SONOCO THERMOSAFE

SONOCO THERMOSAFE Overview

Company Headquarters: Illinois, US

Founded: 1946

Workforce: ~1,001

Company Working: Sonoco ThermoSafe is the leading global provider of temperature assurance packaging for the safe and efficient transport of pharmaceuticals, biologics, vaccines, and other temperature-sensitive products. The company provides refrigerated, frozen, or controlled room temperature applications. Sonoco ThermoSafe's ISC Labs enable designing and testing services with innovative packaging solutions and standard services. It operates in the Americas, Europe, and Asia-Pacific.

Strategy

Sonoco ThermoSafe focuses on enhancing the technology and product line in the market. Moreover, it focuses on increasing FAA approvals for launching products and reaching untapped markets. The company also focuses on improving its services and fast delivery of temperature-sensitive pharmaceuticals to achieve its goals. It has a strong distribution network and marketing team to cater to products and services globally.

Company Snapshot

$5,374.2M

Revenue

1,001

Employees

1946

Founded

Illinois, US

Headquarters

SWOT Analysis

Strengths

Well-established distribution network in Americas and Europe
Diverse product portfolio

Weaknesses

Lack of global presence
High attrition rate in work force

Opportunities

Product approval
Agreement for business expansion

Threats

Technological innovation by other competitors

Key Developments

Date	Approach	Development
December 2021	Agreement	Sonoco ThermoSafe signed an agreement with Asiana Airlines Inc. (Seoul) for leasing the new Pegasus ULD temperature-controlled bulk shipping container. This agreement will provide pharmaceutical freight forwarders access to Pegasus ULD containers directly from Asiana Airlines.
November 2021	Agreement	Sonoco ThermoSafe signed an agreement with Singapore Airlines (Singapore) for leasing the new Pegasus ULD temperature-controlled bulk shipping container. This agreement will provide pharmaceutical freight forwarders access to Pegasus ULD containers directly from Singapore Airlines.
September 2020	Approval	Sonoco ThermoSafe received FAA (Federal Aviation Administration) approval for Pegasus ULD. This approval permits fast through existing international ground handling and custom processes at an affordable cost.
August 2019	Product Launch	Sonoco ThermoSafe launched Pegasus ULD, a line of temperature-controlled unit load devices. This type of device is the first passive bulk temperature-controlled container for pharmaceuticals.
April 2019	Partnership	Sonoco ThermoSafe launched PharmaPort 360 temperature-controlled bulk shippers with a partnership with AirBridgeCargo Airlines (Russia).

Product Offering

SONOCO THERMOSAFE
- Temperature Controlled Packing for Pharmaceutical Market

Financial Performance

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