Securing supply chain certainty: strategies for resilience and risk management

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Jim Donovan, Vice President of Pfizer CentreOne, has over 30 years of experience across operations, manufacturing and finance in the biopharmaceutical space. As Vice President, Jim optimized Pfizer’s global third-party customer supply chain to ensure drugs were delivered efficiently, safely and on time to patients. Throughout his career at Pfizer, Jim spearheaded operations across multiple sites in the US, being instrumental in producing emergency-use auto-injectors, medical devices, sterile fill/finish and small molecule APIs, as well as various OSD pharma and OTC products. His extensive global network combined with his strategic oversight of Pfizer presents a unique position for Jim to empower, connect and lead high-profile projects successfully. Jim graduated with a BS in Chemical Engineering from Manhattan University and an MBA in Finance from Fordham University.

Abstract

The current global climate is making it increasingly difficult for pharmaceutical companies to ensure the reliable supply of their products. Recent disruptions have underscored the critical need for robust strategies to de-risk supply chains and ensure the continuous delivery of essential therapies. In this article, Jim Donovan, Vice President of Pfizer CentreOne, provides his unique insights on supply chain security and explores the approaches drug manufacturers must employ to safeguard integrity and build resilience.


Exposing vulnerabilities in traditional supply chain models

 

In the last decade, increased protectionist measures, trade disputes and stricter regulatory requirements have all contributed to increasingly complex pharmaceutical supply chains, leading to a growing risk to the reliable flow of critical raw materials and finished pharmaceutical products.

 

An over-reliance on single-source suppliers
The pharmaceutical industry has long relied on a few key regions for the production of active pharmaceutical ingredients (APIs) and other critical components. This concentration has created a fragile supply chain that is vulnerable to disruptions caused by geopolitical tensions, with trade disputes between major economies potentially leading to delays in the shipment of essential raw materials for the production of life-saving medications.

 

The COVID-19 pandemic further exacerbated these vulnerabilities, disrupting supply chains across industries, including pharmaceuticals. As a result, it also highlighted many organizations’ over-reliance on single-source suppliers and geographica ...