Trusted Digital Ecosystems for Sensitive Goods
Trusted Digital Ecosystems for Sensitive Goods
CEO Update December 2019
What an exciting year 2019 has been! Modum went international, has gained great traction in the market and established itself as one of the thought leaders in pharma supply chain digitalization. In parallel, we took a major leap in terms of technical capabilities and are now able to address the problem of end-to-end supply chain tracking.
Why Digitalizing Your Supply Chain Matters
Reduce the monitoring burden
Paper-based, manual process steps, unnecessary working capital costs and human effort are challenges which industries are still battling with today when it comes to monitoring their supply chain.
Our highly automated solutions are developed with usability in mind and support deviation-driven quality control to help you focus on what really matters.
Introduce new operating models based on trust
Supplier volatility, interoperability issues, privacy concerns – all these contribute to a lack of trust, making the exchange of information and the execution of processes inefficient and risky.
With strong process engineering skills and expertise in blockchain and machine learning, we are capable of building smart and permission-based decentralized network operating models.
Address regulatory requirements
The regulatory landscape is growing more complex and scrutiny with regards to quality requirements is increasing day by day across the globe.
We cut through the complexity by integrating risk management functionality into our fully qualified and highly secure solutions.
Billions of dollars’ worth of food and pharmaceuticals are lost every year due to conditions not being met during transport. The impact is particularly severe in areas where shortages exist.
We build solutions that help you act rather than react by minimizing the risk of goods being damaged.
Transparency and Control to the Consumer's Doorstep and Beyond
Today's supply chain networks include multiple stakeholders on a global scale, making information sharing complex as well as increasing the overall lack of trust and risk of quality issues along the chain.
But what if you had full transparency on the status of goods, right down to article level? What if you had a solution that tracks goods as well as its conditions centrally but is flexible to deal with different transportation stages? And what if you could include consumers in the process in a simple and accessible manner?
At Modum, we successfully collaborate with our customers to bring them closer to achieving this goal – one step at a time.
Addressing Challenges across Industries for every Stage of Distribution
Despite the strict regulations and stringent controls, 20% of temperature-controlled Pharma products are damaged every year due to the complexity of controlling a global distribution network.
Medical Devices are often susceptible to shock and tilt. With the EU Medical Devices Regulation (MDR) in force, quality needs to be ensured along the supply chain on single unit level.
Perishable Foods and Beverages
Transport of perishable food is governed by strict regulations, such as IATA’s Perishable Cargo Regulations (PCR), which holds challenges for transports in hot and humid climates.
Malleable construction materials can change their physical properties if environmental conditions are not adhered to, rendering them unsafe to use.
Intercontinental shipments of large volumes with multiple 3rd parties as well as various modes of transport involved require autonomous and adaptable monitoring solutions.
Large shipment volumes of small units sent to pharmacies or patients require a cost-effective and easy-to-use monitoring solution without any compromises on measuring and reporting.
Clinical Trials are a costly endeavor which requires seamless monitoring of transport conditions from Kit assembly to the patient as well as the ability to react immediately to deviations.
A growing trend, personalized medicine will disrupt Pharma logistics and require more stringent monitoring due to its high unit value and short shelf-life.
Temperature Monitoring Made Easy
MODsense One, Modum's award-winning solution, offers trusted and scalable temperature monitoring for cold-chain applications with unprecedented ease-of-handling. MODsense One is fully qualified to pharma standards and is WHO Performance, Quality and Safety (PQS) authorized.
Monitor high volumes of shipments at the tip of your fingers with MODsense One and benefit from the immediate and automated validation of pre-programmed quality requirements. Data on the blockchain is immutable, managed securely and easily accessible. MODsense One is ideal for last-stage logistics, closed-loop shipments and clinical trials.
Why Work with Us?
We Understand Supply Chain Digitalization
We have successfully completed various digitalization projects with customers in various industries by adopting a process-focused approach to solving supply chain challenges and leveraging our own industry expertise as well as our connections to industry associations and academia. We build solutions that link the physical world of goods distribution with the digital world of shipment information and financial transactions, applying the latest technologies where it makes sense.
We Live and Breathe the Latest Technologies
We have excellent and proven capabilities for realizing solutions using the latest technologies on both hardware and software level – whether it is developing Internet of Things (IoT) data loggers, distributed ledger technology (DLT) ecosystems or applying machine learning for predictive analytics or pattern recognition. We ensure a seamless interaction between all modules and an enticing user experience to bring technology to life.
We Get Things Done Fast and in High Quality
Our track record of achieving high quality results in record time is a key asset when it comes to customer satisfaction and time-to-market: our first Pharma qualified and WHO PQS authorized temperature monitoring solution was delivered in one and a half years, we received ISO certification within two years of company founding and our carrier integration Swiss Post was completed in a single year.