The pharmaceutical trade is in flux. Rising prices, complicated provide chains and affected person care issues are just some of the challenges preserving 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 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 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 position of thought leaders, producing transformative trade insights.
The essential query being requested by provide chain leaders: How are you unlocking the potential of latest, progressive know-how and digital networks? Monetary strain is mounting, and the pharmaceutical trade isn’t 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The outdated methods of planning simply received’t lower it anymore. Our survey reveals a whopping 57% of provide chain leaders are prioritising an entire overhaul of their processes. This implies embracing progressive modalities, exploring outsourcing choices, and finally constructing stronger inside capabilities.
The important thing to success? Optimising scheduling and useful resource allocation. With environment friendly methods in place, organisations can react shortly 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 things from groundbreaking analysis to environment friendly provide chains. However with this reliance comes a serious problem: preserving that knowledge protected.
Our latest survey paints a transparent image – the pharma trade is a primary 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 dear belongings at stake: analysis investments, groundbreaking discoveries and delicate affected person data.
In a world more and more reliant on digitalisation, the stakes have by no means been increased. The strain to safe knowledge goes hand-in-hand with the drive in the direction of larger effectivity. For pharma leaders, it’s a continuing balancing act – harnessing the facility of knowledge 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 progressive methods to climate disruptions are extra essential than ever.
Our analysis revealed a worrying pattern: drug shortages are having a damaging impression on each sufferers and pharmaceutical corporations. Respondents reported disruptions in affected person care and entry to medicines. 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. 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 sturdy concentrate on sustainability. A big majority of respondents are dedicated to “making a optimistic ESG impression” and implementing “extra sustainable practices” of their provide chains.
This two-pronged strategy is essential. 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 setting, pharma corporations can chart a course for fulfillment in these unsure occasions.
The LogiPharma Playbook is nearly be launched and our audiences are being given entry to the daring, progressive 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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