The Hidden Costs Of Equipment Storage: What You're Really Paying For

Think twice before relegating that seemingly idle pharmaceutical equipment to storage. While it might appear to be a cost-effective solution, a recent Iowa State University study reveals that the true cost of holding onto unused assets can range from a surprising 15% to over 30% of their value each year.

For the pharma and biopharma industries, these hidden expenses, encompassing everything from storage fees to lost operational space, can significantly impact the bottom line. Read on to uncover the specific ways these costs accumulate and how to mitigate them.