An environment of increasing risks, complex regulations and continuing cost pressures is impeding healthcare executives from moving quickly to seize untapped industry opportunities, according to the 7th annual UPS "Pain in the (Supply) Chain" survey. Globally, healthcare executives are planning for strategic partnerships and technology investment to mitigate risks and capitalize on growth opportunities.
- The most significant factors contributing to uncertainty are more stringent regulations and increased product protection challenges
- 49% of those surveyed still feel an impact from the economic downturn of 2008; the highest percentage of respondents to express this are located in the U.S.
- Only 26% of healthcare executives cite contingency planning as a top supply chain concern
- 34% of those surveyed in Asia and 22 percent in Latin America say that more than 1/4 of their companies' supply chains were impacted by unplanned events in the past three to five years