Page 21 - ITLN May-June 2021 issue for Magzter
P. 21

We are clearly in unsettling times.
        How has this pandemic impacted your
        supply chain activities over the last
        one year?
        The pandemic was a truly Black                                         Going forward, business
        Swan event. We've seen supply                                          continuity will become
        chain disruptions in the past but the                                  a critical node for
        magnitude of this disruption was very                                  companies. We need to
        far reaching because both supply and                                   ensure that we continue
        demand end of the value chain got
        impacted simultaneously. As you know,                                  doing what we were able
        the pharma industry gets a lot of bulk                                 to do and disruptions like
        drugs, chemicals and key starting                                      a Covid-19 pandemic
        material from China. In the past, given                                does not bring us back to
        the disruptions that supply chain                                      ground zero that we need
        professionals have seen, specifically in                               to re-build again.
        pharma, we had some inventories built
        up. We were thinking that once China
        probably is out of the disruption, we
        will be back to normal. This was some   pharma and healthcare companies.   pharma. There is intent from a lot of
        time in February last year, when the   What has been your experience   organizations to see how we can adopt
        virus started to spread. By March, India,   in the last year and what are the   AI/ML, if not in the manufacturing
        along with the entire world, came to a   opportunities you see in the future?  process, at least in the planning side.
        grinding halt. Though pharmaceutical   Pharma has been in the midst of the   For example, how do you sense demand,
        was part of the essential service   entire mayhem. We have been actively   how you can look at micro and macro
        services, we have to understand     trying to support in terms of drugs and   factors, move away from the traditional
        pharmaceutical manufacturing is     medications. Then with the vaccine   forecasting methods and eliminate
        dependent on very long value chain. For   discovery and other medications coming   those biases which we have in terms
        example, you can manufacture all the   along, a lot of pharma companies   of generating a unified demand view.
        drugs and keep them ready but how do   saw this as an opportunity to grow.   So, you can reduce the downtime and
        you pack them? The local printers, foil   But the main silver lining was in the   improve productivity. Pharma has
        manufacturers, carton manufacturers   acceleration in the pace of digital   traditionally done batch manufacturing,
        have to be ready and operating to   transformation of the pharma business   where every batch is manufactured,
        supply you those printed components   process. Nobody could have imagined   tested and released, which takes a lot
        to pack the material. But with help   us working from home, especially in   of time. So, how we can improve on
        from the government of India, the state   the pharma industry, this was a taboo   those cycle times and have continuous
        government and the administrative   because of privacy issues. But the   manufacturing are some critical areas
        machinery, essential service providers   digital push has helped us collaborate   that the pharma industry is looking at
        and the ancillary support were given   further with our suppliers, both down   now, with respect to newer technologies
        special provisions to start operations. So   the value chain and up the value chain,   coming in. Technology can also help a
        from April last year and then beyond, we   with our distributors, with our sales   lot in terms of vendor management and
        started to recover and the supply side   and marketing team. So the entire   in improving visibility. Blockchain can
        of the supply chain recovered. But the   collaboration, to my mind, has also   bring vendors and the customers on
        demand remained muted as there were   come to the fore.                one platform and can make information
        lesser patients visiting the doctor and                                sharing easy and transparent.
        there were lesser elective surgeries.   Pharma companies are either slowly
        So, in phase one, there was a complete   adopting or are looking at Industry   What will your top areas of focus be for
        demand disruption where only Covid-  4.0 tools (AI, Blockchain, Advanced   supplier management risk mitigation
        specific medicines were getting sold.   Analytics, Cloud based networking,   in the post-pandemic world?
        But in phase two, we started to see a   etc) for reducing manufacturing costs,   The single most critical factor that
        demand recovery probably from the   improving quality, and increasing   comes to my mind is collaboration.
        July-August timeframe. The demand   supply chain flexibility while making   We need to start working with our
        curve began to witness a V- or U- to   deliveries more reliable. What are the   suppliers as business partners in
        probably a W-shaped recovery.       critical digital capabilities you need to   this VUCA environment where supply
                                            focus on to prepare for future supply   chain disruptions can be of global
        At the same time, the pandemic      network disruptions?               significance. With India going through
        has presented new and expanded      Industry 4.0 is definitely going to be an   a very severe second wave, people are
        opportunities and challenges for    adoptive technology going forward for   fearing about the drug supply to the rest


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