Supply Chain: Medical Device Industry Impact And Evolution

The problems presented by the pandemic have created unforeseen and unique issues with the supply chain, including getting parts and supplies, as well as finished products, to their intended destinations. The pandemic has created issues with the production of important components such as microchips and electronics. In addition, the pandemic created a backlog and increased lead times for critical materials. This has also led to inflationary costs of raw materials and labor, and at times, raw material providers prioritized other markets due to their size, thus increasing delays.

Like many in the medical device and component industry, Flexan has had to find new ways to help their customers bring products to market, and come up with strategic solutions to combat supply chain disruptions. Let’s look at how this problem has affected the medical device world and then discuss how we have adapted. In the meantime, if you want to discuss this with us one-on-one, just contact us today.