Creating a Robust and Resilient Medical Products Supply Chain
Opportunities to increase market share will increase when companies are pre-positioned for growth in a resilient and scalable way.
Medical Supply Chain Optimization: The Solution to Non-Stop Disruptions
Volatility, uncertainty, complexity, and ambiguity (VUCA) have plagued medtech’s supply chain since the pandemic. Drug shortages last year hit their highest levels in a decade, with 99% of hospital and health system pharmacists experiencing medicinal dearths, according to an American Society of Health System Pharmacists (ASHP) survey.
Red Sea Pharma Crisis Pushing Logistics Advancements: Lisa Anderson Quoted
Companies need to navigate the stormy waters of the Red Sea amid Houthi threats and global supply chain challenges The United Arab Emirates (UAE) has established itself as a critical hub in the global pharmaceutical supply chain, attracting major players like Sanofi, Novartis, and Pfizer. This prominence is due [...]
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain GallerySupporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
In The News, Manufacturing, Manufacturing Scalability & Resource Planning, Media, Supply Chain (End-to-End), Supply Chain Transformation, Optimization & Collaboration
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
The medical device market is expected to grow by almost $178 billion from 2023 to 2027 according to Technavio. Moreover, a Fortune Business Insights Analysis estimates the market to reach $799 billion by 2030. With such significant growth, manufacturing and supply chains must scale and mitigate risk to ensure supplies to customers and patients.
Medtech’s Supply Chain: Global Risks Driving Regional Manufacturing
COVID-19 may no longer be a significant public health threat, but the global supply chain remains chock full of risk. The threats are seemingly everywhere these days: The Israel-Hamas war, which is sabotaging trade routes in the Red Sea; extreme drought, which is curtailing shipping in the Panama Canal, and China’s military aggression, which is threatening lawful commerce in the South China Sea.
Strategies for Gaining Packaging Efficiencies in Your Supply Chain
Since packaging is typically 10-40% of the retail price of products, there is no doubt it adds up to a relevant factor in product cost and waste.
Regional Manufacturing in the Medical Supply Chain
The supply chain has calmed down since the height of the pandemic; however, smart manufacturers are thinking ahead to changing conditions. Geopolitical risks are at an all-time high.
Supply Chains in Healthcare: Vulnerability A Matter of Life and Death
Lisa Anderson of LMA Consulting Group was quoted in the Snowflake blog about how data is critical to healthcare - especially in times of supply chain vulnerability as a result of natural and man-made disasters.
Medtech’s Supply Chain: From Disruption to Opportunity
Although the supply chain challenges have abated since the COVID-19 pandemic, disruptions continue to persist and risks have increased. VUCA (volatility, uncertainty, complexity, ambiguity) has increased substantially in the world, negatively impacting the safety, security, and reliability of the supply chain.
Scheduling Best Practices to Improve Service & Performance
The best companies focus on production scheduling. Even though Production Schedulers aren't typically highly paid positions, the function will make or break your ability to serve customers, improve operational performance and accelerate cash flow. Thus, it should be a key priority if you want to achieve profitable growth.