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Re-Configuring Pharma Operations Amid Pandemic Strains

 
• By Anju Ghangurde

Senior McKinsey executive shares insights on the potential contours of pharma’s 'reimagined' operations against the backdrop of COVID-19 and striking a balance between supply chain security and the cost component. A dramatic near-term shift to a “completely onshore model” in markets like the US would not realistically be possible, he indicated.

production line
Pharma is reimagining various aspects of its operations • Source: Shutterstock

The pandemic has jolted many pharma firms into “reimagining” various aspects of their operations with technology, digitization and automation being the key operative levers to enable change across processes. Building supply chain resilience is also seen as pivotal after COVID-19 exposed crippling weaknesses in complex globalized networks.

In an interview with In Vivo, McKinsey & Company senior partner Vikas Bhadoria discussed the shape of things to come...

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