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Pharma Supply Chain and Globalization in the Face of the COVID-19 Pandemic: A Review

In: Flattening the Curve COVID-19 & Grand Challenges for Global Health, Innovation, and Economy

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  • Philippe Gorry

Abstract

With the COVID-19 pandemic, governments around the globe discovered the vulnerability of the pharma supply chains (PSCs). In this review, we describe the nature of disruptions that occurred and the political debates. Then, we examine some features of the demand in pharmaceuticals: the evolution of the health market, drug supply shortages, and the access to essential medicines. After some reminders about the organization of the pharmaceutical industry and drug manufacturing, we analyze the characteristics of the supply of pharmaceuticals and the trends of the pharma globalization value chain (GVC). Finally, we discuss policy proposals to circumvent the disruption of PSCs in times of crisis, including stockpiling, improving the resilience of the PSCs, protecting the industrial commons, and relocating manufacturing plants. In conclusion, we draw a research agenda for economists and a political agenda for governments.

Suggested Citation

  • Philippe Gorry, 2023. "Pharma Supply Chain and Globalization in the Face of the COVID-19 Pandemic: A Review," World Scientific Book Chapters, in: Chirantan Chatterjee & Anindya S Chakrabarti & Anil B Deolalikar (ed.), Flattening the Curve COVID-19 & Grand Challenges for Global Health, Innovation, and Economy, chapter 9, pages 237-265, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811262739_0009
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    More about this item

    Keywords

    COVID-19; Pandemic; Health Economics; Innovation; Economic Development; Sustainability;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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