Tag: UPS

Targeting top supply chain decision makers in the pharmaceutical, medical and surgical device and biotech industries, UPS’s 2008 “Pain in the (Supply) Chain” survey reveals that regulatory compliance and industry competition top the list of healthcare company concerns.

The survey also found “global market access” emerging as the area companies need the most help addressing. Global market access is a major focus area for healthcare companies seeking to take advantage of lower-cost sourcing opportunities and penetrate fast growing, emerging consumer markets.

When asked about supply-chain specific concerns, companies ranked managing and containing supply chain costs as the number one concern. Sixty percent of companies reported they were “very concerned” or “extremely concerned” about the potential impact of supply chain costs on their business.

The vast majority of survey respondents planned to make changes to their supply chain models in the near future. Among the immediate changes companies planned to make are: expanding their distribution channels; outsourcing more supply chain functions; working with third-party logistics companies, and increasing their supply chain spending.