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Rising and essential: Central and Eastern Europe grows as a force in global healthcare - UPS HealthcareThe healthcare industry in the European Union (EU) is robust, and it promises to continue adrenalizing the region's economy, employment, and balance of trade.
Rising and essential: Central and Eastern Europe grows as a force in global healthcareA crescendo of factors – the global pandemic, astonishing scientific breakthroughs, ubiquitous technology, smart data and intelligent analytics, an empowered buying public, and a new focus on innovative (and preventative) medicines – is driving healthcare transformation to some degree in all 27 EU nations.
In its official Winter 2022 Economic Forecast, the European Commission wrote, "Following a strong recovery by 5.3% in 2021, the EU economy is now forecast to grow by 4.0% in 2022." Healthcare will be a substantial contributor. The commission's prediction comes despite global pandemic headwinds.
The quality of logistics will determine, to large degree, the ultimate health of the healthcare marketplace.
Until recently, logistics philosophy held that networks should be cost-efficient and as lean as possible. This thinking led to long, complex, and consolidated supply chains.