March 13, 2023 | Supply Chain Strategy read
March 11, 2023 | Supply Chain Strategy read
February 23, 2023 | Supply Chain Strategy read
Many businesses have successfully countered the ongoing challenges and supply disruptions. They have managed to not only survive but have also built the much-needed resilience.
Have they acted differently from others?
The answer is innovation.
Today, organizations must look to innovate to remain competitive and resilient. And this requires a shift in mindset, strategy and overhaul of processes.
In fact, accelerated innovation is key to thriving in the new normal. It can enable organizations to move quickly and stay ahead of the competition.
February 21, 2023 | Procurement Strategy read
Heading into Q1 of 2023, R&D spend continues to climb, in spite of pressure to reduce costs, shrink budgets and improve margins. R&D spend in the life sciences industry was expected to hit $2.5 trillion by the end of 2022, a 5.5% increase over 2021 levels.
There are some market headwinds that may impede the pace of innovation, including high financing costs due to inflation or competition pressure from generics as a result of patent cliff.
February 17, 2023 | Supply Chain Strategy read
The medical device supply chain involves activities and processes for the delivery of medical devices from the point of manufacture to the point of use. From medical devices that require delicate handling to protect from breakage to ones that require critical handling due to high risk of infection from contamination, the supply chain is naturally complex and is subject to a variety of challenges, including supply chain disruptions to cost overruns.
