Regulations stifle healthcare supply chainsAccording to a yearly UPS survey, most healthcare executives plan on utilizing global markets and investing in new technology over the next several years. They hope their businesses will remain competitive while increasing supply chain efficiency while still providing high quality products.

Despite their plans to invest in and enhance efficiency, many executives in the industry are concerned about the future. High level employees listed their top concern as complying with increasing regulations. Fifty-two percent of healthcare decision makers said new regulations may impact their business in the next few years. Healthcare reform and legislation changes were also a major worry, with about half percent of respondents citing them as detrimental to their businesses. Along with regulatory changes, healthcare executives are also concerned about keeping supply chain costs under control and intellectual property protection.

Ranking lower on the list were concerns over increased competition, patent expirations and industry consolidation.

The majority of executives said country regulations provided a significant barrier to their ability to do business. Intellectual property rights and quality control were also listed as top barriers to these companies.

As the concerns of healthcare companies change, they must come up with new ways of doing business to ensure they comply with regulations while still providing quality products. Effective supply chains will assist these corporations in ensuring they remain efficient and profitable.
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