Last month, I wrote an article on how medical device manufacturing had a really good year. Medical device manufacturing has rebounded back from COVID-19 in 2021. This was reflected by the strong uptick in merger and acquisition (M&A) activities among outsourcing providers. According to GlobalData’s Medical Devices Deals Database, the total value of the deals in this field reached a record high of $1.6bn this year.
The Manufacturer recently wrote an article on how the medical device manufacturing industry can manage supply chain issues. At Polestar, we are currently handling many deals in the healthcare space, so this article can provide some tips for our clients on how to focus on their supply chains.
Here are the important takeaways from the article:
For an industry that cannot replace their products instantly, it is important to manage supply chain expectations accordingly. Many of our clients are in the healthcare space so hopefully this blog post gave some new ideas on how to manage stock and supplies.
As we move into a post-COVID era, supply chains gradually start to adjust to the new normal. But it is never a bad idea to be prepared – you never know what can happen in the future. Hopefully, COVID’s supply chain issues will be a lesson learned in planning tomorrow!
At Polestar, an important sector that we cover is healthcare. If you would like more details in this space, or need help on growing your business, please reach out!
With the worry that COVID-19 could continue disrupting supply chains, manufacturers should take the time to implement a good obsolescence management plan