Startups Rethinking the Present & Reinventing the Future of Supply Chain

Pharma

As safety is most fundamental element in the medicine manufacturing and supplying process, startups are coming up with market demanding supply chain solutions to ensure the safety and security during the delivery process. Startups are pulling the technological advancement of automation in order processing system to enhance the chain of medicine deliveries from manufacturers to distributors and pharmacies.

The integration of automation in the industry minimises the manual errors, fastens the process of ordering, and assuring the availability of stable supply of essential medicines. Also it aids in maintaining the levels of optimal inventory and guarantees the on-time delivery of pharmacy products.

Moreover, startups are harnessing the technology of blockchain to build trust and transparency by allowing the stakeholders to validate the source and track the journey of the medicinal products from manufacturer to consumer. In order to uphold the reliability of temperature-sensitive pharmaceuticals, startups use cold logistics solutions. It ensures the vaccines and many other temperature-sensitive medicines are preserved and transported under the norms of optimal conditions to store their efficacy. Specifically, it reduces the spoilage and enables the patients to receive efficient medicines.

“The pharmaceutical supply chain is both global distributed and complex, and faces constant pressures like demand volatility, complex regulatory environments, and supply network disruptions caused by the global events. As a result, the industry is now more focused than ever on investing in an agile supply chain management approach that can give both a competitive advantage and drive innovation to streamline pharmaceutical supply chain management”. - Vickram Srivastava, Head - Planning, Global Supply Chain, Sun Pharma