The pharma supply chain is being faced with several stress factors which are, in most cases, intensifying with the constantly evolving regulatory requirements and customer expectations of today’s increasingly digital marketplace. To overcome these supply chain roadblocks, it’s essential to analyze the pharmaceutical supply chain trends shaping the future of this sector and consider their collective impact on various supply chain processes.
With high demand from developing regions and BRIC (Brazil, Russia, India and China) economies, pharma today has become a global market fraught with challenges. Owing to the rapid rise in incomes and lifestyle disorders, governments within these regions are now looking at improving healthcare access and outcomes. But to fully unlock the potential in these developing economies, pharma manufacturers must invest in the right tools and solutions to develop and implement global supply chain networks.
When it comes to revamping the supply chain, Quantzig’s innovative approach to pharmaceutical supply chain management can help you capitalize on new opportunities and prepare for the future, while delivering better results in the current scenario. Collaborating with us can help you make the most of the evolving pharmaceutical supply chain trends and develop resilient, error-free processes with integrated workflows that deliver the best result. Together, we can accelerate decision-making and enhance visibility into key processes to respond proactively to thrive in a fast-changing dynamic world.
At Quantzig, we believe that the effective use of supply chain analytics will enable pharma companies to cope with and even benefit from the key trends impacting this sector in the post-COVID19 era. Request a FREE proposal to learn more.
Pharmaceutical Supply Chain Trends Impacting Recovery
Product Portfolio Expansion
With new therapies and drugs being introduced, the pharma product portfolio is set to witness a massive expansion over the next few months. But, it’s crucial to note that many of these new therapies and the devices used to deliver the drugs involve complex manufacturing and distribution processes that call for a complete revamp of the pharmaceutical supply chain.
Patient-Centric Supply Chains
With telehealth, telemedicine, and home-based healthcare services witnessing a rise in popularity, the pharmaceutical supply chain is expected to become more patient-centric with different endpoints of delivery and information sharing. Moreover, since the increased adoption of digital tools makes patient data easily accessible, patient-centric supply chains of the future must be designed to focus on addressing the dynamic demand.
A promising new perspective on drug manufacturing based on genomic data is paving its way into the pharma market to help deliver personalized care based on individuals’ genes, environment, and lifestyle.
Our pharmaceutical supply chain analytics platforms could be used to renew, improve, or enhance existing supply chain processes. Speak to our analytics experts to know more about our platform capabilities.
Key Supply Chain Focus Areas to Accelerate Recovery
- Dynamic Demand Forecasting: Recognizing the need for a paradigm shift amid the ongoing pharmaceutical supply chain disruptions produces additional questions and concerns around dynamic demand forecasting and sales forecasting that must be addressed while analyzing the aspects of your supply chain management operations that benefit most from a transformation.
- Warehouse Location Optimization: Warehouse management is a key area that can help pharma companies to drive supply chain savings based on real-time analysis of warehouse operations. Moving a part of the last mile operation to a hub near the destination can help optimize costs as well as ensure OTIF delivery.
- Logistics Optimization: Logistics is a key focus area that is poised to witness a major revamp in the post-crisis phase. Through our logistics network optimization analytics solutions, we aim to help businesses balance risks and associated costs in order to deliver exceptional customer service.
- Scheduling Optimization: Driving schedule outcomes by cutting down costs and improving adherence to customer commitments is crucial to driving positive supply chain outcomes in the new normal.
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Many such trends, like the ones mentioned above, are expected to bring in waves of transformations in the pharma industry in the recovery phase post the crisis. Taking advantage of these trends can help pharma companies to deliver new products and services to meet the changing market requirements. Besides, when combined with the right tools, digital transformation strategies, and advanced supply chain analytics, these trends can help drive a major change in pharma. Moreover, by deploying integrated B2B platforms that enhance communication, security, and data transfers, the pharmaceutical supply chain can stay resilient and drive better outcomes in a dynamic environment.