Creating a Robust and Resilient Medical Products Supply Chain

The medical supply chain remains at heightened risk levels. For example, according to an American Society of Health System Pharmacists (ASHP) survey, drug shortages last year hit their highest levels in a decade, with 99% of hospital and health system pharmacists experiencing shortages. This shortage situation is expected to remain the same or worsen according to a Premier Inc. survey. In addition to ongoing shortages, geopolitical, cyber, and other supply chain risks are at a red alert level, creating volatility and uncertainty in the supply chain. Thus, forward-thinking companies are creating a robust supply chain so that they can take advantage of the opportunities left behind by weaker competitors.