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The Benefits of Supply Chain Visibility Tools Are Clear for Pharmaceutical Companies 

The Benefits of Supply Chain Visibility Tools Are Clear for Pharmaceutical Companies  | Sustainable Procurement News | Scoop.it
Under everyday circumstances, making sure shipments arrive on time and intact for the individuals who rely on them — without spoilage or breakage — is paramount to pharmaceutical companies. And in cases where medicine is needed for humanitarian crises, the importance of supply chain efficiency is magnified. Avoiding disruption and reducing costs are two very compelling business reasons for pharmaceutical companies to invest in tools to improve visibility.
EcoVadis's insight:

The pharmaceutical industry is a huge global business with a complex supply chain that demands visibility and transparency. 

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Human Rights on the Pharma Risk Management Agenda

The results of the Human Rights Due Diligence Study by the British Institute of International & Comparative Law (BIICL) and the global law firm Norton Rose Fulbright, launched last month, showed that many of the companies surveyed from the pharmaceutical industry had conducted a human rights due diligence process or human rights impact assessment. In fact, Pharma was the second highest result by industry sector across the whole survey of 152 multi-national organizations.
EcoVadis's insight:

Pharmaceutical companies are quite ahead in their respect for Human Rights, how advanced is your company in the matter?

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GS1 US guideline helps pharmaceutical industry prepare for item-level traceability requirement

GS1 US has published a new release of the guideline, Applying GS1 Standards for DSCSA and Traceability (R1.2), to help the pharmaceutical industry prepare for Drug Supply Chain Security Act (DSCSA) serialization and item-level traceability requirements in 2017 and 2023.
The new release builds upon version 1.1 of the guideline and takes advantage of new features in the GS1 Electronic Product Code Information Service (EPCIS) and Core Business Vocabulary (CBV), GS1 Standards that enable trading partners to share information about the physical movement and status of products as they travel throughout the supply chain – from business to business and ultimately to consumers.

EcoVadis's insight:

More and more regulations are being released to encourage companies in specific sector to be more transparent in their supply chain. How transparent are you in your supply chain?

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