The COVID-19 pandemic has led to an increase in demand for active pharmaceutical ingredients (APIs) and drugs, with several countries even banning the export of essential drugs.
GlobalData has conducted a survey to assess how the coronavirus (COVID-19) pandemic is affecting import/export and supply chain risks related to finished dose and APIs in the third quarter (Q3) of 2020, compared to the first quarter (Q1).
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Analysis of the survey responses shows that an increasing number of companies are expecting only a minor risk to imports/exports. The respondents expecting just a minor risk increased from 43% in Q1 to 52% in Q3.
Import/export and supply chain risks related to finished dose and APIs
On the other hand, the companies expecting a major risk to API and key materials imports/exports from the pandemic dropped from 35% in Q1 to 32% in Q3.
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By GlobalDataSimilarly, a lesser 8% of the companies in Q3 opined that coronavirus posed a major risk to finished dose and product exports/imports, compared to 14% Q1.
The percentage of companies that anticipated no risk to imports/exports remained unchanged for both the quarters at 8%.
The analysis is based on responses received from the Pharmaceutical Trade and Supply Chain Survey between 07 July and 30 July 2020.
