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The supply chain for APIs is intricate, often spanning multiple countries and industries. The globalization of API manufacturing has benefits, including cost reduction and access to a broader range of expertise. However, it also presents challenges, such as ensuring a consistent supply of high-quality materials. The COVID-19 pandemic underscored these vulnerabilities, highlighting the importance of supply chain resilience in the pharmaceutical sector.
api in pharma example...
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3. Business Growth For many API producers, offering APIs can result in substantial business growth. By exposing their core functionalities to developers, they can tap into new markets and user bases without the need for additional marketing efforts. This API-driven growth model has been successfully employed by numerous tech giants.
api producers...