
On the dynamic path to digitalization in the pharmaceutical industry, much can be learned from the success stories being published; unravelling the main lessons can provide great value, especially for those starting in the pharmaceutical e-commerce industry. Today, I'll share some of the lessons I've observed.
Every successful transition to the digital world initially relies on having a solid understanding and experience of the offline business, such as inventory management, customer service, and understanding the needs and preferences of customers. This allows for a smooth and well-informed transition to online.
An intelligent initial step could be starting on established platforms (marketplaces) like Amazon. This provides a learning opportunity to understand best practices, from customer and incident management, to contact with transport companies, before venturing to open your own e-commerce.
One of the biggest challenges in this industry is the strict regulation surrounding the online sale of medicines (Spain is an example), especially those requiring medical prescriptions. This is not only an obstacle, but an opportunity for specialization in less regulated niches like dermocosmetics, allowing companies to compete in the digital market and offer differential value. Some less-regulated categories are cosmetics, supplements, and orthopaedics.
These lessons underline the importance of a well-calculated and informed transition to pharmaceutical e-commerce, highlighting adaptability, specialization, and maintaining a connection with customers as pillars in the digitalization of the pharmaceutical industry.