Question
Provide a detailed analysis of the supply chain risks in the pharmaceutical industry on the following topics: Global Risks: Geopolitical Tensions: Trade wars or diplomatic
Provide a detailed analysis of the supply chain risks in the pharmaceutical industry on the following topics:
- Global Risks:
Geopolitical Tensions: Trade wars or diplomatic tensions can affect the supply of essential raw materials or access to crucial markets.
Pandemics: As seen with COVID-19, pandemics can disrupt the entire supply chain due to increased demand, logistical challenges, and manpower shortages.
Intellectual Property Issues: Disputes related to patents can prevent the sale of certain medicines in key markets.
2. Susceptible Developing World/Emerging Market Context:
Infrastructure Challenges: Inadequate infrastructure can lead to delivery delays.
Regulatory Uncertainty: Emerging markets often have evolving regulatory landscapes, making compliance challenging.
Currency Fluctuation: Currency volatility in emerging markets can impact costs and revenues.
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