All rights reserved. ", He adds procurement is often focused on reacting to supply challenges as they appear, but medical equipment companies and other manufacturers that rely on semiconductor and electronics component suppliers can instead use data intelligence to get a broader view of what’s happening in their supply chains so they can build resilience into these solutions upfront, “Supplyframe’s Design-to-Source Intelligence Platform provides billions of continuous demand, intent, supply, and risk signals within the supply chain," Flagg says. Global Medical Supply Chain is a leading Middle Eastern Healthcare Logistics and Medical Consumables Supply company based in Abu Dhabi, United Arab Emirates. The survey gathered supply chain professionals’ sentiment during a year in which global value chains have been profoundly impacted by the pandemic, and … “While these are sound options, they are merely goals without any kind of data or intelligence to empower real changes. Our Medical Supply Chain Services can provide your business with End-to-End, fully scalable Supply Chain Solutions. The survey identified the top medtech supply chain risks to be supply shortages (15%), lack of alternatives (12%) and delays in production issues (12%). The survey gathered supply chain professionals’ sentiment during a year in which global value chains have been profoundly impacted by the pandemic, and businesses in healthcare and manufacturing saw increased risk as a result. Thu from 07:00 AM to 02:00 PM To be the Middle East’s leading provider of Medical Consumables and Medical Logistics Services, To deliver sustainable values and competitive advantages to each customer by promoting an innovative and best in class Products and Services, Communications – Teamwork – Integrity – Customer Services. Our aim is to provide the right world class medical and pharmaceutical products at the right time at the right … 16% recommend a supply chain redesign to source locally. As a result, manufacturing companies can lower the potential for shortages, increase their profitability, and enhance their longevity, resiliency and success.”, How to Reduce Maternal, Infant Health Risks During COVID-19, Secondary Progressive Multiple Sclerosis: Patient Impact and Coverage Implications for New Therapies. Until we embrace this digital transformation, the industry will continue to face challenges. The study shares where the industry stands, what concerns still remain, and how to best build capacity in response to the global COVID-19 pandemic. Email: tenders@gmshm.ae Phone: +971 2 4036666, Sun-Tue from 7:00 AM to 3:00 PM GMSC is fully Emirati-owned and runs Supply Chain Operations for Hospitals and Clinics across the Middle East.GMSC accumulated experience gives us a deep understanding of the regional Healthcare Logistics landscape. The MarketWatch News Department was not involved in the creation of this content. And the global community needs to ramp up its ability to deal with the crisis itself and turn to its medical suppliers to provide for the tools needed to deal with this crisis. End to end, fully scalable supply chain services. Our Medical Supply Chain Services can provide your business with End-to-End, fully scalable Supply Chain Solutions. The study captures a snapshot of where the industry stands, what concerns still remain, and how to best build capacity in response to the global … Nov 26, 2020 (The Expresswire) -- Global “Medical Practice … To further explore gaps in the public health response supply chain discussed … Global Medical Solutions is positioned to provide healthcare-specific supply chain solutions delivered by our experienced international healthcare supply chain professionals. “While the MedTech sector is among the hardest hit by the global pandemic, resulting in historic demand spikes and equipment shortages, it is also characterized by unparalleled innovation and collaboration from people around the world,” Steve Flagg, CEO of Supplyframe, says in the release. To prepare for the next pandemic or natural disaster: “Establishing a trusted network of suppliers who can quickly adapt to shifts in demand and availability is a critical theme of this study,” adds Flagg. The National Academies’ Committee on Security of America’s Medical Product Supply Chain will host its second meeting and a public workshop from December 1-3, 2020.. Fresenius Medical Care provides high quality dialysis products and services worldwide. “With the pandemic still a reality in our day-to-day lives, it is clear that a new approach to supply chain planning and collaboration is required.”. Adress: P.O. All rights reserved. The global medical supply chain is not immune to COVID-19 People work on the production line of SARS-CoV-2 testing kits in a biopharmaceutical company in Nantong city in east … Global Medical Supply Chain is a leading Middle Eastern Healthcare Logistics and Medical Consumables Supply company based in Abu Dhabi, United Arab Emirates. Our suppliers play an important role in providing optimal care for our patients and they contribute to our sustainability efforts. Wed from 07:00 AM to 5:00 PM The vast majority (74%) of respondents predict a recovery could take a year or longer, while a small percentage believe we are either back at full capacity, or that we will never reach that point again. But one small problem: The West has outsourced its medical supply … Pandemic prompts supply chain to focus on reducing risk, building resilience; concerns remain about data accuracy. Conceptial Inc. conducted the research on behalf of Supplyframe between August and September of 2020. An overwhelming 92% of survey participants emphasized the importance of accurate COVID-19 case data to correctly forecast demand requirements and inform manufacturing efforts. Objectives for the public workshop include the following: WellPharma is a state of the art I.V. “New risks and uncertainty require new ways of making decisions, including looking outside of the traditional medical supply chain.”. Supplyframe recently announced results of a medical device supply chain study, which indicates a gradual path to recovery for the MedTech industry over the next 18 months, according to a release. This research is based on a survey of 200 supply chain professionals who work at medical device companies based in North America. Efgan Dengur - YHL Director BD, Ashraf Radwan – CEO Yas Healthcare, Robert Wessman – Chair & CEO of Alvogen/Alvotech, Murshed Al Redaini – YHL Group CEO and Anil Okay VP BD Alvogen/Alvotech announce Yas Holding and Alvotech partnership at the Convention of Pharma Industry in Frankfurt Germany, 5 Nov 2019. As a global healthcare company, we understand the responsibilities that come with managing a complex supply chain. © 2020 MJH Life Sciences™ and Managed Healthcare Executive. GMSC offers tailor-made Medical Supply Chain solutions to ensure that your operations run smoothly. GMSC is fully Emirati-owned and runs Supply Chain Operations for Hospitals and Clinics across the Middle East.GMSC … Leading organisations across the globe are increasingly looking at improving the performance of their supply chains to deliver reduced cost, competitive advantage and better value. 12% endorse restructuring supply chains with second sources. COVID-19 is suffocating the global medical supplies and equipment supply chain. Supplyframe recently announced results of a medical device supply chain study, which indicates a gradual path to recovery for the MedTech industry over the next 18 months, according to a release. The study further indicates agility, new forms of collaboration, and data intelligence as critical elements that will help them adapt to the post-pandemic business landscape. All Rights Reserved. However, 84% expressed worries about how COVID-19 case data is being collected and reported in the U.S. “Looking at these responses, it’s clear that organizations are seeing the importance of demand planning and de-risking the sourcing process,” says Flagg. Increasing the qualifications of multiple suppliers in the product design phase to improve supply chain resiliency was the most frequently cited strategy for mitigating these risks.