The US is the largest medical device market in the world, making up approximately 43% of the global market for medical devices. Select USA estimated the market was valued at $155 billion in 2017, with more than 6,300 medical device companies operating in the US. According to ResearchAndMarkets.com, the global medical device market is set to surpass $400 billion by 2023, …
Technology has created incredible opportunities in the world of life science supply chain management. But with that opportunity comes a new set of responsibilities and client expectations. According to the 10th Edition of Biopharma Cold Chain Sourcebook, the 2017-2023 growth rate for all pharma sales is 33%, while that for cold chain products specifically is 59%. Meaning the global biopharma industry collectively …
When it comes to managing the final mile whether it’s a time-specific delivery, medical equipment and high-tech equipment products, things can get difficult in a hurry if you and/or your provider are not proactive about the process. Inattention to detail and lack of experience can lead to higher costs, damages, and failure to meet client expectations. Here are a few …
What are you doing to improve yourself? Stop for a moment and think about that. How are you better today than yesterday? Where would you like to improve? Do you want to improve in your career? Have you thought about making improvements not only in your career but also in your life? This isn’t only for your performance in the …
Since transportation volumes and logistics activity are directly related to economic activity, particularly retail trade and manufacturing volumes, a quick review of both are warranted given the recent trends in freight volumes. Despite decreased rail, truck, and air volumes since the start of 2019, the economy has continued to grow although at modest levels. Much of this growth can be …
All too often I’m asked, what is your on-time percentage as an organization? I consistently respond, “We pursue business where one failure is too many!” This means by the time we’re reviewing on-time percentages it could be too late! We challenge all stakeholders within Pegasus to understand the true impact of failure for all our clients. Not having a detailed understanding could …
Trade shows and exhibitions are traditional marketing strategies used to showcase a company’s goods and to network with decision-makers in their industry. Statistics show that 81% of attendees have buying power and spend an estimated 8.3 hours on the show floor. Additionally, 45% of attendees attend only one event per year looking for new products and services. This means that …
trade war, tariffs, industry updates
As a major waypoint for trade between the United States and Latin America, Miami is home to many experienced freight forwarders. Finding the right logistics partner is a significant piece of the seamless supply chain puzzle. The Miami gateway impacts the raw material flow into LATAM manufacturing plants, exports of US manufactured goods southbound, and imports from LATAM moving back …
While many firms try to be everything to everyone, Pegasus Logistics maintains a firm commitment to securely and efficiently move what they call “Shipments of Consequence”. These are shipments in which “the impact of failure to our client, or our client’s client, are severe,” says Heath Shoemaker, Pegasus’ Chief Operating Officer. One example is handling products that are considered expensive, such as high-value electronics or medical …
Technology has created incredible opportunities in the world of life science supply chain management. But with that opportunity comes a new set of responsibilities and client expectations. Over $260 billion in biopharma sales are dependent on cold chain logistics, according to the most recent report on the subject by the US Chamber of Commerce. Spending on cold chain logistics is already over …
From demand to last-mile delivery, shipping logistics is a complex, hairy beast and has only gotten bigger and badder as modernization (e-commerce, cloud-based records, and communications) has largely dictated where the industry is going. Although rapidly evolving with certain obstacles that seem too difficult to overcome, the truth is there are highly valuable opportunities within these new challenges. That’s why …
