LogiPharma Day 2: Key Insights from AbbVie, Overhaul and More

Live from Lyon! The buzz on-site was electric as LogiPharma 2024 entered its second day. After a morning of exciting podcast recording (follow The LogiPharma Podcast on Spotify to stay updated) our WBR Insights content team were thrilled to attend yet another incredibly insightful session, and this one did not disappoint.

One thing that supply chain leaders are constantly battling is how to strike the perfect balance between risk mitigation and operational efficiency. Moderated by Bart Schulman, Executive Vice President at Overhaul, the session featured industry legends Simona Vatzova, Head of Logistics at Unilabs, and Patrick Kenefick, VP Global Logistics & Distribution at AbbVie.

Since the beginning of the COVID-19 pandemic, being prepared for uncertainty has not been a want but a need. With this in mind, it is no surprise that there wasn’t a spare seat for this panel discussion.

Protecting Patients, Preserving Brands: A Balancing Act

The conversation centered on the ever-present challenge of ensuring patient safety while safeguarding brand reputations. The panelists emphasised the importance of proactive risk management strategies. Implementing robust quality control measures throughout the supply chain is key to preventing potential safety issues.

The discussion delved into the very real challenges posed by rising global logistics costs, exacerbated by the ongoing conflict in Ukraine and inflationary pressures. The panelists identified collaboration as a powerful tool for navigating these uncertainties. By working closely with partners and other producers, companies can leverage collective resources and negotiate better shipping rates while maintaining a secure supply chain.

Live and Anonymous Benchmarking: Unveiling Industry Trends

A unique aspect of the session was the incorporation of live and anonymous benchmarking. Attendees were able to anonymously share data on how their organisations are managing rising costs. This real-time data provided valuable insights into industry trends and allowed participants to compare their strategies with peers.

Key Takeaways:

• Proactive risk management is crucial for ensuring patient safety and brand protection.
• Collaboration with partners and other producers is key to navigating rising logistics costs.
• Anonymous benchmarking allows companies to understand industry trends and assess their own strategies.

The mood was high and everyone arrived at their masterclasses with an extra wave of knowledge to bring back to their planning teams. As always Will Robinson has delivered a stellar agenda that brings together the best in the industry and offers the solutions to the challenges on everyone's mind.

What better way to wrap up day two than at the world-famous LogiPharma afterparty? The stunning riverside venue offered breathtaking Saône River views, delicious food and drinks, and live music to keep the party going before the third and final day begins.

Feel like you're missing out? Join us at LogiPharma Connect live from Switzerland in November!