Enablers and barriers for supply chain finance investments in Pharma 4.0: a study in the Indian context using total interpretive structural modelling

Jude Jegan Joseph Jerome, Vandana Sonwaney and O.N. Arunkumar

International Journal of Revenue Management, 2024, vol. 14, issue 2, 95-126

Abstract: In this study, we examine the conditions that surround the investment made into Pharma 4.0 by the supply chain finance institution. This study analyses the various enablers and barriers that would affect the implementation of Pharma 4.0, through the investment by an SCF institution, in the Indian pharmaceutical manufacturing firms. To establish the linkage between the factors, total interpretive structural modelling is used. MICMAC is used to prioritise the factors and develop suitable strategies. The findings show that a combined effort of all the stakeholders is required for eliminating the barriers to the implementation. The findings also give information about the various enablers that would help catalyse the adoption of Pharma 4.0. This study talks about how SCF investment, usually seen as a short-term investment, can be used with the long-term perspective to gain benefits and incentives through investment in Pharma 4.0 by properly monitoring and controlling the influencing factors.

Keywords: supply chain finance; SCF; pharmaceutical industry; Pharma 4.0 adoption enablers and barriers; total interpretive structural model; total interpretive structural modelling; TISM; MICMAC. (search for similar items in EconPapers)
Date: 2024
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