3 Reasons to Offshore Medical Manufacturing: Are You Choosing the Right One?
from Plastics Today
The medical device industry is a bit late to the offshoring party, but it seems to be making up for lost time. The landscape is somewhat different from the plastics processing sector and manufacturing in general, where there has been anecdotal evidence of a domestic production renaissance, says Ryan Douglas, co-founder and President of Nextern Inc., a contract design and manufacturing company with operations in the United States and China. "Reshoring may well be real in the plastics space," says Douglas. "Resin prices don't change much from one part of the world to the next and the sector lends itself to automation. But medtech is the exact opposite," he adds, noting that a number of factors are driving medical manufacturers to offshore operations.
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