In the world of supply chain management, sponsors play a pivotal role in driving innovation and delivering cutting-edge solutions. Industry events offer a prime opportunity to showcase products, forge strategic partnerships, and gain valuable exposure. To help you maximize your sponsorship opportunities, we've curated a list of top supply chain conferences for you to potentially attend.
Pharma supply chain leaders understand that they must digitize their operations if they want to stay competitive in today's market and keep growing. However, many pharmaceutical organizations are still struggling with manual processes that make their supply networks unreliable.
Pharmaceutical supply chains are increasingly powered by data, which provides an invaluable source of information to supply chain leaders. However, not every pharma manufacturer is using its supply chain data to its fullest extent.
The pharmaceutical industry is facing the monumental challenge of ensuring the safety and temperature control of products while they are in transit. The lack of accurate, real-time visibility into shipments can lead to costly delays and increases the probability of lost or damaged goods.
The pharma industry and its global supply chains constantly face new challenges and disruptions, if only because of their size. According to McKinsey & Company, the global value of pharmaceutical goods traded has grown sixfold over the past two decades, from $112 billion in 2000 to $629 billion in 2019.
Having strong working relationships with third parties is integral to pharma manufacturers' success. Strong partnerships can result in efficient and streamlined processes, better communication between organizations, effective inventory management, more coordinated shipments, and more.
With logistics becoming more complex, costly, and challenging than ever before many organizations are turning to third party providers to handle the heavy lifting – both literally and figuratively. In this article we discuss some of the key advantage of acquiring the services of a third party logistics provider compared to doing it all yourself.
The COVID-19 crisis and now the Russian invasion of Ukraine has created a state of permacrisis which continues to have significant effects of the business of moving products around the world. In this current climate, it has never been more important to have a rock-solid risk management strategy in place. In this article, we share some of the fundamentals of creating a risk management strategy and discuss how import cybersecurity will be to supply chain resilience in future.
Transparency is becoming an increasingly critical issue at almost every level of industry. Supply chains in particular have been focused on due to their globally dispersed nature and the sheer number of links goods must pass through to reach their ultimate destination. In this blog we discuss what supply chain visibility is, why it’s important, and how to achieve it.
Data is critically important to modern industry and those organizations which lack advanced capabilities in this area are going to find it increasingly difficult to compete in the future. Pharmaceutical supply chains are particularly relevant to this discussion due to the nature of the products being handled and the spotlight placed on the industry by the COVID-19 crisis.
In this article, we discuss why data has become so essential in 2022 and what pharmaceutical supply chain organizations can do to draw the best value from it.
Cost optimization is finding renewed prominence as the instability of the global COVID-19 crisis and subsequent events continue to make pharmaceutical supply chains more difficult to predict and manage.
In this article we discuss ways to optimize costs in the supply chain and, contrary to widely held belief, how reducing outgoing spend can often improve efficacy and effectiveness.
It's been quite a time for the planet, hasn't it? The SARS-COV-2 pandemic is still causing major problems around the globe and, while things have certainly improved compared to 18 months ago, it's becoming quite hard to recall life before the crisis.
Healthcare is a business. Some may wish that wasn't the case, and it may not always be, but the reality of the matter is plain to see for anyone. Most hospitals and other healthcare providers here in the US have to operate from a profit-making perspective - just like brands such as Walmart and Amazon.
The situation we've been forced into because of the COVID-19 crisis has a certain irony to it, don't you think? The need for us to be able to come together and devise solutions to this most unique of situations has never been greater - yet the very nature of the crisis forces us to remain apart?
Medicine is evolving. The time may soon arrive when we no longer head to our local pharmacist to collect a pot of generic drugs over the counter, as a new generation of treatments is now finding its way into the pharma space.
Life sciences companies are using their digital transformations to make the supply chain more efficient and transparent. Here’s how.
Developing operations that generate revenue and eliminate risk all depends on how you tailor your network strategy for the future. This means adapting to the many complexities that pharma marketplaces deal with as products revolutionize and customer demand shifts globally.
Value-based healthcare, patient-centricity, connectivity, and home care are key drivers of change in the pharmaceutical sector. With this in mind, supply chains have to adapt to this new environment which demands higher visibility and agility in order to increase revenue and ensure consumer safety.
Many companies have spent the last several years focusing on external factors like marketing and branding, but not on their internal operations or supply chain relationships.
The complexity of biosimilar pharmaceuticals offers challenges to supply chain managers. However, Amgen is using high-grade product barcoding and state-of-the-art tracking devices to overcome them.
The pharmaceutical industry is under enormous pressure to reduce supply chain costs, and Merck is making significant roads in this regard by joining the innovative Poseidon initiative.