Gaurav Kapoor of Spectrum Plastics Group speaks on how to create trusted partnerships with original equipment manufacturers.
Original equipment manufacturers (OEMs) in the medical device industry are faced with a complicated supply chain and an evolving set of regulatory compliance standards that can make it difficult to be successful in a competitive market. As a result, OEMs have created vast networks of contract manufacturing partnerships to help offset gaps in expertise. However, the sheer volume of partners can further complicate the process of continuous product development and pressure to bring next generation devices to market. This general trend has led to a sharp increase in medical manufacturing mergers and acquisitions,
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