Strategic Alliances in life sciences
How to unlock the full potential with your suppliers
Ever increasing R&D costs, evolving regulatory changes and patent expiry are just some of the challenges the life sciences industry is facing today.
Any one of these challenges causes stress but having to face any or all of them simultaneously may potentially lead to fundamental changes in the existing business and supply chain models. Entering into strategic alliances with suppliers presents and attractive solution when coping with these challenges.
The life sciences industry is under pressure to adopt new forms of collaboration in its supply chain – establishing strategic alliances may be the answer. Deloitte defines strategic alliances as third party business relationships that share risks and rewards through enhanced collaboration between otherwise independent organisations.