Application of Change and Risk Management through Covid and Brexit Challenges

The last four years for pharmaceutical wholesalers have been tough, uncertain demand and outcomes, bumpy supply chains, uncertain of the changes in regulations ahead, staff shortages have added to the risks already in the business model. The application of  Change and Risk Management principles when applied rigorously to help companies react to the uncertainties and the opportunities have helped some to thrive. Forward-thinking and looking at everything differently and breaking the built-in tendency to continue with the familiar way of doing things can cause stagnation in the business and increased the risk of failure.  Successful entrepreneurs and businesses embrace risk and often make changes that may not always work but the regular review of the effectiveness of the changes can often nip unforeseen risks in the bud. Insight from reviewing the risks within changes often allows companies to be flexible and seize opportunities that no one else has yet seen. The application of robust change and risk management principles to manage and develop opportunities will ensure a company will survive even in uncertain times. Change and Ricks Management is a fundamental part of any effective Quality Management System “QMS”, Good Distribution Practice “ GDP” and the Cogent Gold Standard Responsible Person training. If you want to learn more or sign up for the Pharmacy Consulting Courses which run every month email, Sally, at training@pharmacyconsulting.co.uk.