India has emerged as one of the world’s fastest growing pharmaceutical markets over the past decade. The market size is expected to grow to US$ 100 billion by 2025, driven by increasing consumer spending, rapid urbanization, and raising healthcare insurance among others. Pharma sector’s revenues are expected to grow by 9% year-on-year through 2020. Going forward, better growth in domestic sales would also depend on the ability of companies leverage effective supply chain strategies.
Pharmaceutical companies spend one-third of their revenue from supply chain management (SCM) activities due to inherently poor transportation infrastructure. SCM is a vital function for many companies, as it is usually employed to lower expenses and increase sales for the company.The primary objective of this summit is to highlight the strategies, practices and tools in place to enable organizations to boost their supply chain procedures and achieve competitive advantage. The pharma SCM Summit has a legacy of being India’s largest Pharma Supply Chain Event, which brings together Pharma SCM fraternity. Attended by decision makers, regulators and policy makers and influencers.