Stretched Timelines in Pharma
Ruud discussed the growing trend in pharmaceutical timelines of longer development and manufacturing processes and how products can take up to three years to be released to the market. As the timeline to product release grows, any failures within the supply chain can have a huge financial cost.
A temperature excursion or supply chain failure can potentially result in two to three years of loss from a value chain perspective. With such financial pressure, there is no room for mistakes, and pharma companies need to reach their goals.
Undoubtedly, they also discussed the real impact these issues can have on the people who matter the most: their patients. As Ruud clearly phrased it: “Every dose is a patient.” For every single dose shipped, a patient is waiting at the end of the supply chain. This means any dose not delivered and subsequently not administered could negatively impact a person’s life. The pressure to maintain a high standard in the supply chain is huge.
In the coming decade, the growing elderly population will intensify the demand for healthcare, particularly life-saving medicines. Failure to meet this demand is not an option, emphasizing the critical need for change in the industry.