CLOSE

Specials

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

healthcarebusinessreview
US
EUROPE
APAC

About us

  • Home
  • Contributors
  • News
  • Conferences
  • Newsletter
  • Magazine
×
#

Healthcare Business Review Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Healthcare Business Review

Subscribe

loading

Thank you for Subscribing to Healthcare Business Review Weekly Brief

  • Home
  • News

Recommended picks

Must-Have Features of An Effective Healthcare Compliance Plan

Useful Tips to Boost Your Mental Health

Uses Of Internet Of Things (Iot) In The Veterinary Industry

Crankfrog, A National Payer Advisory Firm, Has Joined The Chartis Group

Populus Media Introduces HCP Reach Offering Through Partnership With Telerayvertica;

How Pharmacy Management System Turned A Boon For The Medical Industry

What is the Future of Healthcare Supply chain?

Top Cybersecurity Challenges Faced In Healthcare Sector

Must-Have Features of An Effective Healthcare Compliance Plan

Useful Tips to Boost Your Mental Health

Uses Of Internet Of Things (Iot) In The Veterinary Industry

Crankfrog, A National Payer Advisory Firm, Has Joined The Chartis Group

Populus Media Introduces HCP Reach Offering Through Partnership With Telerayvertica;

How Pharmacy Management System Turned A Boon For The Medical Industry

What is the Future of Healthcare Supply chain?

Top Cybersecurity Challenges Faced In Healthcare Sector

Centralizing Supply Chain under One-Roof Brings Wide Range of Benefits

Healthcare Business Review | Wednesday, January 27, 2021
Tweet

Most pharmaceutical companies have complex, underused and inefficient supply chains. Worse yet, they are ill-equipped to handle the kind of products that come down the pipeline. By 2020, many of the medicines produced by the industry will be specialist therapies that will require completely different techniques of manufacturing and distribution from those used to produce small molecules. In short, a radical overhaul is needed for the pharmaceutical supply chain. The question here is why pharmaceutical supply chains are being shortened and how can stakeholders work together to improve efficiency in pharmaceutical and medical device design, manufacturing and distribution?


Worldwide, various stress factors are facing the pharmaceutical industry, that are becoming more intense in most cases. It is necessary to look at the key developments influencing the market of tomorrow and consider their collective influence in order to overcome the roadblocks today. One key driver of shift is that with the rise of biological and genomic medicine, product life cycles are becoming shorter. As a consequence, the market is changing from traditional small molecule and solid-dose products to larger bio-engineered, complex and technical products. This leads to increased pressure on supply chains to offer sensitive medicines within tighter periods of time.


Manufacturers of pharmaceutical products need to invest in and incorporate truly global networks of production and distribution.  


In order to increase productivity and profitably, teams on the ground had to be able to create any solution, any problem, anytime, anywhere. For multiple teams, however, it is common at the moment to manage multiple international supplier sites.


Centralizing the supply chain on a one-roof basis brings a wide range of benefits including, but not limited to, reduced risks and overheads, increased innovation, supply and compliance assurance, tighter quality control and local availability through global regional distribution sites. At the same time, these cost-saving and reliability gains will motivate the industry to fulfill its social responsibilities, such as the need to pioneer more sustainable manufacturing processes and produce more efficient and safer medicines that the whole world can afford.


Most successful pharmaceutical companies will be those that take the initiative and begin to build agile, efficient supply chains to sustain this vision, either virtual or physical. They will be those who use their supply chains to make a distinction their brands and 'go the final mile,' the currency of the future will be those who recognize information.


Weekly Brief

loading
> <
  • Healthcare Facilities Management 2022

    Top Vendors

    Current Issue
  • Healthcare Bpo 2022

    Top Vendors

    Current Issue
  • Veterinary Solution 2022

    Top Vendors

    Current Issue
  • Healthcare Executive Search 2022

    Top Vendors

    Current Issue

Read Also

Five Healthcare Marketing Trends to Watch out for in 2022

Five Healthcare Marketing Trends to Watch out for in 2022

Solv Demonstrates its Commitment to Healthcare Price Transparency with ClearPrice Launch

Solv Demonstrates its Commitment to Healthcare Price Transparency with ClearPrice Launch

Key Medication Management Challenges Facing Healthcare Administrators

Key Medication Management Challenges Facing Healthcare Administrators

Key Trends Transforming the Facets of the Medical Device Industry

Key Trends Transforming the Facets of the Medical Device Industry
Key Challenges Healthcare Supply Chains Faced during the Pandemic?

Key Challenges Healthcare Supply Chains Faced during the Pandemic?

Overjet Obtains U.S. Patent for its Revolutionary AI Technology Enabling Accurate Measurements on Dental X-rays

Overjet Obtains U.S. Patent for its Revolutionary AI Technology Enabling Accurate Measurements on Dental X-rays

Must-Have Features of An Effective Healthcare Compliance Plan

Must-Have Features of An Effective Healthcare Compliance Plan

Effective Tips to Improve Mental Health

Effective Tips to Improve Mental Health
Loading...

Copyright © 2022 Healthcare Business Review . All rights reserved. |  Subscribe follow on linkedin

This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.healthcarebusinessreview.com/news/centralizing-supply-chain-under-oneroof-brings-wide-range-of-benefits-nwid-105.html