An explosion at a chemical plant in China that killed 62 people not only exposed weaknesses in China’s safety oversight but it also exposed weaknesses in the global ingredient supply chain. The disruption from the blast has exacerbated shortages for Swiss pharma and chemical supplier Lonza.
This really makes you wonder. How secure is your raw material supply chain? How significant would a disruption be towards meeting your corporate goals? Is it time to build a thorough and rational contingency plan to ensure raw material supply doesn't halt years of scientific progress?