Can Near-Shoring Pharma Raw Materials Reduce Risk?

Near-shoring is not a replacement of Global Sourcing. It's all about building a more resilient pharmaceutical supply chain. Near-shoring can help to mitigate risk by shortening lead times, increasing supplier transparency, enhancing compliance monitoring, and mitigating geopolitical risk. A combination of near-shoring with supplier diversification and procurement intelligence, however, offers the best approach. Companies with access to trusted pharma raw material suppliers and a variety of sourcing options are more likely to be ready for future disruptions and able to keep their production lines running.
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