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SONOCO THERMOSAFE

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SONOCO THERMOSAFE - Manufacturing & Construction showcase

Year Founded & Workforce

1946

1,001 Employees

Industry

Manufacturing & Construction

Services

Temperature Controlled Packing for Pharmaceutical Market
S

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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

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Key Developments

DateApproachDevelopment
December 2021AgreementSonoco 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 2021AgreementSonoco 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 2020ApprovalSonoco 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 2019Product LaunchSonoco 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 2019PartnershipSonoco 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

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 5,374.2 Mn in 2019 to USD 5,590.4 Mn in 2021.
SONOCO THERMOSAFE — By Business Segment
Series (USD Mn)201920202021
Sales5,374.25,237.45,590.4

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