Optimising spend, maximising growth

Express Pharma, in partnership with IPA and CHEMEXCIL, powered by SAP, recently organised a thought leadership conclave on 'Reimagining spend management and supply chain' where cross functional experts explored strategies to drive value through supply chain transformation

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India's pharma and chemical companies are now set to integrate deeper into global supply chains, and back integrate, with China plus one initiative and other regulations, triggering more investments. Though supply chain shocks could derail these early success stories, a deep dive at a recent thought leadership conclave revealed many opportunities and strategies to tackle the challenges.

Express Pharma, in partnership with Indian Pharmaceutical Alliance (IPA) and CHEMEXCIL, powered by SAP, recently organised a thought leadership conclave titled, Reimagining Spend Management & Supply Chain for Pharma and Chemical Industry. Cross functional experts explored how smart supply chain technology optimises spends and maximises global growth opportunities, extracted learnings from success stories, and shared real-world experience and solutions to evolve up the global pharma value chain.

Speakers explored how they could pivot materials and export logistics to the next level with advanced supply chain technology, and shared success stories highlighting greater gains from supply chain technology and automation. They also explored how smart AI contracting across the pharma and chemicals supplier universe could link spends, RoI and result in value creation. There was broad consensus on the critical need for technology material traceability to insulate pharma and chemical exports from supply chain shocks.

In a Fireside chat, titled Future Proofing the Chemicals and Pharma Supply Chains, moderated by Viveka Roychowdhury, Editor, Express Pharma and Express Healthcare, two association chiefs discussed the impact of COVID-19 on the pharmaceutical and chemical supply chains, highlighting the invaluable lessons learned for future policy formulation.