The pharmaceutical trade is in flux. Rising prices, complicated provide chains and affected person care considerations are just some of the challenges maintaining provide chain leaders up at night time. However worry not, as a result of the model new LogiPharma Playbook 2024 is right here to make clear the traits and options shaping the way forward for pharma.
In Q1 of 2024, we surveyed 150 provide chain leaders and related degree executives from throughout Europe to uncover the intense future on the horizon for the pharma trade. We delved deeper into their challenges, aspirations and improvements, pushed by a shared dedication to make a distinction. Our sponsors, Kinaxis, OneNetwork, Tive and YuanTing Chilly Chain, seamlessly step into the function of thought leaders, producing transformative trade insights.
The vital query being requested by provide chain leaders: How are you unlocking the potential of recent, modern expertise and digital networks? Monetary strain is mounting, and the pharmaceutical trade is not any exception. However as an alternative of panicking, provide chain leaders are getting tactical. We’re seeing a shift in the direction of back-to-basics optimisation, with a heavy emphasis on visibility and management.
The previous methods of planning simply received’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 modern modalities, exploring outsourcing choices, and in the end constructing stronger inside capabilities.
The important thing to success? Optimising scheduling and useful resource allocation. With environment friendly methods 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 every thing from groundbreaking analysis to environment friendly provide chains. However with this reliance comes a significant problem: maintaining that knowledge secure.
Our current survey paints a transparent image – the pharma trade is a major goal for cyberattacks. Practically a 3rd (31%) of respondents recognized knowledge breaches and safety as their greatest knowledge 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 strain to safe knowledge goes hand-in-hand with the drive in the direction of better effectivity. For pharma leaders, it’s a continuing balancing act – harnessing the ability of information whereas guaranteeing its safety.
The world is a posh 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 modern methods to climate disruptions are extra vital than ever.
Our analysis revealed a worrying development: drug shortages are having a unfavorable 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 in search of options. The main focus within the quick time period? Improved planning and elevated resilience. It will guarantee better 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 concentrate on 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 vital. Whereas constructing resilience is essential within the quick time period, embracing sustainability gives a path to long-term development. By combining short-term options with a long-term imaginative and prescient for the surroundings, 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, modern actions their friends are taking in the direction of change.
To study extra, obtain your free copy of the playbook for FREE right here!
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