It’s getting harder for product manufacturers to compete successfully in today’s global economy. According to research, approximately 40% of developed products do not meet their commercialization targets 1,2. And only 55% of product launches take place on schedule3. These statistics are not surprising as more and more companies grapple with part and labor shortages, ever-changing regulatory...

In the wake of the pandemic, many industries, including medical device manufacturers, are left sorting through pieces of what’s become a giant domino effect. Not only has the pandemic exposed weak links in supply chains but also the waste and management of paper-driven processes along with using legacy systems to manufacture complex products. Trying to figure out how to manage a business in this...

As Harry Truman eloquently put it, “It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.” With the last pangs of the pandemic dissipating, and the Russian-Ukraine invasion raging on, coupled with a decline in the third quarter due to a slowdown in consumer spending, many experts in the financial community are ready to declare the U.S. is already in a...