UPS will Benefit from Healthcare Compliant FSLs and Growth in the U.S. Medical Device Industry

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 18, 2014.

  1. cheryl

    cheryl I started this. Staff Member

    UPS will Benefit from Healthcare Compliant FSLs and Growth in the U.S. Medical Device Industry - Forbes

    United Parcel Service recently announced that it has enhanced it Field Stocking Location network to support the growing demands of the medical device industry. Given the expected growth in the U.S. medical device industry and the increased demand of manufacturers for timely delivery in order to provide better customer service, we believe that the move will help drive UPS’ healthcare logistics business which is a part of its Supply Chain logistics division.

    The U.S. medical device market is expected to grow 6.4% annually and will reach $134 billion by 2016. High healthcare related spending, large aging population and the presence of seven of the world’s top ten medical device companies in the U.S. will help drive this growth. Additionally, healthcare regulations such as the Patient Protection and Affordable Care Act will encourage sales of medical devices. Growth in the medical device industry will ensure continued growth in UPS’ healthcare related volumes.