Life Sciences/Pharma
Evolving Landscapes: Biopharma and Medtech's Path in 2024
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Generative AI and virtual health tools are poised to impact medical device manufacturers, while biopharma focuses on drug pricing, regulatory changes, and consumer costs.
Diversifying sourcing locations, strengthening supplier relationships, investing in advanced analytics for demand forecasting, and implementing agile manufacturing processes.
Regulatory demands are evolving, particularly in track-and-trace rules and serialization standards for pharmaceuticals. Companies invest in tech solutions for compliance and supply chain efficiency. Implementing serialization needs coordinated effort for seamless integration.
Supply chain sustainability initiatives encompass various aspects, including eco-friendly packaging, energy-efficient transportation, waste reduction, and responsible sourcing of raw materials.
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