Sustainable Procurement Practices in the Global Pharmaceutical Industry

DOI: https://doi.org/10.63345/ijrmp.org.v8.i5.2

Rahul Jain

Independent Researcher

Abstract

The pharmaceutical industry, characterized by complex global supply chains and stringent regulatory frameworks, faces mounting pressure to adopt sustainable procurement practices. This study examines the evolution and current state of sustainable procurement within the global pharmaceutical sector, exploring drivers, challenges, and benefits. Drawing on literature published up to 2018, the research identifies critical factors influencing sustainability in procurement processes, including environmental responsibility, ethical sourcing, and social accountability. A mixed-methods approach, incorporating case studies and survey data, highlights both the strategic importance and operational challenges of implementing sustainable procurement practices. Findings reveal that while regulatory requirements and stakeholder expectations drive progress, significant gaps remain in integrating sustainability into procurement decision-making. The study concludes with recommendations for industry leaders to enhance sustainability performance through targeted policy interventions and collaborative practices.

Keywords

Sustainable procurement, pharmaceutical industry, global supply chains, ethical sourcing, environmental sustainability, social responsibility.

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