resin Archives - Medical Design Sourcing

Dri-Air launches MD (MicroDryer) Series

NEWS RELEASE: Dri-Air Introduces the MD (MicroDryer) Series On Display at NPE 2024 – Booth W909

Dri-Air said its MicroDryer compressed air dryers are designed for very low throughputs, with hopper capacity ranging from 1 to 15 lbs. [Photo courtesy of Dri-Air]

East Windsor, CT, February 29, 2024 – Dri-Air Industries, Inc is pleased to introduce a new product series in their extensive dryer line for the plastics industry. Known throughout the industry for their desiccant dryers, Dri-Air is now manufacturing a micro line of compressed air dryers with matching hoppers.

The MicroDryer Series (MD) is a line of sleek, compressed air dryers designed for very low throughputs. The series of dryers start with the MD-1 equipped with drying hoppers with a capacity of 1-3 lbs and range up to the MD-3 with the largest capacity of 15 lbs. Low dewpoints, -40F and below, are assured as the dryer is equipped with a membrane and…

Formerra expands with new Nordic hub in Sweden

NEWS RELEASE: Formerra Launches New Nordic Hub to Power Global Healthcare Innovation

New facility in Malmö, Sweden strengthens support for healthcare customers in Scandinavia and Europe with specialized material solutions.

ROMEOVILLE, Ill. – February 5, 2024 – Formerra, a leader in performance materials distribution, announces the opening of a new warehouse in Malmö, Sweden, marking a significant step in its global expansion strategy. The modern facility will support existing customers with an emphasis on serving the growing production demands of medical device and equipment production in Europe.

The new Nordic hub underscores Formerra’s commitment to providing tailored solutions to customers where needed in support of meeting the stringent requirements of the healthcare industry. By pairing an expansive portfolio of products from leading suppliers with its expertise in REACH certification and US-manufactured medical-grade materials, Formerra is uniquely positi…

Supply Chain EVP Greg Smith sees fewer suppliers in Medtronic’s future

Greg Smith is Medtronic’s EVP of global operations and supply chain [Photo courtesy of Medtronic]

All eyes are on Medtronic’s global operations and supply chain leader as he works to modernize its operations and scrutinize suppliers.

EVP of Global Operations and Supply Chain Greg Smith sees fewer suppliers in Medtronic’s future, he said in an interview this week.

Smith spoke with DeviceTalks Editorial Director Tom Salemi in his first published interview since joining Medtronic (NYSE:MDT) in April 2021.

Smith was previously EVP of U.S. supply chain at Walmart and SVP of global operations at Goodyear Tire & Rubber Co. His more than three decades of experience also includes time at ConAgra Foods, United Signature Foods, VDK Frozen Foods and Quaker Oats.

Around the same time that he joined Medtronic, semiconductors and resins were in short supply following the February 2021 cold s…

Medtronic supply chain chief Greg Smith on shortages, suppliers and strategy

Greg Smith is Medtronic’s EVP of global operations and supply chain. [Photo courtesy of Medtronic]

The heat is on for Medtronic’s global operations and supply chain leader as he forges new links with suppliers the company relies on for innovation, quality and reliability.

For much of his 36-year career in operations, Greg Smith has had to explain to family and friends what the supply chain is and what his job is all about.

“I don’t have to do that anymore,” he said.

It’s no wonder why. Examples of supply chain SNAFUs have intruded on nearly all aspects of our everyday lives since the start of the COVID-19 pandemic, from shortages of masks, test components and toilet paper in the early days to persistent bottlenecks in semiconductors, resins and the many medical and consumer products that use them.

Smith is EVP of global operations and supply chain at Medtron…

‘Catastrophic explosion’ and resin shortage led Medtronic’s supply chain problems

Medtronic CEO Geoff Martha [Photo courtesy of Medtronic]Medtronic CEO Geoff Martha today said a “catastrophic explosion” in Medtronic’s supply chain for packaging and a shortage of resins were the biggest issues hurting the company’s fourth-quarter performance.

Fridley, Minnesota-based Medtronic (NYSE:MDT) reported about $350 million less in sales than analysts were expecting for the quarter, which ended April 29.

Martha said about 75% of the miss was caused by supply chain issues, 15% by the COVID-19 lockdown in China and the last 10% due to foreign exchange rates getting worse.

Supply chain struggles “came out fast and hard” in the fourth quarter across the company’s businesses, but were most pronounced in Surgical Innovations (SI), Martha said.

Get the full story at our sister site, Medical Design & Outsourcing.

‘Catastrophic explosion’ and resin shortage led Medtronic’s supply chain problems

Medtronic CEO Geoff Martha [Photo courtesy of Medtronic]

Medtronic CEO Geoff Martha today said a “catastrophic explosion” in Medtronic’s supply chain for packaging and a shortage of resins were the biggest issues hurting the company’s fourth-quarter performance.

Fridley, Minnesota-based Medtronic (NYSE:MDT) reported about $350 million less in sales than analysts were expecting for the quarter, which ended April 29.

Martha said about 75% of the miss was caused by supply chain issues, 15% by the COVID-19 lockdown in China and the last 10% due to foreign exchange rates getting worse.

Supply chain struggles “came out fast and hard” in the fourth quarter across the company’s businesses, but were most pronounced in Surgical Innovations (SI), Martha said.

“It was three things,” Martha said. “It was semiconductors, which is affecting every…