and quality management, supply chain management issues, such as clinical trials for case sharing and discussion, have attracted almost all government agencies, biopharmaceutical manufacturers, pharmaceutical companies, drug dealers, Senior decision makers from cold chain technology companies and software services companies participated. Eli Lilly Suzhou Pharmaceutical Co., Ltd., Bayer Pharmaceuticals, Sinopharm Holding Group, Shanghai Pharmaceutical Distribution Holding Co., Ltd. China Resources Pharmaceutical Co., Ltd., China Railway Logistics, FedEx, Comprehensive Insurance Area (Beijing) International Pharmaceutical Distribution Center, Civil Aviation Express and nearly 20 others Well-known companies also gave keynote speeches in China and abroad.
The summit also showed that by 2020, China's pharmaceutical industry is expected to reach 10 trillion yuan, ranking second in the world.