Managing Complexity – Outsourcing Sourcing
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Pharma under pressure to lower costs
After decades of top-line focus the pharmaceutical industry is under pressure to reduce operating costs. A variety of factors like influence from healthcare providers and governments, genericization, diminishing R&D productivity, but also an increased focus on “pharmerging” markets and managing the consequences of the global economic downturn are forcing pharmaceutical companies to closely scrutinize their manufacturing strategies. The burden of managing and decreasing costs in a strategic and sustainable manner is one of the biggest challenges the pharmaceutical industry has been trying to overcome.
As part of the cost-reduction effort pharmaceutical companies are progressively expanding the outsourcing of some or all production activities. Increased outsourcing of manufactu ... ...