SUPPLY CHAIN RISKS IN THE PHARMACEUTICAL AND CHEMICAL INDUSTRY

Firstpolicy101 Dec, 2023Fashion

From health systems to research operations, the Chemical and Pharmaceutical industry holds great significance in supplying drugs, chemicals, raw materials, and medicines. This pharmaceutical and chemical supply chain is exposed to several risks which have given rise to the need for relevant insurance in India. Before finding the solution, a clear understanding and assessment of the potential risks are important. Since this sector is growing vigorously, the companies are expanding their supply chains being manufacturers and providers. The complexities in this expansion also open doors to more risks.