To say the novel coronavirus pandemic has greatly affected pharmaceutical supply chains is an understatement. With companies struggling to effectively adapt their processes to the new normal, many are looking to new technology solutions to lend a helping hand. For one, organisations are prioritising supply chain initiatives around automation, which improves collaboration with suppliers to mitigate risk, deliver on contactless interactions for safety, and enhance workforce efficiency.
Sustainability, too, has become a critical global supply chain trend, with customers demanding greener products and sustainable practices. Both environmental and ethical factors, such as promoting human rights, fair labour practices, and anti-corruption policies, affect the sustainability of the supply chain. Hence, by managing and improving environmental, social, and economic performance throughout supply chains, businesses can conserve resources, improve processes, save costs, increase productivity, and promote corporate values.
Pharma supply chains generate massive amounts of data that were previously unusable. But today’s technology, driven by AI and machine learning algorithms, help analyse the information and, in turn, automate decision making, spot inefficiencies, and improve the customer buying experience. All of this results in sustainability improvements. Accurate data is also key to building greener and more responsible logistics processes. The right technology reduces packaging, routes more efficiently, and sources cleaner products from companies who are committed to sustainable business practices.
Highlighting these new developments in the pharma sector, Pharma Tech Outlook has compiled a list of leading supply chain management consulting/service companies in Europe that are at the top of their game. The enlisted organisations are transforming the manufacturing operations and drug development processes at the convergence of several disruptive technologies and their innovative services. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Pharma Tech Outlook’s “Top 10 Supply Chain Management Consulting/Service Companies in Europe – 2020.”