A 5-Point Plan for Reinventing the Pharma Supply Chain
Abstract
Digital technologies have transformed the pharmaceutical industry's transport system significantly by incorporating a digital supply chain. This paper explores the evolving landscape of the digital pharma supply chain and how it can positively influence the industry. The pharmaceutical supply chain globally faces a number of risks and challenges at both the operational and the disruptive levels. A digitalized supply chain will help them manage these risks, reduce their operational costs, and enhance their assets. It will equip them to respond positively to the customer’s demand and reap profits. The paper explores the digital enablers that help to integrate digitalization in the pharma supply chains. Furthermore, the paper highlights a thorough analysis of the developments in terms of their future impact on the industry and supports factual market insights, academic literature, and industry reports. The digital transformation is beyond the technology upgrade; it is a strategic imperative to develop an enterprise's resilience, efficiency, and patient-centric service delivery in an unstable and demand-sensitive global environment.
How to Cite This Article
Sandeep Ramanamuni (2022). A 5-Point Plan for Reinventing the Pharma Supply Chain . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 3(6), 728-732. DOI: https://doi.org/10.54660/.IJMRGE.2022.3.6.728-732