Marken Expands Its Presence In India
Signs Exclusive Agreement with Jeena to Accelerate Business Volumes
Moves Mumbai Office to Larger Location and Establishes Its First Global Control Center
RESEARCH TRIANGLE PARK, North Carolina, Sept. 14, 2016 /PRNewswire/ -- Marken announced today that they have moved to a newer and larger office facility in Mumbai and has signed an exclusive agreement with Jeena & Company for a combined worldwide network of services for the pharma industry.
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Jeena & Company is among the top three logistics companies in India, with 100 years of supply chain expertise. Jeena will act as Marken's exclusive third party sales agent in the India territory and will engage in continued, active promotion of Marken to enable new clients to access Marken's global network and tracking systems for shipments to and from destinations in over 150 countries. Marken has agreed to utilize Jeena's logistics network within India for new business generated by this collaboration. The agreement allows both companies to leverage each other's assets and expertise.
Marken's new location in Mumbai, 3 times larger in office and cold chain warehouse space, will allow the company to serve an expanding client base but will also serve as home to a new 24/7/365 Global Control Center. The Control Center will initially monitor all shipments moving into and out of the Asia Pacific region but will ultimately provide a global service to all Marken regions across the globe. The Center will transmit data through its proprietary Maestro operating system backed by the Marken Sentry tracking device, providing real time coverage of shipment location and temperature. The other Marken locations in India: Bangalore, Pune, Hyderabad, and Delhi will operate as supporting cold chain hubs to facilitate movement of products within the country.
The Indian pharma industry is expected to grow over 15 percent per year between 2015 and 2020 and outperform the global pharma industry worldwide, emerging as the sixth largest pharmaceutical market by size. India has also maintained its lead over China in pharmaceutical exports with a year-on-year growth of 7.6 percent to US $12.54 billion in 2015, according to data from the Ministry of Commerce and Industry. Overall drug approvals given by the US Food and Drug Administration (FDA) to Indian companies have nearly doubled to 201 in FY 2015-16 from 109 in FY 2014-15, an increase of 84 percent. Vaccines, therapeutics and diagnostics are the largest contributors.
Wes Wheeler, Chief Executive Officer for Marken, commented on the new location and its collaboration with Jeena: "I am excited to open our new office in Mumbai which is needed to accommodate a large increase in client demand over the past 24 months. Marken is proud to be a global logistics partner who not only understands but actively anticipates the needs of our clients, responding with service, efficiency and innovation. We have built a very strong global logistics network specifically designed to meet and exceed the quality requirements of the pharmaceutical industry and so we are proud to align with Jeena in India who has also built a solid reputation serving the life sciences sector. We look forward to meeting the needs of clients together as India forges ahead with their growth and impact around the world."
Sam Katgara, Partner, Jeena & Company, remarked on the new agreement, "We are proud to partner with Marken. We believe this integration is a perfect fit for customers who require pharmaceutical supply chain solutions. The partnership and integration between Jeena and Marken combines two powerful service providers that offer customers tailor-made solutions after understanding their requirements. With Marken's extensive global presence and Jeena's domestic reach, we know that customers will benefit from our comprehensive end to end pharma supply chain solutions in India."
About Marken Marken is the only patient-centric supply chain organization 100% dedicated to the pharmaceutical and life sciences industries. Marken maintains the leading position for Direct to Patient services and biological sample shipments, and offers a state of the art GMP-compliant depot network and logistic hubs in 43 locations worldwide. Marken's 630 staff members manage 50,000 drug and biological shipments every month at all temperature ranges in more than 150 countries. Additional services such as biological kit production, ancillary material sourcing, storage and distribution, shipment lane verification and qualifications, as well as GDP, regulatory and compliance consultancy add to Marken's unique position in the pharma and logistics industry.
About Jeena With over a 100 years of experience in Supply Chain & Logistics and spearheaded by the 4th generation of its founders, Jeena & Company, has established itself as a market leader, globally renowned for its professional services. Today, Jeena is the Largest Indian Freight Forwarder in the global market & consistently ranked in the TOP 3 Logistics Companies in India. Jeena is an "IATA-Accredited Agent" and Member of FIATA, ACAAI, FFFAI, BCHAA, FAPAA, MTO, WCA, IFFOO, major Chambers of Commerce and Industry. Jeena has presence in 27 locations across India and has strength of over 750 experienced professionals.
Jeena & company is a One Stop Shop for all Import & Export Supply Chain and Logistics solutions, offering an array of services under one moniker encompassing of Air & Sea Freight, 3PL Logistics, Door-to-door, Warehousing, Packaging, Inventory Audit, Designing Solution & Consultancy to name a few. We currently service a host of industries which include Pharmaceutical, Chemical, Renewable Energy, Defense, E-commerce, Automobile, Engineering, and Retail & Fashion.