How to Reduce Risks in Cold Chain Management

  • Date Icon October 8, 2022
  • Time Icon 2 Min
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reduce risk in cold chain management

It’s no secret that cold chain assurance will cost you, but how can you run a lean cold chain while still mitigating the risks?

  • The key to dealing with unforeseen challenges is to prepare, plan ahead, and have enough contingencies, as well as a robust risk management strategy in place, supported by stringent processes and technologies.
  • How can you achieve that when the window to act and prevent losses can be a matter of hours or scant minutes?
  • You need a real-time cold chain monitoring system that can scan your temperature-controlled shipments in transit as well as in a warehouse.
  • Temperature data loggers only provide you with post-shipment audit trails, but with the number of weak links in your cold chain, you would need more actionable real-time data.
  • Through such real-time location and condition monitoring solutions, you can:
  • Track the shipment’s location and condition – key to knowing what is happening, where, and when
  • Monitor details in addition to more than temperatures, such as humidity which is critical for certain types of vaccines and perishables
  • Analyze patterns and predict if something is going to go wrong in the future
  • Take preventive measures promptly using a control tower, and initiate corrective action before the shipment is destroyed.
  • Contain risks, especially
    • Safety: such as recalling compromised products before they hit customers.
    • Financial: such as recalling compromised products rather than the complete batch.
    • With real-time location and condition monitoring solutions: like Roambee, you can make the right decision – whether to deploy personnel to fix a cold chain issue, re-route your shipment, or re-ship a replacement so your customer is not affected.

Author: Danish Mairaj, CISCOM, PMP

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Cold Chain Risk Management

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