Lubrizol Life Science - Health’s Post

📈🏗️🤝 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 & 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐌𝐎 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲🤝🏗️📈 CMO ROW here with a very exciting news update from the Med Device CMO space, to take us into the memorial day, long weekend ahead! ⭐ DuPont split into 3 independent, publicly traded companies DuPont carries over 220 years of heritage becoming a key manufacturing and chemical organisation. with revenues $12billion+. DuPont recently made the huge acquisition of Spectrum Plastics Group, A DuPont Business within our industry. The organisations will separate into 'Water', 'Electronics' and 'New DuPont'. The latter consisting of industrial solutions along with healthcare. Ed Breen (Executive Chairman & CEO) says, "This is an extraordinary opportunity to deliver long-term, sustainable shareholder value through the creation of three strong, industry-leading companies." ⭐ Cadence, Inc. open Costa Rica facility Cadence have continued their great growth and have now opened a low cost manufacturing facility in Costa Rica, to join a variety of other companies who have a base in the country. Rob Werge (President & CEO) says, “Costa Rica offers a strategic location, a talented workforce, and a sustainable environment, making it the ideal destination for expanding our operations outside of the United States” ⭐ LISI MEDICAL break ground on the expansion of their Big Lake, MN facility LISI Medical are expanding the facility by 45,000ft and will now have a total facility size of 152,000ft at the site upon completion. The total expansion cost is approximately $11 million and will create approximately 30 jobs over the next two years. 🤝 Best of luck to all involved, looking forward to seeing your continued growth across this year! ❓Did I miss anything? - let me know in the comments❓ If you're looking to hire CMO-experienced talent, please reach out as it would be good to learn more on your plans! 📞 +44 775-455-8706 / +1 929-294-7260 📩 rowan.porter@medical-cm.com #medicaldevices #medicaldevicemanufacturing #cmo #contractmanufacturing #expansion #growth

Looking forward to joining my colleague Justin McCabe at the Marcus Evans Medical Device Manufacuring and R & D Summit. Many OEM Executives are scheduled to meet with us to discuss the potential value of the MedAccred Program in areas of supplier quality, procurement risk reduction, supply chain resliiency, regulatory support and many other topics. #MedAccred #MedicalDevice #SupplierQuality #SupplyChainResiliency

Medtronic has plans to close five manufacturing sites and reduce its supplier base, CEO and Chairman Geoff Martha announced at the J.P. Morgan Healthcare Conference on Monday. The medical device company is cutting approximately 200 suppliers to “focus on strategic suppliers that can provide high quality, high service, continuous improvement all at competitive prices,” Martha said. The company is also consolidating eight distribution centers into two “super distribution centers,” according to Martha’s presentation. Martha did not say which manufacturing sites and distribution centers would be impacted or when they will close. Manufacturing trends to watch in 2024 - rising costs - https://lnkd.in/g77ipNhB Blog – Manufacturing Sector – United States – December 2023 - https://lnkd.in/gAbPP8pZ Blog – Oil and Gas Analysis – December 2023 - https://lnkd.in/gjqP3biu Blog – LNG Policy Review – Canada vs United States and Australia - https://lnkd.in/gZUyMxCb     Paul Young CPA CGA   Paul Young is a former IBM Customer Success Manager that has deployed over 300 data and AI solutions across industries and geographies for the past 8 years. Paul is an SME on public policy including leveraging technology as part of improving food production in a sustainable way.

Looking to reduce the costs of your healthcare manufacturing projects? MGS offers our customers multiple ways to drive down price for any of their projects. Firstly, we can consolidate your supply chain through our end-to-end solutions, while mitigating risks with our decades of experience in product design and development, tooling, manufacturing, automation and finished goods assembly. Also, benefit from cost-effective healthcare production at our facilities in Juarez, Mexico and Cartago, Costa Rica, where they excel with lower quantity, labor intensive products. Choosing an MGS manufacturing location near you, can help reduce transportation costs while being more environmentally conscious. In choosing MGS, we help you streamline your operations, reduce cost and ensure seamless, high-quality production, allowing you to focus on other goals while we take care of your project! Discover many other advantages MGS offers when you choose us as your trusted partner. https://lnkd.in/gibaje-C #HealthcareCDMO #ReduceCost #EndtoEndSolutions #Global Manufacturing #Pharma #Diagnostic #MedTech

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The power and flexibility to solve challenging machine vision applications in a PC environment. Solving chronic problems in the manufacturing process. So, feel free for discuss with me. 😊 #visionsystem #visionsoftware #chroniccaremanagement #deeplearning #cognex #manufacturingsolutions #foodandbeverage #pharma #automotiveindustry #fmcgindustry #logistics

Learn how an accomplished medical device engineer overcame challenges in manufacturing processes and navigated tough regulatory hurdles. Listen to this episode with Dion Lopes as he shares invaluable insights on welding nitinol wire, optimizing processes, and accelerating engineering.

We remember the early days of our business journey at Life Chem Pharma, where we encountered a client who believed in our potential even before we did. We were so overwhelmed with gratitude and thought to ourselves, "We must do everything to meet their expectations." However, we faced an unexpected challenge. The product we were entrusted to manufacture was something completely new to us, and the production costs were much more than we had predicted. We were filled with worry and thought to ourselves, "How are we going to fulfill this order without incurring a loss?" But we decided to face the challenge head-on. We informed the client about the situation and assured them that we were ready to dispatch the material immediately. Yet, as we navigated the complexities of the issue, it became clear that producing the product at the initially agreed cost was not viable. And that's when we realized the value of transparency in business. We communicated the situation honestly to our client, expressing our willingness to bear the loss while emphasizing the importance of collaboration in finding a mutually beneficial solution. It was a powerful lesson that we learned and has helped us understand that business is not just about transactional interactions, but about building long-lasting relationships based on trust and mutual respect. If you're ever feeling anxious about a business decision or you're facing a challenge in meeting a client's demand, just remember - transparency, collaboration, and commitment to client satisfaction can pave the way for a stronger relationship. It might not be easy, but I promise you, it's worth it. What's been your most challenging client situation and how did you navigate it? #business #indianpharma #transparency #clientsatisfaction #lifechempharma

The last four years uncovered a number of vulnerabilities to our global supply chains that have huge implications in the pharmaceutical, medical device, and life sciences industries. Here are a few insights via @Frank Costello that could help you achieve a better, more resilient supply chain: 🧠 Resilience is more than a state of mind. Not that long ago, offshoring the bulk of your operations was considered the smartest, most cost-effective decision you could make. This globalized supply chain model worked well when supply chains were running smoothly, but it proved vulnerable to bigger disruptions (e.g., natural disasters, political instability, and pandemics), which led to strained workforces, supply shortages, and transportation delays. How can businesses take the steps toward a more resilient supply chain in order to better ensure that patients have access to the products they need? Invest in proven track-and-trace technology for more effective monitoring. Technology like RFID tags allows greater data collection and analysis, giving you a greater ability to determine where bottlenecks might occur in your supply chain. Develop contingency plans for disruptions - Medical device, pharmaceutical, and life sciences products can often have crucial expiration deadlines by which a product must arrive. Do you have a backup plan for each step of your production and delivery process? Evaluate nearshoring for potential opportunities and assurances. Is it possible to open up or move production facilities to be closer to your customers? 9/10 supply chain providers that we surveyed said that on-time delivery was an important supply chain risk. If you can't move or open new facilities, can you find a distribution partner that serves the areas you sell into? And speaking of nearshoring, RRD’s 2023 Diagnostic Drivers Report found that two-thirds of life sciences companies are moving sourcing, manufacturing, and fulfillment physically closer to customers and end markets. A growing number of our clients have expressed a readiness to explore reshoring or nearshoring as a way to increase supply chain resiliency. Grab the link to @Frank Costello's full article in the comments and while you're there, let me know what steps you are taking or might take this year to build a more resilient supply chain. #medicaldevice #lifesciences #supplychain #pharmaceutical