Supply Chain Challenges in Medical Device Manufacturing
Supply chain executive Simon Hinds discusses the unique complexities of medical device and life sciences supply chains, contrasting them with automotive and consumer electronics. He explains how regulatory barriers, traceability requirements like CFR 21 Part 11, and mutual recognition agreements impact sourcing and manufacturing strategies. Hinds details the challenges of scaling from prototype to volume, managing tier 1-3 supplier risks, and navigating geopolitical tariffs through diversification and postponement strategies.