By Matt Hicks, Chief Operating Officer, Federal Equipment Company
Major trends in the pharmaceutical and biotechnology manufacturing industries are driving significant shifts in the management of laboratory and processing equipment inventory. Product pipeline changes, mergers and acquisitions, price pressures, and the increased reliance on contract research, manufacturing, and packaging service providers are a few of the trends impacting manufacturers’ equipment needs. At the same time, manufacturers and contract service providers are striving to keep costs down, manage their floor space, and ensure supply of products to the market.