Crisis management in the pharmaceutical industry during the COVID-19 pandemic

Latonen, S., Pussila, S., Seeck, H. ORCID: 0000-0001-6209-651X, Airaksinen, M. and Juppo, A. M. (2025) Crisis management in the pharmaceutical industry during the COVID-19 pandemic. International Journal of Disaster Risk Reduction, 125. ISSN 2212-4209

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Abstract

Despite the vulnerabilities of the pharmaceutical industry and its critical role in functioning healthcare systems, no previous crisis management theory–based empirical studies focusing on this field during the COVID-19 pandemic has been published. The present study aims to fill this gap and identify areas for development to improve future crisis preparedness. Organisational crisis management process models provided a theoretical framework. A cross-sectional survey study was conducted during the second wave of the pandemic (October–November 2020). This online survey was developed based on the crisis management process models and sent to managing directors working in the pharmaceutical and wholesale companies (n = 73) in Finland. Descriptive statistics were calculated, and open-field responses were analysed qualitatively using content analysis. Nine semi-structured interviews with industry leaders and managers conducted in March–May 2021 were utilised in data triangulation. The results revealed that crisis preparedness improved concurrently during the pandemic due to increased risk perception, updated preparedness plans and operational changes. Crisis decision-making was made via teams or shared efforts between key persons. Anticipation of and responses to increased demand and stocking, coordination and collaboration among pharmaceutical supply chain stakeholders were identified as key challenges. The study extends crisis management process models to the pharmaceutical industry context and advances this research field by drawing on a novel approach for data collection utilising crisis management process models for survey development. Practical implications for improving future preparedness are suggested.

Item Type:	Article
Additional Information:	© 2025 The Authors
Divisions:	Media and Communications
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management R Medicine > RS Pharmacy and materia medica R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited:	27 May 2025 12:57
Last Modified:	24 Jun 2025 16:42
URI:	http://eprints.lse.ac.uk/id/eprint/128184

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