CPHI Pharma Index highlights the importance of international partnering
Survey results reveal 84% of the industry is actively searching for new partners.
Ahead of the CPHI Festival of Pharma (5-16 October 2020), the CPHI Pharma Index shows only Italy and India have improved their score in 2020, with the majority of industry executives looking for new supply chain partners.
The Index – an aggregated confidence score across the five main small molecule categories (API production quality, finished dose production quality, growth potential, overall competitiveness, and innovativeness) in each of the largest economies – compiled the findings from more than 550 executives and sees an overall decrease of 0.86% in score across all nations for the first time.
This is perhaps no great surprise given the global impact of COVID-19. Despite this, the Index shows that overall, pharma is in a strong position; globally, the industry has weathered the impact of the pandemic well.
Many leading pharma economies have again scored strongly in ‘innovation’ and ‘pharmaceutical quality’ and the slight fall on 2019 results reflects reduced confidence in growth rather than quality.
The major exception to the overall trend is Italy, which has seen a dramatic increase of nearly 6.3% in overall score, with its API industry widely perceived to be a primary beneficiary of global shifts in ingredient sourcing strategies.
China’s overall score has fallen (5.9%) for the first time, but the report predicts a likely dramatic bounce back in 2021, citing a gradual shift towards a pharma economy led by domestic – not international – sales.
"The scores reflect a very strong industry and a growing industry. The year-on-year score decrease is a reflection of the strength of the 2019 results, and this slight fall still points to very positive outcomes (as scores are high across all categories), particularly in the medium- and long-term,” commented Cara Turner, Brand Director at CPHI Festival of Pharma.
A particularly notable finding from the executive survey is that global pharma executives have shifted focus towards securing increased supply side partners, with 84% of the industry actively searching for new partners.
Interestingly, the starting materials maket remains ambivalent as to whether it would be beneficial to bring these home to domestic markets - 48% of respondents believe domestic production is ‘desirable’.
“What our global pharma surveys show is that the pandemic has increased the importance of finding new international partners and improving supply chain contingencies,” added Turner.
News CPHI North America Anniversary Ball – celebrating The Art of PharmaThis year marks the 5th anniversary of CPHI North America regional events. To celebrate this remarkable achievement, the CPHI show team hosted The Art of Pharma Anniversary Ball at the illustrious Philadelphia Museum of Art, with a keynote speech from ...
News CPHI North America 2023 – From the FloorFollow along for live updates from the Content team as we bring you the latest from CPHI North America 2023 - from session talks, panel discussions, interviews, and more, there's a lot to discover with CPHI Online at the Pennsylvania Convention Cen...
News Pharmapack 2023: exhibitor interview - Tjoapack on emerging packaging trendsAt Pharmapack Europe 2023, we spoke to some of our exhibitors about the products they were showcasing at this year's event, and asked for their insights into the packaging market for the year ahead.
News CPHI Frankfurt: Interview with Marcelo Cruz, Vice President, Business Development & Marketing at TjoapackIn this series of interviews, we caught up with some of the exhibitors at CPHI Frankfurt to discover what innovations are being brought to the pharmaceutical industry this year. Here we chat with Marcelo Cruz of Tjoapack to discuss how global events ar...
News CPHI Frankfurt 2022: Innovator Interviews – BioibericaIn this series of interviews, we speak to the companies on the CPHI Frankfurt show floor who are driving innovation in pharma for a better healthcare future. We caught up with Mónica Gómez Navarro (Marketing Manager Branded Ingredients), ...
News CPHI Frankfurt 2022: Innovator Interview – Procaps GroupIn this series of interviews, we speak to the companies on the CPHI Frankfurt show floor who are driving innovation in pharma for a better healthcare future. We interviewed Rosella Del Vecchio Herrera, Marketing Director at Procaps Group, to discover h...
News From the floor - CPHI Frankfurt 2022The live blog from the people on the ground at CPHI Frankfurt - covering all stand-out news, memorable moments, and keynote updates from the 2022 event.
News How to Commercialise an Advanced Therapy: Connect to Frankfurt on-demandIn this Connect to Frankfurt session, Andrea Zobel, Senior Director, Personalized Supply Chain at World Courier (Berlin Germany), Melissa Lattanzi, VP Emerging Therapies at AmerisourceBergen (King of Prussia, USA), and Hans-Peter Scherzer, Customer Suc...
Position your company at the heart of the global Pharma industry with a CPHI Online membership
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
Generate high-quality, engaged leads for your business, all year round
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
Your company’s profile boosted at all participating CPHI events
An easy-to-use platform with a detailed dashboard showing your leads and performance