Digitalization of Procurement and Supply Chain Functions in Life Sciences - with Vickram Srivastava of SUN Pharmaceuticals

In this podcast episode, the conversation centers on the evolving challenges and opportunities in pharmaceutical supply chain management. Vikram Sivastava, who leads North American supply chain operations at Sun Pharma, sheds light on how the global supply chain has become more complex in the aftermath of COVID-19. He emphasizes the vital role of AI and Industry 4.0 technologies in enhancing resilience and efficiency. Sivastava promotes an integrated business planning approach, harnessing AI to provide real-time insights throughout the entire value chain—from sourcing raw materials to delivering drugs—ensuring that life-saving medications reach patients without delay. The dialogue also explores how data mining procurement data can yield valuable business intelligence and highlights the necessity of risk mitigation strategies, such as nearshoring and developing alternative vendors.