MSD
A good example of how real-time information is key in achieving a secure supply chain is how it supported MSD during the Suez Canal blockage in March 2021 . " With just one click we could check where our products were . At the time we had 12 shipments going from Europe to Asia Pacific , and fortunately , they had already passed the canal , but we were able to immediately identify and ensure this ."
The use of IoT has provided MSD with several clear benefits to date . " In less than 18 months and to prevent loss of product in transportation we have tracked 7,000 shipments , reduced shipment expenses and inventory discards , optimised the sales when supply is constrained , increase our company reputation from missed customer commitments and made insurance premium cost reductions ," Brut explains . The total sales value of benefits is above average , he adds .
“ WE ARE LOOKING AT HOW WE CAN UTILIZE BLOCKCHAIN TECHNOLOGY TO BUILD AN EXTERNAL DIGITAL SUPERHIGHWAY THAT WILL GATHER AND PROVIDE INFORMATION . FOR MSD BLOCKCHAIN IS A GAME-CHANGER ”
FREDERIC BRUT HEAD OF SUPPLY CHAIN EMEA & APAC , MSD
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