PHARMACEUTICAL INDUSTRY

Pharmaceutical Industry

Pharmaceutical Industry

Pharmaceutical Industry has been facing critical issues in the past due to excessive competition and low margins. In such conditions, companies have made use of globalization to their own benefit. With the help of outsourcing, they buy raw material at a very low price, which helps to maintain their competitive advantage over others.

Globalization means increased interconnectedness, the expansion and deepening of various social, economic and political, the growing interdependence of all societies together, promoted by increased financial flows, financial and communications. Globalization has benefited from the explosive development of two sectors, considered the mainstays of modern society: the ...