Medical device manufacturers can benefit from the technical capabilities, adaptability and medical-sector knowledge of experienced contract manufacturing organizations. [Photo courtesy of Web Industries]
Onshoring — also known as reshoring — can help medtech manufacturers reduce their exposure to a host of new and evolving challenges.Ralph Tricomi, Web Industries Inc.
Medical device manufacturers currently face unprecedented challenges to production and supply chain continuity. Successful onshoring — or reshoring, as it’s sometimes called — can mitigate these risks.
High on the list are the threats of continued global economic shutdowns due to the COVID pandemic, newly emerging pandemics and other global health crises, and geopolitical conflict and instability around the world.
Manufacturers are also dealing with rising transportation and energy costs, labor shortages affecting logistics, man…