Companies within the pharmaceutical industry develop and produce drugs or medications, whether generic or brand name. The United States leads the world in biopharmaceutical research; it also provides the largest market for pharmaceuticals. The European Union and Japan follow close behind.
Biotechnology refers to firms that use cellular and biomolecular processes to develop new technologies and products. Industry output helps improve lives by providing a range of remedies, enhancing agricultural production and providing fuel alternatives, among other things. Notably, when it comes to biotechnology products, the United States is at once the largest market and leading consumer.
Firms operating in these sectors need to be as competitive as possible. Here, too, U.S. firms may source production internationally to take advantage of free trade agreements and lower material and labor costs. Yet, they must move products to market quickly and inexpensively. Global trade management software is essential to manage and automate processes – logistics, regulatory, financial – and enhance collaboration among supply chain partners, so goods can reach their destination in a timely, secure and cost-effective manner.
QuestaWeb offers pharmaceutical and biotech companies an integrated suite of global trade management (GTM) solutions specifically designed to meet their unique needs and requirements. Our global trade management software promotes product movement in the most secure, visible and compliant manner possible, while monitoring applicable laws and preferential programs and advising users on anticipated costs in real time. Built-in flexibility enables QuestaWeb’s global trade management solutions for importers, exporters, foreign trade zone operators/managers, brokers and forwarders to adapt to your business processes, rather than force you to adopt ours.
