FedEx expands life sciences center in South Korea amid rising regional demand

The pharmaceutical market in the Asia-Pacific region is projected to reach $290 billion by 2028. The region conducts about 50% of global clinical trials, highlighting its increasing importance in pharmaceutical research and development worldwide. Healthcare and pharmaceutical customers require precise temperature management services to maintain product efficacy. FedEx provides specialized solutions based on decades of experience in healthcare and clinical trial logistics. Its international transportation network connects Life Sciences Centers located in South Korea, Singapore, Japan (Tokyo), India (Mumbai), the United States (Memphis), and the Netherlands (Veldhoven). Additionally, FedEx maintains an extensive healthcare infrastructure with over 130 cold chain facilities globally.

Kawal Preet, President of FedEx Asia Pacific Region, stated: "The healthcare sector in Asia Pacific is evolving at an unprecedented pace driven by demographic shifts, infrastructure investments, and rapid technological advancements. FedEx leverages its longstanding expertise in healthcare along with a vast global network and unique solutions to support this growth. Through strategic investments in state-of-the-art facilities and AI-enabled smart logistics, we are reshaping healthcare supply chains and paving the way for future life sciences research and business innovation across the region."

One of FedEx's solutions for healthcare transport is FedEx Clinical Care. This comprehensive solution addresses time- and temperature-sensitive healthcare cargo using specialized features like temperature-controlled packaging materials, high-priority handling with customs clearance assistance, real-time tracking via sensors for continuous monitoring and intervention, ensuring delivery within 24-48 hours.

In recognition of its contributions to clinical supply chains in South Korea, FedEx received the "Innovation in Clinical Supply Chain Logistics" award at the Korea Biopharma Excellence Awards 2024. In August, it introduced FedEx Surround®, an innovative monitoring solution that enhances management visibility for critical shipments including healthcare cargo.