Inflation and Shipping Costs Hit All-Time Highs
In the wake of the Federal Reserve’s recent announcements that they will reduce their balance sheet by as much as $95 billion per month — with anticipation they will deliver two half-point interest rate hikes in the coming months — inflation remains at approximately 8.5%, its highest level in over 40 years. The warning signs…
Partstat Partner News March 2022
GE Pledges to Cut Carbon Emissions by 50% by 2030 GE is among 90 other companies including Ford and Xerox who have pledged to reduce their carbon emissions by 2030 — without the use of offsets. This commitment was announced as part of the U.S. Department of Energy’s new Better Climate Change program. The goal…
Partstat Partner News October 2021
Philips Creates New Scanning System to Make MRIs Less Scary for Children In an effort to ease the fear children may feel getting an MRI scan, Philips is taking a very unique approach. With their latest product, Philips Pediatric Coaching, the company is attempting to turn the process into a fun game that will bring…
China’s Alleged Hypersonic Missile Test Is Bad News for Global Supply Chain
In what is being called by some analysts as a “Sputnik” moment for military technology, China shocked the world by allegedly testing a state-of-the-art, nuclear-capable hypersonic missile in August. According to recent reports, the missile completed a low-orbit the Earth before striking only two-dozen miles away from its intended target. The apparent rapid advancement of…
Medical Device Manufacturers Have a Cost Problem
Manufacturers of critical, life-saving healthcare equipment deal with a myriad of complexities and regulations that no other industry has to consider. Many of these considerations require significant additional costs, and in an era that has been defined by risks and disruption include supply chain delays, inflation, raw material shortages, extensive lead times, natural disasters, geopolitical…