The Drug Quality and Security Act (DQSA) was enacted by Congress on November 27, 2013. Title II of DQSA, the Drug Supply Chain Security Act (DSCSA), outlines steps to build an electronic, interoperable system to identify and trace certain prescription drugs as they are distributed within the United States. This is essential to enhance the FDA’s ability to help protect consumers from exposure to drugs that may be counterfeit, stolen, contaminated, or otherwise harmful. The system will also improve detection and removal of potentially dangerous drugs from the drug supply chain to protect U.S. consumers.
As shortages across the supply chain continue to capture global attention, some are turning to 2022 with higher expectations. For manufacturers, this could be the time and opportunity to shore up and tech enable operations end-to-end, investing in technology to expand production capabilities and open the way to an adaptable future.
For companies who are looking to boost their security frameworks, many are turning to cloud-based solutions, such as an ERP software suite of applications, which already offers increased layers of protection and risk mitigation that employs a security-first approach with automated checks and layers to the system. In partnership with the service provider, companies who implement security monitoring and access controls can ensure access to applications hosted in the cloud remain secure. The flexibility of the cloud makes it more functional to connect various networks together and layer in security throughout, rather than having separate systems that are difficult to maintain and track on one centralized platform.
The National Retail Federation (NRF) is anticipating that retail sales will grow between 10.5% and 13.5% to more than $4.44 trillion this year as the economy accelerates its pace of recovery.
While the retail industry is seeing a resurgence of in-person traffic in recent months, the pandemic has proven that consumer adoption of e-commerce isn’t going away. The pandemic has produced a larger technological shift, leading to a surge in e-commerce sales that are driven by online and mobile device shopping, ordering, and payment. After years of evaluating the demand for online shopping versus traditional brick-and-mortar, hybrid shopping that includes Buy-Online-Pickup-In-Store (BOPIS) and same-day delivery has had a significant impact on retail brands’ reliance on these strategies.
For companies who are sustaining working-from-anywhere models, security, cloud, and mobile technology will be the key aspects of the future of Enterprise Resource Planning (ERP) and access to it will remain a critical capability in allowing workers to do their jobs as if they are in the office, from anywhere. The ability to successfully operate and monitor your business in any kind of remote structure relies on the security, accessibility, standardization, and communication provided by your IT infrastructure and ERP software. Shoring up your security defenses, operating in a cloud environment, and utilizing mobile technology will take your ERP software to the next level and optimize its capabilities including for remote workers.
Online and mobile shopping are likely the primary purchase channels for many brands today. In a recent article in Industry Week, I shared thoughts on why (despite supply chain shortage challenges for certain products over the past year) the focus on e-commerce strategies was strong throughout 2020, is expected to increase through the remainder of 2021, and continue to shift the purchasing landscape moving forward. Economic uncertainties resulting from the COVID-19 pandemic, especially throughout the supply chain, has made supply and demand tracking a difficult task, and in some cases has impacted shipping and delivery times.