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Follow on Google News | Food and Drug Serialization: A Solution for A Safe and Secure Supply ChainThe food and pharmaceutical supply chain faces challenges from stock safety, counterfeiting, diversion & theft, chargebacks and returns that require the linking of item-level serialization with track and trace capabilities.
By: Paul V. Matsiras, Ph.D. Food safety and drug counterfeiting represent a considerable risk exposure for food and pharmaceutical manufacturers. According to the Center for Medicines in the Public Interest (CMPI), it is estimated that counterfeit drug sales will grow 13 percent annually through 2010, compared to 7.5 percent estimated annual growth for global pharmaceutical commerce. As an example, if consumers have adverse experiences because food safety was compromised or medication was counterfeited and these were not detected, then the manufacturer is subject to FDA inspections, as well as bad press and lawsuits (e.g., Peanut Corporation of America). Corporate Health Initiatives Consulting, LLC (CorpHI), has developed a toolset that provides clients with a methodology to determine where their supply chain is most vulnerable, understand how and when this can occur and what measures they need to take to minimize their risk. CorpHI has also partnered with premier leaders in hardware and software technologies to construct robust serialization, track & trace and ePedigree solutions specifically for the food and pharmaceutical industries. “In today’s economy, companies not only are trying to reduce costs within their supply chain but also are looking to streamline processes and reduce the number of hands a product has to pass through,” noted Dr. Paul V Matsiras, Managing Director of Corporate Health Initiatives Consulting, LLC. “Besides evaluating the overall operational efficiency, food and pharmaceutical companies pay equal attention to the supply chain’s safety and security by leveraging serialization, track & trace and ePedigree solutions.” For additional information on the news that is the subject of this release and a serialization strategy that drives ROI and integrates a list of powerful services --including a high-performance, industrial-strength infrastructure and highly automated packaging line processes, please visit www.corphi.com and complete the "Request For Information" About Corporate Health Initiatives Consulting, LLC: Corporate Health Initiatives Consulting, LLC (CorpHI) was formed to meet a market need for business decision support and research services at affordable prices. The offering is a three-segment broad range of comprehensive and integrated business solutions that move away from one-size-fits- Contact: Dr. Paul V Matsiras, Managing Director Corporate Health Initiatives Consulting, LLC 484-744-9375 http://www.corphi.com # # # CorpHI provides a unique combination of real-time business content, advanced analytics, performance metrics, detailed sources of savings and drives the transformation of project management in several industries. End
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