Supply chain issues plague most industries and the medical device industry is no exception. The difficulties are seen on every level, from procurement to labor, sourcing, and logistics. Medical device manufacturers can use ERP to create flexible supply chains that use external data to sharpen demand...
Medical supply wholesalers have seen some growth as they keep in-demand providers equipped, though inflation and supply chain issues led to a downturn in revenue in 2022 and 2023. Hospitals are the largest market for wholesale medical supplies. The scope and scale of hospital care requires an ex...
In addition to basic medical supplies, othermedical equipmentmust be available in an emergency. Items such as batteries must be available and charged.PPEincluding masks, wheelchairs, beds, oxygen tanks, flashlights, etc., should be considered while making disaster plans. Supply chain issues in PPE...
We expect medical device company revenues to continue to be constrained in 2023 due to supply chain issues and increased input costs. Tightening fiscal policy and staff shortages are likely to reduce demand for medical devices in 2023. Medical device manufacturers will pursue an M&A strategy of ...
In the past week, both the executive and legislative branches acted to address medical product supply chain issues. President Biden further increased his vaccine supply goal, invoked the Defense Production Act (DPA) for the first time, and is seeking funds to build two vaccine manufacturing facilit...
The knock-on effects from supply chain issues go in part to the fragility of how American hospitals operate. Many run thin profit margins, meaning that they need detailed data to predict what inventory will be needed at different times. ...
In recent months, medtech companies have learned a lot about their supply chains, as the pandemic exposed vulnerabilities in both supply-chain infrastructure and its performance—leaving many companies reflecting that, “we didn’t know what we didn’t know.” Now that these vulnerabi...
A shortage of IV fluid in the wake of Hurricane Helene is shining a spotlight on the fragility and vulnerability of the country’s medical supply chain. Hospitals were left scrambling after the storm flooded a Baxter manufacturing plant in Marion, N.C.
[the government] overseeing production, so if the production is expected to be unstable because of some other issues, then both the government and the manufacturers stockpile the drug to maintain the stable drug supply chain,” Minister Yu-Kyoung said. “So, in t...
The Administration also announced immediate actions to address supply chain issues, including: Establishing a public-private consortium for advanced manufacturing and onshoring of domestic essential medicine production. Developing novel platform technologies to increase domestic manufacturing capacity for API. ...