Gartner Research

Outlook for Life Science Manufacturers, 2015

Published: 13 January 2015

ID: G00272325

Analyst(s): Eric O'Daffer , Stephen Meyer

Summary

Life science manufacturers face some time-sensitive opportunities and challenges in 2015. Supply chain leaders need to understand the current regulatory, talent and commodities environments to ensure compliance, increase organizational effectiveness, and maximize profitability.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • As health authorities take action to ensure safety and efficacy, the number of new requirements and the rate of their implementation mean that if life science manufacturers simply maintain the status quo, they will be on a fast track to noncompliance
  • Baby boomer retirements will cause a loss of critical business knowledge and create future workforce shortfalls that will impair the effectiveness of life science manufacturers' supply chain organizations if not addressed soon
  • The market trend of crude oil pricing in late 2014 is an indicator of potential wider deflation in commodity pricing that can help offset margin loss caused by top-line price erosion and increased regulatory burden for life science manufacturers

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