Nick Pike, chief revenue officer at Vizibl discusses why pharmaceutical companies aren't only interested in the financial benefits when it comes to collaboration.
Collaboration
In just a few months, Covid-19 has triggered sweeping changes in how the world does business. This massive scale disruption has created a succession of different supply chain issues that many organisations now face. From supplier shortages to logistics and shipment issues, to considering sourcing from alternate suppliers, organisations are having to rethink their approach.
Managing these supply chain issues can be especially challenging for those industries who are not responsible for everything they do, such as FMCG, telcos and pharmaceuticals. Pharmaceutical organisations, for example, often only control 30% to 40% of their destiny, the rest of their business sits in their extended ecosystems of various partners, academics, research laboratories and suppliers. And right now, this sector is in the media spotlight as the importance of and search for a Covid-19 vaccine continues. This has seen many pharmaceutical companies seeking partners and looking to collaborate to find a solution.