Aim to cut Pharma Industry Costs with New Asset Tracking Solution

Image credit: Southgate Global

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Southgate Global has introduced a new Asset Tracking system to help the pharmaceutical industry reduce costs and improve efficiency amid rising expenses and instability. The system provides real-time data on inventory and stock movement, helping organisations streamline operations, minimise downtime, and prevent the loss of sensitive drugs. This solution is crucial as pharmacies in the UK face drug shortages and increasing costs, and it offers a competitive advantage by enhancing control over supply chains.

EDITORIAL INSIGHT: Context, industry insight and market perspectives of this news story

With ongoing instability in the Middle East driving up pharmaceutical costs and contributing to widespread drug shortages in the UK, operational efficiency has become a pressing issue for manufacturers and distributors. In this environment, solutions that can deliver measurable cost savings and improve supply chain resilience are likely to attract significant industry interest, particularly as raw material prices remain volatile and pressure on margins intensifies.

For businesses navigating these challenges, the ability to track assets in real time offers practical benefits, from reducing inventory losses to minimising costly downtime. As concerns over medicine availability continue, particularly for commonly used drugs, tools that support greater visibility and control within the supply chain could help mitigate some of the disruption currently facing the sector.

Recent reports of price concessions rising sharply and pharmacies struggling to source everyday medicines underline the urgency for operational improvements. Against this backdrop, asset tracking technologies may offer a timely and pragmatic approach for pharmaceutical firms seeking to manage risk and maintain supply continuity.

Story Ideas
Economic impact

Economic Strategies for Pharma Industry Amidst Rising Costs

As pharmaceutical costs rise due to external factors, companies like Southgate Global are offering solutions to help manufacturers streamline operations and reduce expenses through advanced asset tracking systems. This could offer insights into broader economic strategies for cost management.

Target audience
business-finance
Story potential
6/10
Technology

Technological Solutions to Combat Pharma Supply Chain Issues

Southgate Global's new asset tracking technology aims to address inefficiencies in the pharmaceutical supply chain, providing real-time data to reduce lost inventory and enhance stock management. This is vital as the industry faces shortages and rising costs.

Target audience
technology
Story potential
7/10
Press Release

As conflict in the Middle East continues, the pharmaceutical industry continues to endure soaring costs and instability, with the UK government’s price concessions currently 120 per cent higher than they were in April 2025[1]. If the situation persists, the cost of raw materials are also set to increase, making it a crucial time for organisations to explore alternative avenues for reducing costs and streamlining operations.

Recognising this, Southgate Global is continuing to help manufacturers and distributors reduce spend and improve efficiency through its ongoing strategic approach to warehouse and supply chain solutions, with a new Asset Tracking system.

The new solution helps cut costs by giving those in busy operations reliable visibility and better control of their warehouse inventory and stock – both within the warehouse and across the wider supply chain – helping to streamline operations, minimise downtime and support the flow of goods.

This is crucial when missing inventory or stock can cause unexpected downtime, and threaten batch integrity, potentially resulting in the destruction of sensitive drugs. With pharmacies across the UK already reporting widespread shortages of common drugs like Aspirin, the industry cannot afford to lose stock.[2]

By capturing real-time data on movement – from totes, roll cages and trolleys in the warehouse, to global shipments including perishable and temperature-sensitive goods – Southgate enables organisations to identify bottlenecks and pain points, and make better data-led decisions.

Darren Hill, Business Development Manager at Southgate, said: “Global instability can have a significant impact on any business, and those operating in the pharmaceutical sector are no exception. That’s why we’re encouraging organisations to focus on optimising areas of their operation within their control and look at innovative ways they can keep costs down.

“Every day, assets go missing, sit idle, or require unnecessary replacement due to a lack of visibility. Southgate’s Asset Tracking solutions give you instant visibility across your sites, fleets and supply chain – helping you work faster, safer, more efficiently and economically.

“Our team can support with a complete end-to-end service, scoping out your bespoke needs and building the right solution. Our expert technicians can install and configure Asset Tracking solutions, and provide ongoing reporting and insights, helping you increase uptime and reduce costs.”

Southgate’s Asset Tracking Solution combines robust hardware with a cloud-based platform. Tracking can be tailored to support the movement of pharmaceutical goods both in the warehouse and through the broader supply chain, with optional telemetry, including temperature, shock, humidity and tamper detection.

Customers gain access to real-time tracking, dashboards and alerts – making it easy to locate missing assets. This reduces the risk of damage, improves the flow of goods, and mitigates the risk of additional costs.

Southgate Orbit is designed specifically for local environments, such as pharmaceutical wholesale hubs. Using high-accuracy Bluetooth tracking, it provides real-time visibility and alerts when assets leave defined zones – ideal for high-volume and lower-value equipment such as totes, roll cages or trolleys used in moving pharmaceutical goods around.

Southgate Atlas enables tracking across countries, sites and customer networks, offering worldwide indoor and outdoor coverage across 179 countries – ideal for monitoring shipments of medicines through the supply chain.

Darren added: “As businesses’ internal eco-systems and the wider supply chain grow in size and complexity, it’s more important than ever to keep control and maintain asset availability. It’s about making your assets work harder – and smarter and giving customers the confidence and visibility to run safer, faster and more efficient operations.

“In environments where performance, cost control, and reliability are non-negotiable, asset tracking is no longer just an operational tool – it’s a competitive advantage.”

Find out more about Southgate’s Asset Tracking Solutions here.

[1] Middle east crisis: Pharmacies warn of ‘eye watering’ medicine cost increases | National Pharmacy Association

[2] Pharmacies report widespread shortages of Aspirin | National Pharmacy Association

Notes to editors

Notes to Editors Southgate Global is a strategic operational logistics partner, providing equipment, consumables, technical services and bespoke solutions that help complex operations improve productivity, efficiency, resilience and cost performance, while supporting smarter operational and capital expenditure decisions. With expertise across retail, 3PL, e-commerce, post & parcel and manufacturing, Southgate supports single-site, multi-site and global organisations across the UK, Europe, North America and beyond. Combining more than 50 years of experience in global sourcing, engineering and product design, Southgate works closely with customers to solve real operational challenges – from improving packing performance and reducing downtime to optimising workflows and supporting long-term operational growth. Alongside bespoke solutions, Southgate also supplies the essential products and services that keep day-to-day operations moving reliably and efficiently.

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