February 06, 2024 | Supply Chain Strategy
The pharmaceutical supply chain today runs on a complex web of raw materials, manufacturers, regulatory compliance and logistics.
While this network ensures that life-saving medicines reach markets worldwide, it also creates latent risks that can disrupt even the most meticulously planned operations.
Understanding and mitigating these risks is paramount for pharmaceutical companies to enable them to deliver results for customers and shareholders.
Pharma supply chain risks include the following unique challenges:
February 05, 2024 | Procurement Strategy
The global chemicals industry has seen robust mergers and acquisitions (M&A) activity in recent years. With companies seeking innovation, new capabilities, and access to growing markets, procurement’s role in chemicals M&A needs to be leveraged better as it can add significant value to the entire process. By understanding industry challenges and applying effective strategies, procurement can help drive better M&A outcomes.
February 02, 2024 | Supply Chain Strategy
Supply chains have become increasingly complex. The journey of a product — from raw materials to the end consumer — requires multiple companies to come together. And effective supplier collaboration along the supply chain is key to improving efficiency, reducing costs, and providing better customer service. Supply chains with greater collaboration are more likely to be considered leaders in their industry. Effective collaboration is therefore critical for enterprises seeking a competitive edge.
For procurement and supply chain leaders, the past four years have seen their fair share of challenges. Whether caused by war or escalating geopolitical tensions or the fallout from the pandemic, plenty of roadblocks remain.
However, there appears to be some light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.
By 2030, the life sciences sector will face a potential value loss of an estimated $200 billion from expiring patents. This looming challenge underscores the sector's urgent need for strategic mergers and acquisitions (M&A), especially as companies navigate an era of high interest rates and economic uncertainty.
How can life sciences companies turn these challenges into opportunities? What strategies are crucial for success in this dynamic M&A landscape?
January 23, 2024 | Procurement Strategy
Procurement teams continued to face disruptive forces in 2023.
Rapid advances in digital transformation, a resetting of globalization and intensifying climate change impacts present new complexities for procurement teams to contend with.
In response to these trends, leaders have the tricky task of looking to the future while also maintaining a firm grip on their current priorities.
By strategically embracing change, procurement leaders can elevate their function, deliver greater strategic value and drive enterprise success.
January 22, 2024 | Supply Chain Strategy
Supply chains are today a key priority for businesses of all sizes, with recent unforeseen events serving as a stark reminder of their criticality.
Of late, several industries have seen multiple disruptions that first began with the pandemic and later became prolonged because of geopolitical conflicts and the resulting inflation and energy crisis.
Not surprisingly, businesses are exploring ways to effectively deal with supply chain disruptions in the future.
January 18, 2024 | Procurement Strategy
Merger and acquisition (M&A) is a tried and tested strategy for enterprises to grow and expand operations beyond what was originally thought possible. By combining the strengths of different entities, a new organization is created with an aim of creating new products or services that are more profitable and successful than the earlier lineup under separate entities.
January 12, 2024 | Procurement Strategy
The crisis cycle of high demand, shortages and delays over the last few years finally seems to be over. Inflation appears to be (gradually) heading back to historical averages. Interest rates are likely to start falling as inflation retreats. Economists expect job markets in the G7 economies to become more balanced.
With adoption of artificial intelligence tools becoming more widespread, the relative stability make 2024 the perfect time for supply chain and procurement leaders to refocus on long-term planning and strategy.
The public sector is on the threshold of a transformative era, driven by rapid technological advancements and evolving organizational priorities. With global government IT spending projected to soar, the focus intensifies on initiatives that fortify the resilience and efficiency of public services.
