Drug Manufacturing Sector Scorecard - Thematic Intelligence
Summary
Pharma manufacturing and supply chains need to be sustainable and resilient in today’s geopolitical and macroeconomic landscape: Pharma supply chains are complex processes through which drugs are developed, manufactured, and delivered to patients. Outsourced manufacturing is a key supply chain component and is being driven by increased drug consumption and the development of more advanced treatments. Pharma is under increasing pressure to ensure supply chain sustainability and resilience. Environmentally sustainable supply chains and manufacturing involve reducing greenhouse gases, improving air quality and water management, and more renewable energy usage. Social sustainability ensures that patients get access to drugs and promotes employee health and safety, human rights, and ethics. COVID-19, the war in Ukraine, and rising raw material and fuel costs are leading to concerns about supply chain sustainability and resilience.
Pharma must invest in smart technologies for more efficient and secure drug manufacturing: COVID-19 forced many companies to accelerate digital transformation and implement technology-fueled changes to their operations. Smart technologies, such as robotics, AI, big data analytics, cloud computing, and blockchain offer the industry the ability to increase efficiencies, create agile operational models, and innovate processes within its value chain, such as allowing for fully digitized drug manufacturing. Companies that embrace smart technologies will be better positioned to gain a competitive advantage and reduce financial risks.
Scope
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