• $163B in surplus inventory wasted annually: Report

    About 8 percent of global stock perishes or is thrown away every year, translating to about $163 billion worth of wasted inventory, Bloomberg reported Nov. 10, citing a new report from materials supplier Avery Dennison. 
  • A Smart Supply Chain Supports Value-Based Care

    Value-based care pressures are pushing many healthcare supply chain leaders to launch a new approach to operations—one that prioritizes risk management and cost control at scale without sacrificing care quality or outcomes.
  • Bryan Health picks Medline as primary supplier

    After working with a different supplier for more than three decades, Lincoln, Neb.-based Bryan Health chose Medline as its main vendor in a deal worth $140 million. 
  • With higher supply costs, manufacturers point to freezing wages, hiring

    With geopolitical concerns hitting the supply chain, nearly two-thirds of U.S.-based manufacturers plan to freeze wages and recruitment efforts, according to data CNBC cited in a Nov. 4 report.
  • Signs You're Underinvesting in Supply Chain

    Have you ever heard the idea that “cheap is expensive?"
  • Cardinal Health sees 13% revenue boost in Q1

    Cardinal Health noted a 13 percent increase in revenue, from $44 billion to $49.6 billion, in its first quarter of 2023. 
  • 4 injuries spur recall of 60K bacterial filters

    In a Class I recall, the most serious type, devicemaker Teleflex recalled 60,500 bacterial filters in response to four injuries and 36 complaints of the filter separating from breathing systems. 
  • Johns Hopkins, Harris Health and 8 other systems seeking supply chain leaders

    Here are 10 health systems and hospitals that posted job listings seeking supply chain expertise in the last week. 
  • Texas cities face ambulance shortage

    Some cities in Texas are asking the federal government to help with supplying more ambulances after intense flooding caused a supply issue, NBC-affiliate KXAN reported Nov. 2. 
  • J&J to acquire medtech company for $16.6B

    Johnson & Johnson will acquire Abiomed, a medtech company based in Danvers, Mass., for $16.6 billion by the end of the first quarter of 2023. 
  • FDA warns of tracheostomy tube shortage

    There is a national shortage of tracheostomy tubes, including ICU Medical's Bivona tubes, and the dearth is more likely to affect pediatric patients because there are few alternative products, the FDA said Oct. 31. 
  • Providence, Children's Health, and 8 other systems seeking supply chain leaders

    Here are 10 health systems and hospitals that posted job listings seeking supply chain expertise in the last week. 
  • Stockpiling only worsens the supply chain, experts say

    Whether it's "end-of-the-year chaos" with manufacturers halting production for a few weeks or geopolitical concerns, supply chain disruptions are bound to happen — but that doesn't mean hoarding is the solution, Harvard Business Review reported Oct. 27.
  • 6 negative effects of leaving physicians out of the supply chain

    From fall 2020 to the present, the costs for some of the most critical elements (e.g., resins, cotton and metals) in the medical supplies and devices that hospitals and health systems use daily all soared in excess of 30 percent, in parallel with rising foundational costs like shipping freight and energy. Healthcare organizations’ drug expenses spiked, too, until by the end of last year they were 28 percent higher than pre-pandemic levels.
  • 7 recent drug, device recalls

    Here are seven drug and medical device recalls the FDA reported in October: 
  • Refreshing Hospital Supply Chain Risk

    Supply chain issues have become part of the new normal in healthcare—in 2021, 99% of hospitals and health systems reported challenges in supply procurement.
  • 3 winter disruptions hospital leaders should brace for

    As hospital supply chains endure inflationary pressures, the surge of multiple viruses and typical "end-of-the-year chaos," medical supply experts told Becker's their top concerns heading into 2022's winter.
  • Philips to cut 4,000 jobs to save $296M

    Philips, an Amsterdam-based medical device company, will cut 4,000 jobs as it weathers a recall of 18 million sleep apnea masks, The Wall Street Journal reported Oct. 24. 
  • Abbott plans $500M formula plant

    The baby powder shortage lasted months after Abbott Laboratories shuttered its main manufacturing site for the product, and the company is now planning a new $500 million facility, CBS News reported Oct. 21. 
  • Helium shortage raises concerns around MRIs

    A shortage of liquid helium, a nonrenewable element that has been dwindling in supply, is worrying physicians because MRI machines require the ultra-cold material for its magnets, NBC News reported Oct. 22. 
  • Wellstar, HCA Healthcare and 8 other systems seeking supply chain talent

    Here are 10 health systems and hospitals that posted job listings seeking supply chain expertise in the last week. 

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