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Today is the first in a series of posts that explores what are in my opinion the ten most significant trends that are transforming the pharmaceuticalsupplychain. The market for Over-the-Counter (OTC) medicines is now forecast to outgrow the total current pharmaceutical market.
Due to more complex supplychains, policy makers worldwide are enforcing stricter regulations for manufacturing and logistics. In the years to come, the FDA expects domestic GMP inspections to decrease and more inspections in the foreign arena (FDA 2013) reflecting the trend towards more globalized supplychains.
Safety Stock: Navigating SupplyChain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supplychain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.
Looking ahead, it is clear that competition will drive the formation of value added networks as well as supplychains differentiated by product and region. The post How is outsourcing impacting IT investments in the pharmasupplychain? appeared first on The Network Effect. The Network Effect'
If you want to know ahead of time the changes awaiting the pharmaceuticalssupplychain it is useful to extrapolate experiences from the consumer and retail sectors, which were dealing with the same trends and pressures long before pharmaceuticals (for example, the proliferation of distribution channels).
Many companies in the pharmaceuticals sector are facing a challenge; they must decide if, when, and to what extent they should develop a direct-distribution channel to the end consumer. Sales of products in the OTC category have been growing faster than other pharmaceutical products in the past few years. Pharmaceutical'
I was just with one of the leading global pharmaceutical company yesterday, and once again I was struck by how quickly the pharmaceuticalsupplychain is changing. The market for Over-the-Counter (OTC) medicines is now forecast to outgrow the total current pharmaceutical market. The rise of OTC and Generics .
Note: This is part of an ongoing series on the top ten trends affecting the pharmaceuticalsupplychain. You can read my first post with the first two trends here. This can result in supplychain efficiencies across the entire supply network. Number 4: Counterfeiting. The Network Effect'
Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Designed to lift the profession and celebrate supplychain results, I struggle to find that the methodology supports either objective.
This may be a reaction to the ongoing supplychain crisis, which quantum could help relieve through its potential to solve complex optimization problems common in shipping and logistics.” Quantum Computing Trends. As noted earlier, the supplychain field could also benefit. ”[3]. Competition Heats Up.
One of the biggest recipients of this trend is the pharmaceutical environment. Several trends have shaped the pharmaceutical ecosystem in the last few years, and Obamacare is only one among many. Supplychains have gone from local to global. Another trend that we are seeing speaks again to globalization.
Managing access to healthcare providers, pharmaceuticals, medical devices and procedures will thus become an increasingly crucial factor for managing the cost of healthcare in industrialized countries. The post The supplychain implications of rising healthcare costs… appeared first on The Network Effect.
Mike Baudendistel and Joe Lynch discuss the CPG supplychain. About SONAR SONAR is dedicated to helping businesses understand and navigate the global supplychain. Johnson & Johnson: While having large pharmaceutical divisions, they also have a very large presence in consumer health products.
If you’re a pharmaceutical company, you fear the hit to your business, both headlines and bottom line. Makers of weight loss drugs are looking out a big picture window of patented opportunity right now, but this rosy view is blocked by supplychain challenges. What role can supplychain play in preventing stockouts?
As I was enjoying the holidays, I had an opportunity to reflect on the year past and what the future holds for supplychains. However, organizations will need to be deliberate in designing supplychains with optionality so it does not become cost prohibitive. SupplyChain Design is essential in tackling these.
It’s is one of the best conferences in the supplychain and logistics industry to learn and network. Below are the sessions that I am participating in focused on social networking, transportation management systems, and “mega” supplychaintrends. A Pulse on Social Networking for SupplyChain Management.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Supplychain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains.
A few years ago, I interviewed Tony Martins, former VP Strategic Services at Halo Pharmaceutical. Read more Making a Difference: SupplyChains for a Better Tomorrow. Read more Making a Difference: SupplyChains for a Better Tomorrow.
For businesses, DPPs are becoming essential to comply with best practice guidance as well as coming statutory regulations that demand transparency in supplychains. Blockchain can also build trust in the supplychain, as all channel stakeholders can verify the same data.
When we speak to supplychain leaders about innovations in their supplychain, it’s not always about drones, self-driving trucks, or automated warehouses. Trend #1: Customers Buying Experience Not Products. Trend #3: Serving Every Customer with their Own Optimized Micro SupplyChain.
Check out the video below as well as links to other supplychain practitioner and Kinaxis executive interviews. Merging two companies is seldom easy, but it’s even more difficult when their supplychains are highly dissimilar, says Jim Calarese, director of supplychain systems at Sanofi Genzyme.
That’s the question that continues to bedevil the global supplychain industry. As I detailed in a recent column , the answer to constant supplychain volatility is pervasive real-time visibility into the precise location, temperature or status of a shipment — at any point along the journey. Where’s my shipment? .
Note: this is the final is series of posts that explored the top 10 trends affecting pharmaceuticalsupplychains. . First, let’s have have a recap on the what the top 10 trends are: The Rise of OTC and Generics. The post Are these the Top 10 Trends affecting PharmaceuticalSupplyChains?
The short answer is that communication and collaboration — especially, and most importantly, between people — is the foundation of supplychain management, and you can’t effectively innovate without that strong foundation. The post Facebook for SupplyChain Communication and Collaboration?
In this post I’ll examine some of the top trends and challenges that are impacting the pharmaceutical industry. The post 6 Trends Shaking the Pharmaceutical Market appeared first on The Network Effect.
Megatrends Shaping SupplyChain Innovation. While the COVID-19 pandemic woke up supplychains around the world, the ripple effects continue to disrupt in both size and scope. How are supplychains planning for further disruption and uncertainty? And what are the key industry trends and innovations?
The future of supplychain I foresee brings new risks and challenges, along with recognition that doing things the same way will no longer lead to the same success. Just as the saguaro is both nursed by and supports life in its ecosystem, it behooves supplychains to invest in their ecosystems, both suppliers and employees.
In this post I’ll examine some of the top trends and challenges that are impacting the pharmaceutical industry. The post 6 Trends Shaking the Pharmaceutical Market appeared first on The Network Effect.
Regulatory reform has been top-of-mind for supplychain executives and political leaders in the US since the 2016 election. Supplychain executives need to take a few moments to learn more about the top 2018 manufacturing trends that will make it possible. Check Out the Top 2018 Manufacturing Trends.
At SupplyChain Insights, we have been actively working in our own mine sweeping project. In addition, we enriched the data lake with 20 market indexes on cost, growth and market trends. The company was then assigned to one of 37 peer groups based on the SupplyChains to Admire methodology.
If you ask companies if they would like better inventory and global supplychain visibility, you will get an overwhelming answer of, “Yes!” The term supplychain visibility varies by role. The term supplychain visibility varies by role. ” The answer is simple. They don’t.
5 Megatrends Shaping SupplyChain Innovations. In these times of global turmoil, there are five (5) important megatrends shaping supplychain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supplychain management.
Transporting pharmaceuticals is arguably more important than manufacturing them, because it enables these lifesaving medications to make it to where they are needed most. Guarding Against Cargo Theft Cargo theft is one of the largest risks associated with pharmaceutical manufacture and transport. Download White Paper.
Since 2012 SupplyChain Movement, in collaboration with partners, creates mind maps with practical Thoughts, Tools, Tips and Ticks. The mind maps of SupplyChain Magazine have a fixed structure in the form of a simple matrix. Then in the top right box it tells what the impact of these trends are on the business.
Executing lean concepts in Pharma, Biopharma and Medical Devices is critical to maintain and improve efficiency, quality, regulatory compliance and productivity. In addition, macro trends in life sciences are also increasing the need for industrial transformation and the digitalization of lean. Trends impacting Life Sciences teams.
trillion industry by 2024 , consisting of not only food, but also cosmetics, pharmaceuticals, modest fashion, media & creation, and Muslim friendly travel. Muslim (majority) countries in Asia (such as Brunei, Indonesia, and Malaysia) and several countries in the Middle East are moving to stage 3: the halal supplychain.
Supplychain leaders are competitive and they want to measure their success. In many businesses, assets are a core part of the supplychain. The more work that I do on trying to understand corporate balance sheet information and the connection to supplychain excellence, the more I realize how unqualified I was to vote.
The cloud has emerged as the cornerstone of modern business and supplychain innovation. Yet, many manufacturers still rely on outdated, self-managed ERPs – and the consequences are nothing short of severe for every supplychain they touch. The food and beverage sector also benefits from the cloud.
One promising application that is emerging in the SupplyChain and Sustainability space is Digital Product Passports (DPPs). The potential to provide reliable, tamper-resistant data across supplychains is driving interest from various sectors, including pharmaceuticals, electronics, and food production.
While Contract Pharma & BioPharma manufacturers continue to experience an increase in demand for more projects, new challenges are emerging from nearly every angle including new regulatory and quality requirements, workforce shortages and of course, supplychain disruptions.
Hottest Growth Sectors in SupplyChain Management. Over the last several months, I have had the opportunity to speak with hundreds of CEOs, vice presidents, directors of operations and various management personnel within the supplychain management (SCM) industry. Pharmaceutical. Conclusion. About the Author.
Can You Prevent SupplyChain Disruptions in Life Sciences? Supplychain disruptions in the life sciences industry can have serious consequences. While its impossible to eliminate all risks, companies and the industry at large can take proactive steps to minimize disruptions and improve supplychain resilience.
Supplychain conferences are an excellent way to connect with industry professionals, learn about new technologies, and refine your operation through the experience of others. WHITE PAPER] The Top SupplyChainTrends that Will Impact SupplyChain Management in 2018. GET YOUR COPY HERE.
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