GENCO, A FedEx Company have announced an expansion of their network with the introduction of a multi-tenant warehousing solution. With the expansion, GENCO offers small and medium-sized manufacturers supply chain solutions traditionally used by only large-scale customers in dedicated facilities.
The multi-tenant healthcare solution is currently available in the U.S. and Canada, and this solution allows multiple manufacturers to operate alongside each other in one warehouse—while utilizing a designated space equipped with a shared technology platform. This multi-tenant approach helps to increase access to flexible cost structures, rapid scalability, helps manage regulatory compliances and alleviates fixed operating costs.
“Due to increasing margin pressures within the healthcare industry, manufacturers of medical devices, diagnostic testing and pharmaceuticals are hyper-focused on streamlining their supply chain and enhancing overall efficiency in order to stay competitive,” said Kevin J. McPherson, vice president of Healthcare at GENCO. “We can better help healthcare customers, of all sizes, with their logistics challenges by offering this more flexible solution. It allows our customers to focus less on their supply chain and more on developing innovative products and services that improve the cost, quality and availability of patient care.”
The new GENCO multi-tenant facilities are located in Memphis, Tennessee, and Milton, Ontario, Canada, and they comprise 1,100,000 square feet and 400,000 square feet of space, respectively. The warehouses feature state-of-the-art infrastructure, have support to store and distribute virtually all classes of healthcare products and include advanced warehouse, labor and quality management technology. The facilities will also be properly licensed to support kitting and relabeling activities.
“In today’s healthcare environment of rapid change, manufacturers need a solution that allows their supply chain costs to adapt to changing business needs,” said Mr. McPherson. “At GENCO, we understand that our customers are faced with challenges to reduce costs, maintain flexibility and improve efficiency. We’re committed to advancing our solutions and keeping an open dialogue to help our customers deliver the best patient outcomes.”