Gartner Research

Finding the Balance Between Cost and Compliance in Regulated Industries

Published: 27 April 2016

ID: G00301735

Analyst(s): Lisa Callinan, John Johnson

Summary

Life sciences companies face ongoing challenges to keep up with complex regulations, especially in new markets ripe with growth. As a result, many overpay for logistics services to ensure compliance. This research looks at how logistics leaders can find the right balance between cost and compliance.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Reassess Logistics Costs by Taking a Risk-Based, Segmented Approach, Identifying Trade-offs Between Costs and Regulatory Compliance
  • Increase the Resilience of the Logistics Operation by Investing in a Local Distribution Network, and by Favoring Logistics Providers Who Have an In-depth Understanding of Local Regulations
  • Shape the Regulatory Landscape by Collaborating With the Health Authorities, Ensuring Cross-Functional Teams Are Aligned to the Most Recent Regulatory Compliance Guidelines

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