The Impact of Digitalization on Pharmaceutical Supply Chain
In an era of rapid technological advancement, the pharmaceutical industry is undergoing a transformative journey with the integration of digitalization into its supply chain. This paradigm shift is not merely about adopting new technologies but about redefining the entire approach to the manufacturing, distribution, and management of pharmaceutical products. In this blog post, we will delve into the profound impact of digitalization on the pharmaceutical supply chain. 1. Enhanced Visibility and Traceability Digitalization brings forth a new level of transparency to the pharmaceutical supply chain . Through technologies like blockchain and Internet of Things (IoT), stakeholders can now have real-time visibility into every step of the supply chain. From the manufacturing facility to distribution centers and finally to the end-users, each transaction is recorded on an immutable blockchain, ensuring traceability and accountability. This not only aids in meeting stringent regulatory r...