Outsource manufacturing and international seem to go as hand-in-hand these days as accounting and scandal. As medical product manufacturers look to cut costs, preserve cash and reduce debt, partnering with capable contract manufacturers seems a logical step. At the same time, outsourcing in other countries is fraught with pitfalls and perils. A misstep in selecting the right partner or even the right region can cause delays and production problems that could negate the advantages of going overseas.
Three experts from around the world examine outsourcing in key regions and explain in this overview article the nuances and successful strategies for each market.
When Outsourcing in Asia, A Cornucopia of Options Exist
Pressured by market forces to reduce costs, many OEMs in the telecom and IT sectors have been moving manufacturing to Asia. The medical industry, on the other hand, has been more conservative and reluctant to outsource because of consistent, high-quality requirements and concerns about intellectual property protection.
Many Asian countries, however, show they have access to the latest technology and skilled personnel, and some are going out of their way
