Unveiling Key Pharmaceutical Supply Chain Challenges that Companies Need to Address in 2019 | SpendEdge’s Latest Article

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the top pharmaceutical supply chain challenges in 2019.

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Top Pharmaceutical Supply Chain Challenges. (Graphic: Business Wire)

Companies in the pharmaceutical industry have been facing immense challenges in meeting global quality standards. They constantly strive to adhere to new healthcare reforms while minimizing costs, increasing agility, and improving speed to market. This creates the need for companies to improve process development and logistics management capabilities to improve pharmaceutical supply chain management.

At SpendEdge, we understand that pharmaceutical supply chain management is an arduous task and requires a complete analysis of pharmaceutical supply chain challenges and solutions. Therefore, we have listed out the challenges that companies need to address to ensure safer products for patients and increase profit margins.

Improving pharmaceutical supply chain management capabilities requires capacity planning and process developments. Request a free demo to know how our experts can help you gain real-time market information to improve processes.

Top Pharmaceutical Supply Chain Challenges

Supply chain visibility

Poor supply chain visibility makes it difficult for companies to track-and-trace goods. This increases the possibilities of drug shortages, counterfeits, and opioids and makes it imperative for companies to improve supply chain management while ensuring safer products for patients.

Drug counterfeiting

Counterfeiting is one of the most common pharmaceutical supply chain challenges. Counterfeiters target markets where the ability to detect defective products is quite low. They target areas where the penalty for engaging in counterfeiting is low and there is no strict policing. This puts companies with global supply chains at a higher risk and requires them to take immediate actions.

Wondering how you can address these challenges and ensure sustainable growth for the company? Request a free proposal to gain complimentary access to our pharmaceutical supply chain management solution portfolio.

Cold-chain shipping

As the need for biologics is increasing, companies have been compelled to increase their production. Such medicines need a low-temperature range as they are heat sensitive and susceptible to contamination. Keeping such medicines frosty is one of the major pharmaceutical supply chain challenges that companies need to address to adopt cold-chain shipping.

To know more about the pharmaceutical supply chain challenges that companies face today, get in touch with our analysts here!

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