As per a latest report it is expected that the European spending on outsourced logistics services in the pharma industry would exceed the mark of $2 billion by 2011 as it would result in growing opportunities for 3PL providers. The research conducted by Analytiqa states that logistics spending in Western European markets would grow by more than twenty percent and Spain is expected to emerge as a leader in this game.
Though the European pharma chain is highly regulated and complex but logistic services outsourcing is still in its infancy in Europe and it is expected that it would offer expansion opportunities for service providers.
Since European pharma supply chain outsourcing is underdeveloped as compared to that of U.S. , third party logistics provider have a great chance of staying ahead in the race if they are able to adapt their offering with the changing demand.
