Deloitte's 2025 Life Sciences Outlook highlights the sector's potential for transformation, driven by digital advancements and scientific innovations. Additionally, KPMG's 2024 CEO Outlook indicates that 78% of CEOs are confident in their company's growth prospects.
As the pace of change and disruption accelerates, a disconnect has emerged between the lofty ambitions of organisations and the readiness of their workforces to meet them. Gaps in leadership capability and succession pipelines, coupled with a lack of digital skills and retention challenges, create the perfect storm.
In this environment, organisations need more than agility - they need resilience built into their workforce strategy.
Wellbeing, leadership & the human cost of change
Biologics manufacturing capacity increased tenfold in 2024, with an additional 34% forecasted by 2028, and the Biopharma market is expected to reach $1.7 trillion 2030. As global competition for biopharma talent intensifies - the pressure on people is mounting. While inflation is easing, the cost of living remains stubbornly elevated, eroding employee wellbeing and shifting workforce expectations. A large cohort of the world’s employees continue to struggle at work and in life with direct consequences for organisational productivity.
“Global employee engagement has stagnated, and overall wellbeing is declining,” – Gallup, 2024.
Managers, who are pivotal to team performance, are increasingly overwhelmed. According to Gallup, “70% of team engagement is determined solely by the manager, yet 75% of HR leaders report that managers are struggling under the weight of expanding responsibilities". This decline in employee wellbeing is not just a personal or community concern - it’s a business risk that directly affects productivity, retention and long-term success.