The pharmaceutical trade is in flux. Rising prices, advanced provide chains and affected person care considerations are only a few of the challenges holding provide chain leaders up at evening. However worry not, as a result of the model new LogiPharma Playbook 2024 is right here to make clear the developments and options shaping the way forward for pharma.
In Q1 of 2024, we surveyed 150 provide chain leaders and comparable stage executives from throughout Europe to uncover the brilliant future on the horizon for the pharma trade. We delved deeper into their challenges, aspirations and improvements, pushed by a shared willpower to make a distinction. Our sponsors, Kinaxis, OneNetwork, Tive and YuanTing Chilly Chain, seamlessly step into the position of thought leaders, producing transformative trade insights.
The important query being requested by provide chain leaders: How are you unlocking the potential of recent, revolutionary know-how and digital networks? Monetary stress is mounting, and the pharmaceutical trade is not any exception. However as a substitute of panicking, provide chain leaders are getting tactical. We’re seeing a shift in direction of back-to-basics optimisation, with a heavy emphasis on visibility and management.
The previous methods of planning simply gained’t minimize it anymore. Our survey reveals a whopping 57% of provide chain leaders are prioritising a whole overhaul of their processes. This implies embracing revolutionary modalities, exploring outsourcing choices, and in the end constructing stronger inner capabilities.
The important thing to success? Optimising scheduling and useful resource allocation. With environment friendly techniques in place, organisations can react rapidly and confidently when the surprising occurs. Consider it as weatherproofing your provide chain: ready for any storm.
Information is the lifeblood of the pharmaceutical trade, powering all the pieces from groundbreaking analysis to environment friendly provide chains. However with this reliance comes a significant problem: holding that information protected.
Our latest survey paints a transparent image – the pharma trade is a main goal for cyberattacks. Almost a 3rd (31%) of respondents recognized information breaches and safety as their greatest information administration concern. That is unsurprising, contemplating the precious property at stake: analysis investments, groundbreaking discoveries and delicate affected person info.
In a world more and more reliant on digitalisation, the stakes have by no means been greater. The stress to safe information goes hand-in-hand with the drive in direction of larger effectivity. For pharma leaders, it’s a relentless balancing act – harnessing the facility of information whereas making certain its safety.
The world is a fancy place proper now – geopolitical tensions are rising, and provide chains stay unpredictable. For the pharmaceutical trade, this implies one factor: constructing resilience. Mitigating danger and discovering revolutionary methods to climate disruptions are extra important than ever.
Our analysis revealed a worrying development: drug shortages are having a detrimental affect on each sufferers and pharmaceutical corporations. Respondents reported disruptions in affected person care and entry to drugs. This interprets into income losses and elevated competitors for pharma leaders.
However there’s hope! Leaders are actively looking for options. The main focus within the quick time period? Improved planning and elevated resilience. This may guarantee larger stability and assist organisations navigate the present challenges.
Nevertheless, the long-term imaginative and prescient goes past simply weathering the storm. Our survey additionally revealed a robust give attention to sustainability. A big majority of respondents are dedicated to “making a optimistic ESG affect” and implementing “extra sustainable practices” of their provide chains.
This two-pronged method is essential. Whereas constructing resilience is essential within the quick time period, embracing sustainability provides a path to long-term progress. By combining short-term options with a long-term imaginative and prescient for the setting, pharma corporations can chart a course for fulfillment in these unsure instances.
The LogiPharma Playbook is nearly be launched and our audiences are being given entry to the daring, revolutionary actions their friends are taking in direction of change.
To be taught extra, obtain your free copy of the playbook for FREE right here!
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