BLOG

Top Pharmaceutical Supply Chain Challenges in 2019

Jun 18, 2019

Improving supply chain management in pharmaceutical industry has been a challenging task for many companies. Pharmaceutical organizations, globally, are facing challenges meeting global quality standards, adhering to new healthcare reforms, and increased service requirements. To address such challenges, pharmaceutical firms must reduce costs, increase agility, and improve speed to market. They need to define key issues such as process development, capacity planning, and logistics management since they play an important role in pharmaceutical supply chain management. 

Increasing the efficiency of the supply chain in pharmaceutical industry requires correct analysis of the latest trends and changes in the market. Request a free demo to know how our experts can help you gain precise market insights regarding the healthcare market.

Request Free Demo

Key Pharmaceutical Supply Chain Challenges

Pharmaceutical supply chain challenges #1: Supply chain visibility

Visibility in supply chain is extremely important for companies to address pharmaceutical supply chain challenges. Drug shortages, counterfeits, and opioids is compelling companies in the pharmaceutical industry to track-and-trace goods for the consumers’ sake and improve visibility. At times, improving supply chain management in pharmaceutical industry may also increase profit margins and result in safer products for patients.

Pharmaceutical supply chain challenges #2: Drug counterfeiting

Though counterfeiting of goods is prevalent across many sectors, its impact is most profound in the healthcare sector. Counterfeiters target markets in countries where the capacity to detect defective products and the penalty for engaging in counterfeiting are low. This is one of the key pharmaceutical supply chain challenges that needs immediate attention. Improving supply chain management in pharmaceutical industry can help companies to respond quickly to the actions of counterfeiters while minimizing the effort of policing.

Pharmaceutical supply chain challenges #3: Evolving marketplace

Complex supply chains and poor supply chain management in the pharmaceutical industry are making it difficult for companies to address the demands of a rapidly evolving marketplace. The under-utilization and inefficiency of supply chains to cope with the sort of products coming down the pipeline are forcing pharmaceutical companies to undergo a radical overhaul, creating challenges for companies. To gain detailed insights into the pharmaceutical supply chain challenges, request more information here!

Pharmaceutical supply chain challenges #4: Cold-chain shipping

Most of the top-soling medicines are biologics i.e., either they are produced from living organisms or contain components of living organisms. Such medicines are heat sensitive and susceptible to contamination. Maintaining a desired low-temperature range becomes one of the major pharmaceutical supply chain challenges that such companies face nowadays.

Cold-chain shipping is expected to be adopted more widely by companies as few CART-T cell therapies currently got approved in the USA. CART-T cells are manufactured from a patient’s own immune cells and need to be kept frosty which can be a major challenge for companies.   

Pharmaceutical supply chain challenges #5: Compliance issues

The USA imports a major portion of active pharmaceutical ingredients from manufacturers in India and China. However, there have been certain instances when the Food and Drug Administration has issued warning letters to improve compliance. Suppliers and distributors need to abide by the norms set by the Drug Supply Chain Security Act and ensure “traceability” of products, creating one of the major pharmaceutical supply chain challenges for companies.

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars
Request Free Proposal