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July 11, 2022

Supply chain & logistics innovation among pharma companies has dropped off in the last year

An analysis of patent filings shows a shrinking level of supply chain and logistics related applications in the industry over the past year

By Data Journalism Team

Research and innovation in supply chain & logistics in the pharmaceutical sector has declined in the last year.

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The most recent figures show that the number of supply chain and logistics related patent applications in the industry stood at 17 in the three months ending May – down from 21 over the same period in 2021.

Figures for patent grants related to supply chain and logistics followed a similar pattern to filings – shrinking from 2 in the three months ending May 2021 to 1 in the same period in 2022.

The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

Supply chain and logistics is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.

The figures also provide an insight into the largest innovators in the sector.

Johnson & Johnson was the top supply chain and logistics innovator in the pharmaceutical sector in the latest quarter. The company, which has its headquarters in the United States, filed 7 supply chain and logistics related patents in the three months ending May. That was up from 5 over the same period in 2021.

It was followed by the Germany based Bayer AG with 6 supply chain and logistics patent applications, Switzerland based F. Hoffmann-La Roche Ltd (3 applications), and the United States based Thermo Fisher Scientific Inc (1 applications).

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Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

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