An overview of the SWOT analysis in India's pharmaceutical supply chain

Abstract

PurposeThe Indian pharmaceutical industry has contributed significantly to global healthcare by securing superior-quality, inexpensive and reachable medicines worldwide. However, supply chain management (SCM) has been challenging due to constantly shifting requirements for short lifecycles of products, the convergence of industry and changeable realities on the ground. This study aims to identify, assess and prioritize the strengths, weaknesses and opportunities of the pharmaceutical SCM environment in India.Design/methodology/approachThe paper employs a Strength, Weakness, Opportunity, Threat (SWOT) analysis and recognizes strategies to utilize the advantages of the strengths and opportunities, rectify weaknesses and resolve threats.FindingsA variety of strategies that could have a positive effect on the Indian pharmaceutical business are presented. Findings and suggested strategies can significantly advance knowledge, enhance understanding and contribute to the growth of a successful SCM for the Indian pharmaceutical sector.Originality/valueThis paper would act as a roadmap to greater comprehension of the market leaders and market leaders' operating climate. The findings from this study will offer academic scholars and business practitioners deeper insights into the environment of SCM.

Can Drug Price Controls Help Patients Get a Better Deal? A SWOT Analysis

“…Depending on this study's objectives, several environmental scanning methodologies are used including primary and secondary data (27). Environmental scanning approaches have recently been used in higher education (28), healthcare (9), SCM (27), lifestyle changes (29), pharmaceutical (30) and a few other disciplines.…”

“…Furthermore, analysing the external environment allows the industry to discover key events and potential consequences that are outside of its control. Some of the recent use of SWOT analysis can also be seen in SCM (27), tourism (32), environmental management (33), pharmaceutical (30) and aviation management (34). Based on the preceding instances, it is clear that applying SWOT analysis for research and further understanding the DPCs environment through field observation of the Malaysian HSC sector is an exceptional tool choice.…”