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Pharma secondary packaging market

Infiniti’s Competitive Intelligence Solution for A Prominent Company in The Pharma Secondary Packaging Market: Exploring Key Packaging Innovations And competitive landscape Insights

In pharmaceuticals, secondary packaging constitutes the packaging which does not come in direct contact with the dosage form. Pharma secondary packaging is becoming widely adopted and essential as they offer critical functionalities, such as, for physical and barrier protection, secondary containment, adherence to regulations, and consumer safety. It also creates a buffer and protects primary packages from each other during transportation.

Business challenge

A prominent pharmaceutical company headquartered in San Francisco, CA sought to explore the changing trends in the secondary pharma packaging market by focusing the research on major design/technology innovations and best practices adopted by leading players in the pharma secondary packaging market. Through the engagement, the client wanted to support their future packaging developments and track industry trends over time. By leveraging Infiniti’s competitive intelligence solution, the pharmaceutical company wanted to understand the competitor landscape in the US and European pharma secondary packaging market, new features of secondary packaging being incorporated by competitors, product portfolio descriptions, and competitor strategies to promote adherence.   

Want comprehensive insights into the market drivers, challenges, key industry players, and more in the pharma secondary packaging market? Request a complimentary proposal.

Our Approach

Experts at Infiniti Research started by delving deeply into the pharma secondary packaging market transformation over the past decade in the US and Europe. This involved a well-balanced combination of primary and secondary research. Telephonic discussions were undertaken with over 45 respondents with expertise in the development, sales, marketing, and usage of products and services related to secondary packaging market such as pharmaceutical packaging specialists, packaging engineers, and packaging development experts. The secondary research undertaken by our analysts included comprehensive research materials from company websites, industry news CPA, HCPC, CHPA, packaging digest, and public database.

Through extensive competitive intelligence study and research methodologies, experts at Infiniti Research were able to identify the top pharma secondary packaging designs that are predominantly used. This includes medication adherence packaging, extended labels, and increasing use of sustainable materials in pharma secondary packaging. Furthermore, Infiniti’s competitor landscape assessment also identified some of the key competitors in the US and Europe, their respective packaging initiatives, and critical initiative undertaken to promote adherence.

With a focus to ensure product integrity, better manufacturing efficiency, and enhancing customer satisfaction, experts at Infiniti Research have identified that companies are developing innovative technologies such as thermochromic indicators and contemporary cartons designs. Furthermore, with Infiniti’s recommendation, the client adopted robotics and process automation that significantly improves production output, lowers operating cost, and enhances worker safety.

Business Impact

By leveraging Infiniti’s competitive intelligence solution, the client was able to successfully track their key market competitors and identify some of the most innovative and viable trends in the pharma secondary packaging market. Apart from this client was also able to:

  • Increase investments on their primary and secondary packaging lines by adopting technologies which result in faster turn-around time, fewer errors, and higher adaptability to incorporate and reproduce design changes
  • Collaborate with the CPO to formulate innovative packaging designs which are senior-friendly, child- resistant, medication adherence promoting, and offers unique dispensing mechanisms
  • Expedite early market entry for biologics and personalized medicine by identifying advancements such as 3D printing in pharmaceutical packaging
  • Reduce operational cost by 30% within this first quarter by adopting RPA into packaging operations
  • Focus on packaging designs that are cost-effective and have shorter production turnaround times
  • Incorporate adherence features in the secondary packaging design to help practitioners promote the use of the drugs to the patients
  • Build an effective planning and production process to minimize packaging errors and prevent product recalls, saving the company over $1.2 million within six months

For similar engagements for your business, get in touch with an industry expert

Genomic assays market

Confronting Top Challenges in the Global Genomic Assays Market

The global genomics assays market is predicted to show steady growth through 2025. Rising incidences of chronic diseases and lifestyle disorders such as cancer, diabetes, cardiovascular and neurological disorders require solutions that can eradicate the issue at a genetic or molecular level. This has fueled the rise of genomics and therefore, the genomic assays market is growing. Furthermore, the outbreak of COVID-19 has led to the increased adoption of next-generation sequencing (NGS) and PCR technologies among researchers. Several companies have introduced consumables and modified their genomic platforms in order to facilitate the use of NGS and PCR technologies for COVID-19 research. However, in order to effectively capture value from the growing market demand, companies in the genomic assays market must overcome some of the below mentioned key challenges.

Infiniti Research has 15+ years of experience working in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. Request a complimentary proposal to know more about how you can overcome key business challenges by leveraging our custom market intelligence.

Storage and analysis of large datasets for genomics

As the adoption of genomic technologies rises in the medical world, the number of patients who are undergoing genetic tests or treatments is also consequently growing. Additionally, it is anticipated that a greater number of healthy individuals will seek genomic technologies for predicting personal health risks. With the increasing usage of genomics for healthcare purposes, huge amounts of data are being generated. The storage, distribution, and analysis of these large datasets require massive and high-end technological solutions. Providing such solutions is a challenge for many countries. Additionally, a large amount of data leads to concerns about data privacy and data security.

Acquiring high-quality single-cell sequencing data

With the recent boom in the field of microfluidics and combinatorial indexing strategies, and reducing sequencing costs, single-cell sequencing technology has been developing at a fast pace. Thousands and millions of cells are analyzed in a single experiment, thereby amounting to a data revolution in genomic sequencing. The general purpose of single-cell (sc) DNA sequencing is to track somatic evolution at the cellular level. Receiving high-quality data from single-cell (sc) sequencing is a challenge as it involves data at the cellular level. This is also another major reason for the shifting preference to multiplex sequencing.

Cost of building a platform

Genomic platforms need extensive IT capabilities and should be capable of synchronizing with the available equipment in a laboratory. Furthermore, it should be capable of addressing and analyzing different types of sequencing technologies. There is multiple software (ones that are capable of being installed or plugged in an existing platform) that address specific needs. For an end-user who is already subscribed to a platform, opting for plug-and-play software is economically viable. Therefore, this poses a challenge for companies that plan on building a new platform entirely that is extensive enough to cater to all the needs of users in the genomic assays market.

Need for uniform standard operating procedures for platforms

Operations on genomics platform differ from one to another depending on their manufacturer. With such variance in functionalities between platforms and software, it is difficult for a user to migrate from one platform to another if such a need arises. Also, information sharing between the platform becomes a challenge in such cases.

For more insights into the market trends, key drivers, and challenges in the global genomic assays market, request more information.

Mechanical Testing Equipment Market

Evolving Customer Needs in The Mechanical Testing Equipment Market

The rising demand for mechanical testing equipment is largely fueled by the rampant rate of industrialization. As production processes are becoming increasingly active and rapid, mechanical testing equipment in manufacturing processes has become pivotal in controlling the quality of products. Apart from quality control, there are several other applications of mechanical testing in manufacturing including characterizing material properties to validating final products. With the changing market trends and the proliferation of newer technologies in electronics, the end-user demand in the mechanical testing equipment market is also rapidly evolving. This is consequently changing the product landscape in the mechanical testing equipment market. Based on the market analysis by our industry experts, we have identified some key trends in consumer needs in the mechanical testing equipment market.

Assess the market trends, drivers, challenges, and key leading players in the micromaterials mechanical testing equipment market. Request a complimentary proposal from our industry experts.

Changing Consumer Needs in the Mechanical Testing Equipment Market

Advances in miniaturization of electronic products

With the advancements in technology, there is an unprecedented demand for electronic products that are portable or more compact. This trend has been a fountainhead for most of the ‘smart’ devices that we see today, such as fit bands, smart bulbs, and smart watches. As a result, over the years there has been burgeoning demand for smaller components and microscale testing of different components such as PCBs and ICs. Micromaterials testing mechanical equipment is used for micro-scale tests to measure fatigue, hardness, and toughness of the materials used to manufacture electronic products or devices.

Increase in focus on improving product quality and performance

Materials such as plastics, composites, and ceramics have diverse properties that impact their performance. Studying various properties such as hardness, fatigue, and toughness helps determine their right use and rectify failures. Manufacturers across different domains such as electronics, polymers, and aerospace are increasingly focusing on improving the quality and performance of products by conducting different tests at a micro-scale, which is driving the use of micromaterial testing equipment.

Rise in complexities of designs

MEMS-based sensors have a wide variety of applications across different industries such as the automotive, aerospace, and electronics especially due to some of their key properties such as low cost, limited consumption of space, and high accuracy. Advances in MEMS technology have led to complexities in the design process, which complicates the quantification and modification of mechanical properties, which is expected to drive the demand in micromaterial testing equipment market for conducting different tests.

Increasing focus by end-users to comply with industry standards

Another predominant trend in the mechanical testing equipment market is that end-users are focusing on adhering to industry standards and accreditations to offer better quality products. Consequently, mechanical testing equipment manufacturers and providers are encouraged to offer solutions that help end-users comply with industry standards, including IPC, AEC, JEDEC, SEMI, ASTM, NFT, and ISO. The increasing focus on complying with these new industry standards are driving the sales of micromaterial testing equipment globally.

Gain comprehensive insights on how our market intelligence solutions can help companies in the mechanical testing equipment market.

Retail customer intelligence

How Retail Customer Intelligence Can Help Retailers Adapt to the New Normal

Owing to the fast-spreading COVID-19 pandemic, every sector has been severely impacted and the retail industry is hardly an exception. The COVID-19 crisis has led to dramatic shifts in customer buying behaviors and spending patterns. Besides, the uncertain nature of the pandemic has compelled customers to tighten their wallets and eliminate discretionary spending. These shifts have left many retailers scrambling to effectively serve customers through other channels. To navigate through these challenging times and drive future growth, retail brands will need to adopt new ways to maintain and build relationships with customers.

This is where Infiniti steps in with its best-in-class retail customer intelligence solution. With Infiniti’s retail customer intelligence solution, businesses can navigate the COVID-19 crisis, plan for recovery, and shape the future. Here’s our guide for retail businesses to adapt to the ‘next normal in retail’ and meet the new customer expectations.

Retail brands must focus on creating exceptional customer experiences to set themselves apart from their competitors and build agile capabilities for fluid times. Our retail customer intelligence solution can help you achieve these strategic objectives. Request a FREE proposal here.

How Retailers Can Meet New Customer Expectations

#1: Extend digital channel presence and engagement

COVID-19 pandemic has suddenly shifted more customer traffic to digital channels. Owing to this sudden shift, online sales grew by nearly 25% in two weeks in March 2020. To ensure business continuity and maintain profitability, retail brands are compelled to expand their digital presence quickly. By extending digital presence and engagement, retail companies can partially offset diminished foot traffic in physical stores by boosting investments in online acquisition. Also, recent studies show that App downloads increased by nearly 20% compared to the previous year. As such, retail companies can prioritize a mobile app or point-of-sale experience this year. With more customers now engaging through mobile apps, retailers must also ensure that digital channels are integrated and offer consistent services and experiences to customers.

Our retail customer intelligence solutions can help you gain valuable customer insights to drive your business on the path to success. For retailers looking to extend digital channel presence and engagement, retail customer intelligence solution can help gather user acquisition and behavior data. Besides, retail customer intelligence solutions can help business leaders to deliver a seamless omnichannel strategy that boosts customer engagement and builds lasting customer relationships.

#2: Bring an in-store feel to the digital experience

To adapt to the needs and demands of customers, retail brands will need to revamp their current omnichannel strategy and bring an in-store feel to the digital experience. In response to COVID-19, a retail firm in China substituted in-store personalized interaction by offerings virtual appointments and live streaming experiences to customers. Also, some luxury retail brands have launched a new platform, Virtual Try-On, which allows buyers to enjoy the experience of a retail setting in the comfort of their home.  During these challenging times, retail brands that adapt to the needs of customers and personalize customer interactions across every touchpoint are expected to gain a leading edge.

By leveraging Infiniti’s retail customer intelligence solution, businesses can understand how customers are interacting with their brand, analyze their journey across different channels, and identify gaps in offerings. Also, retail customer intelligence solutions can help businesses to track real-time changes and rethink the way they engage with customers.

Maintaining a strong customer experience during such a crisis requires an understanding of changing dynamics and pain points of customers. Our customer intelligence engagement can help you achieve this strategic objective. Get in touch with us.

#3: Embrace an agile operating model

As the coronavirus pandemic is expected to last longer, retail businesses must embrace an agile operating model to continually reassess their strategies. Besides, retailers can adopt agile practices to quickly recalibrate their business model and offerings to meet rising consumer expectations. In addition to this, retailers need to map the customer journey across different touchpoints and respond with agility.

Infiniti’s retail customer intelligence services can help businesses to categorize customers with similar attributes and devise customized audience segments. This will subsequently help retailers to provide customers with personalized options that best suit their needs and preferences.

Request more info to know how our COVID-19 business continuity support solutions can help your organization to emerge stronger in the post-COVID-19 era.

Clinical trials

Evaluating the Impact Of COVID-19 On Clinical Trials

The pharmaceutical sector is set to face a new wave of disruption as clinical trials undergo unprecedented challenges due to the COVID-19 outbreak. New norms such as social distancing, strained healthcare systems, and an emotionally volatile environment have a profound impact on medical research and trial participants. Furthermore, changes in regulatory requirements, trial patient safety concerns, and technological challenges due to the shift to remote testing add on to the woes of the clinical trials team.

Industry leaders in the pharmaceutical sector are already using the COVID-19 pandemic as an opportunity to find alternatives to set clinical trials process. This will better equip them to handle any similar outbreak in the future with increased efficiency. Clinical trials are known to be accompanied by multifaceted challenges, but pharma industry experts at Infiniti Research have also identified a multitude of new roadblocks the have surfaced due to the ongoing crisis.

During this time of upheaval, it is essential to have the right guidance and market information to plan your next course of action. Is your business unprepared to face the ongoing crisis? Request a FREE proposal from our industry experts to know more about our COVID-19 support solutions for business.

Adapting clinical trials to a post COVID-19 period

Increased technological adoption in trials in unavoidable in the near future. Digitization and effective use of advanced technologies such as machine learning and AI will help resolve several key challenges in clinical trials in the long run. Experts at Infiniti Research have identified some key strategies for clinical processes to adapt to in a post-COVID world.

Ensuring trial data protection and privacy

While undertaking trials it must be ensured that there is a set of well-defined processes in place to protect a participant’s data privacy. While this has already started in most companies, they will have to make conscious efforts to assure patients and participants in clinical trials that data privacy will be ensured.

Address unmet needs with innovative solutions

Clinical trials can be incentivized by using innovative solutions that are largely focused on addressing several unmet needs in different treatment of various diseases. To achieve this, data in the existing records can be leveraged and analyzed using advanced technology such as AI to identify previously unnoticed patterns or gaps for which innovative solutions can be formulated.

Preparing for the digital transformation

As the COVID-19 outbreak has disrupted several new and ongoing trials, everything is gradually moving to digital platforms. Preparing for this new wave of transformation involves ensuring real-time flow of harmonized data and effectively managing big data.

Request a FREE brochure to know more about our pharmaceutical market intelligence solutions.

Ensuring Business Continuity of B2B Ecommerce Companies During COVID-19

Ensuring Business Continuity of B2B Ecommerce Companies During COVID-19

The coronavirus outbreak has disrupted both B2C and B2B ecommerce companies alike with sudden surges in demand, increasing supply chain challenges, and changing consumer behavior. This also provides a new host of challenges for business leaders who have to envision strategies to ensure business continuity while ensuring employee and customer safety.  Experts at Infiniti Research are analyzing the impact of the ongoing crisis on B2B ecommerce companies in various regions. Based on our expertise, we have listed below a few strategies and best practices for companies in the B2B ecommerce space to thrive through the aftermath of the pandemic on their business.

Want expert insights on how to steer your business through this pandemic? Request a free proposal and tell us your business challenge, we will get back with a comprehensive action plan to mitigate them.

Strategies for B2B Ecommerce companies to combat COVID-19

Offer support measures for existing customers

During the coronavirus crisis, several companies across industries are offering support and additional services to their clients and customers. For instance, banks are removing delay fees and charges, restaurants are offering free takeaways, and video streaming services are making free movies available for their subscribers. B2b ecommerce companies can also undertake measures to offer support to existing customers and their communities during this difficult phase, thereby creating a better business relationship. Some examples of what companies in the sector can do includes offering free delivery or additional discounts to worst affected regions, prioritize stock of existing customers, or even identify measures to support customer communities.

Update e-commerce platform

Ensuring that the B2B ecommerce website is updated to meet customer requirements in essential during such a crisis. This entails having a convenient, reliable, and complete web store, and one that persuades customers to shop with you rather than switching to competitors. Businesses can start by displaying relevant information on the website, offer optimized functionalities, and prepare their online store to handle the complexities of B2B sales orders.

Streamline the returns process

B2B ecommerce companies may experience shifts and fluctuations in demand during the COVID-19 pandemic. Customers who are currently suffering from financial instability may look for ways to make back some of their spending. This could result in increased returns for B2B ecommerce companies. At this point, it is essential to ensure to have a hassle-free returns process. Prioritize consumer convince while rolling out a returns strategy.

Manage demand-supply disruptions

B2B ecommerce companies may witness a spike in the demand for certain products during the coronavirus outbreak. This could have certain serious implications on the supply chain due to restrictions relating to transportation and business shutdowns. Preparing the website to handle heavy traffic and sales is essential. Apart from this, business can also try displaying real-time prices and stock levels to assist customers better in their purchase decision.

Gain comprehensive insights on how to manage your B2B ecommerce business better during the pandemic. Get in touch with an industry expert for more insights.

CPG industry challenges

Preparing to Combat CPG Industry Challenges in the US Due to Coronavirus

As the COVID-19 situation unfolds across the globe, it presents new operational and leadership challenges for CPG companies. As a result of the crisis, there is a seismic shift in the way consumers shop and what they shop for, creating new CPG industry challenges. The US has seen an exponential increase in the coronavirus cases over the last fortnight. This has left players grappling with new CPG industry challenges relating to how to manage the demand-supply inadequacies, formulate an action plan to turbocharge logistics flexibility, and to adjust the existing commercial strategy to suit the new norms. To address the crisis head-on and ensure business continuity, companies must respond to these new CPG industry challenges by quickly rolling out contingency plans while doing their part to minimize the spread of the virus.

Lessons for US CPG companies from other infected countries

A common CPG industry tre18nd and the coronavirus spreads is that consumers are increasingly stocking up essentials and grocery items, while the demand for non-essentials have drastically declined, posing new CPG industry challenges. US consumer goods companies can learn from the mistakes of other countries and better prepare themselves to face this black swan event. Based on the analysis of our CPG industry experts on the impact of COVID-19 in countries like China and Italy, four main category archetypes have emerged and are most likely to show a similar trend in the US:

  • There is a huge spike in the demand for categories such as health and hygiene (hand sanitizers and disinfectant masks), instant meals, and medical supplies. These items are being rapidly undersupplied across channels which in turn results in rigid turnover and frequent out-of-stock situations.
  • CPG categories such as shelf-stable groceries, daily hygiene products, and bottled water face constrained supply and reduced stock-levels.
  • Decline in non-essential CPG product demand in categories including snacks and savories, soft drinks, personal care products, and pet food.
  • Steep decline in luxury product sales including cosmetics, alcoholic beverages, and confectionery.

As more consumers are shifting to online channels for purchases, this creates new CPG industry challenges for players in terms of adapting their logistics and supply chain to this new trend. Furthermore, these spikes and dips in demand have created intense stress for CPG companies and require them to rapidly adapt their strategies for production, transportation and distribution, key account management, and marketing. 

During times of crisis like this, it is critical for companies in the CPG industry to take calculative and well-executed measures to ensure business continuity in the long run. Request a free proposal to know how industry experts at Infiniti Research can help you plan your next steps during the COVID-19 situation.

Action plan to combat CPG industry challenges due to COVID-19

In countries like China and the UK, CPG companies have faced intensified challenges due to the short-term nature of their contingency plans. To exacerbate the situation, travel restrictions across countries have created logistical bottlenecks, further worsening the existing inbound and outbound supply chain challenges. Here are some strategies for players in the US to effectively combat CPG industry challenges due to the COVID-19 crisis and react effectively to this unprecedented business shock.

Review production plan and inventory management

The need of the hour for CPG companies is to define a contingency plan to ensure supply continuity. Companies in the CPG industry must determine the weakest links in their supply chain including raw materials, packaging, or workforce and build strategies to address these issues in the order of priority.

Build logistics flexibility

Working with local authorities to understand the COVID-19 hotspots and lockdown areas will help companies to better plan the logistics and delivery to these territories. A major revamp would be required for the existing transportation and logistics plan to improve logistics flexibility. Furthermore, steps can be taken to stop or limit the logistics of the non-essential category.

Enable frequent and real-time customer communications

Making account managers constantly available to address customer conversations, especially in critical channels, is vital for companies in the CPG industry during the coronavirus crisis. Working with multi-functional teams to quickly resolve pain points and bottlenecks are essential to provide proactive and quick responses to the customers. CPG companies must also consider creating agreements with manufacturing teams to produce larger batches of specific SKUs in order to increase product availability. 

For more insights, get in touch with an industry expert.

Food and beverage companies

How the Global Food and Beverage Sector Will Change Post COVID-19: Lessons from China’s recovering F&B Industry

For several months China’s food and beverage companies bore the brunt of demand-supply adversities due to the COVID-19 crisis. The pandemic has also had a severe impact on the global supply chain, foodservice sector, commodity prices, and demand for essential and non-essential products, especially after some of the major cities in China went into complete lockdown. As China enters the recovery phase after months of battling the aftermath of the coronavirus outbreak, the food and beverage sector companies in China have started to resume operations. However, the food and beverage sector in the country is far from going back to the normalcy as it was before the crisis, much has changed in the consumer approach to the F&B sector. We’re seeing the activities across the value chain take a different direction. From the introduction of automated, contactless sales amidst the rising food safety concerns to safe online purchasing and offline food delivery involving ‘no touch’ technology, the industry seems to be dancing to a very different tune. As a result, food and beverage companies in China are rolling out new initiatives to meet the seismic shift in consumer purchasing behavior.  

In this article, food and beverage industry experts at Infiniti Research examine the changing consumer habits in China about what they eat and how food and beverage companies across the world will soon be faced with similar challenges.

food and beverage

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New Trends Global Food and Beverage Companies Can Expect

Provide easy-to-prep meal options

As food service companies shut shop during the COVD-19 outbreak, there has been an increased spike in the demand for canned foods in China over the past few months. However, due to the prolonged nature of the existing crisis, consumers are now seeking to explore more nutritious options apart from canned or frozen. A recent analysis by experts at Infiniti Research shows that consumers in China are gravitating towards in-home products as compared to canned or frozen foods. Food manufacturers can take this as an opportunity to explore new avenues of business and invest into introducing easy-to-prep meals to suit changing consumer demands.

Increasing concerns over product safety

Consumers are now highly aware of the importance of hygiene and food safety. Food and beverage manufacturers across the globe must consider technological advancements like blockchain to enhance visibility and transparency into their supply chain. As consumers begin to become more cautious about the safety of the food products that they consume, allowing ample visibility and transparency can help gain and retain consumer trust in the brand.

Increased popularity of online buying

A notable trend in China post the pandemic is that a greater number of the elderly population are resorting to online buying platforms than ever before. Known to be less tech-savvy, this group of the population needs to have an easy-to use interface and clear images and easy to read product descriptions in order to fuel the trend and increase the popularity of food delivery among this group of the population.

Want more insights on how the food and beverage sector will change in your region post the pandemic and how your business can stay prepared? Request a free proposal from our industry experts.

automotive manufacturing

How Automotive Manufacturers Can Bounce Back from the Repercussions of COVID-19

The economic shock resulting from the coronavirus outbreak could pose several challenges to automotive manufacturers, especially those in Asia as major industrialized economies like South Korea, Japan, and Italy are among the most affected regions due to the pandemic. Furthermore, as a majority of the global auto parts supply chain is connected to China, the production shortfalls and supply chain disruptions in China due to the aftermath of the COVID-19 outbreak could have a great impact on automotive manufactures across the globe.  For automotive manufacturers, surviving and emerging stronger at the far end of this crisis will require thinking beyond the next fiscal quarter.

Why the COVID-19 crisis could be extremely challenging for automotive manufacturers

The spread of Coronavirus will affect all sectors, but it could have some serious implications for the automotive industry that could exacerbate problems for players, these include:

  • Difficulty in anticipating potential disruptions as the automotive supply chain lacks transparency beyond their direct vendors
  • Complex global footprint of automotive companies could result in difficulty to develop a synchronized response
  • Automotive sales largely involve test drives and dealership visits by customers. As almost all countries around the globe have imposed lockdown, restrictions to commute, and isolation measures, it becomes nearly impossible to interact with customers and close sales deals.

Considerations for automotive manufacturers to reduce the impact of COVID-19

Ensuring employee protection

Automotive manufacturers must protect employees by making their health the paramount concern and adjusting production accordingly. Automotive companies must follow the most conservative guidelines available among leading global and local health authorities such as the WHO. Health support programs for infected employees and remote working facilities must also be put in place.

Safeguarding the supply chain

Automotive manufacturers can establish a supply chain risk assessment team to evaluate and understand the impact of COVID-19 on their business. Evaluate the key risks involved and create full supply chain transparency by using big data, intelligent systems, and connected ecosystems. This could play a pivotal role in communicating shortages or other supply chain challenges, enabling automotive players to prepare, adapt or adjust accordingly.

Managing manufacturing shutdowns

While the automotive manufacturing sector in China is gradually becoming more stabilized as the nation brings COVID-19 under control, the same is not the case with manufacturers in the US and Europe. There is uncertainty at large in these countries relating to when the automotive manufacturing plants can resume operations. At this juncture, companies in the automotive sector must keep close contact with their suppliers to ensure a quick ramp-up occurs when the market begins to recover. Production levels and schedules can also be adjusted accordingly. Measures must also be taken to ensure workers’ safety, cleanliness, and physical distancing among workers post COVID-19. Embracing industrial IoT concepts can also help manufacturers increase efficiency and prepare protocols for a similar crisis in the future.

Managing declining vehicle sales

The dropping sales in the automotive industry since January 2020 is a clear indicator of the adversity of COVID-19 on automotive sales. Recent US automotive sales forecast also hints at a sharp decline (approximately 10%) as customers are more likely to refrain from automobile purchases after the pandemic. One of the key strategies for automotive companies to manage this situation includes staying connected with customers via mobile and online channels. Rethinking their existing sales model to embracing digital channels and direct sales models is the way forward for companies in the automotive industry. Companies can also consider channeling their lead generation efforts to online car customization tools used by prospective buyers.  Canceled trade shows can also be re-organized through virtual event platforms. Several players in the automotive industry are also contemplating to establish a contactless sales process to meet the increasing health and hygiene requirements.

Automotive companies must develop a rapid response to address the ongoing market challenges due to COVID-19. Our industry experts are helping several companies across the globe achieve this, want more insights?

US healthcare system

US Healthcare System: Managing Supply Shortages and Demand Surges to Minimize the Coronavirus Impact

Over the past few weeks, the US has outpaced all the other countries to become a major hotspot for the COVID-19 pandemic. Amidst the rising pressure, the US healthcare system is also faced with the harsh reality of acute material shortages including ventilators, intensive care capacity, healthcare staff, masks, and even medicines to treat the infected. These healthcare supply shortages are largely hamstringing the heroic efforts of professionals in the US healthcare system to battle the pandemic. The US healthcare providers, now more than ever before, require the right supply chain management strategies to overcome supply shortages, optimize resources, and to ensure the agile expansion of capacity.

This article from healthcare industry experts at Infiniti Research highlights some operations management and supply chain best practices for providers in the US healthcare system that are grappling with the sudden demand surges and supply shortages of healthcare resources.

Addressing supply and demand gaps in the US healthcare system

Managing healthcare delivery system

As the US healthcare systems continue to run at almost full capacity, extreme supply and demand shocks can be expected. The need of the hour for healthcare providers in the US is to proactively manage how patients enter and proceed through various nodes of the healthcare delivery system. During the COVID-19 outbreak healthcare providers are struggling with system congestion due to the increase in the inflow of patients. To manage the rapidly increasing demand due to the novel coronavirus, several hospitals are postponing non-critical surgeries and diverting patients not requiring critical care from hospital settings to home care. However, healthcare providers must complement this strategy with the right technology and infrastructure to support this such as telemedicine and mobile care units. Furthermore, having adequate visibility into short-term future demand provides hospitals and other care sites the opportunity to plan patient flows more efficiently.

Managing supply shortages and bottlenecks

Managing resources while providing adequate care to patients is not an easy task especially in the case of a highly contagious virus like the COVID-19. But failing to do so could also prove to be fatal and result in a vicious cycle that the US healthcare system has already started witnessing. During the existing crisis, healthcare providers are not just facing shortages in testing equipment and staff, but there is also a significant scarcity of protective gear for healthcare workers. This leaves them highly vulnerable to the infection as the patient inflow to healthcare facilities increase. In countries like Spain and Italy, close to 15% of the COVID-19 patients consists of healthcare workers. A similar situation could make the existing healthcare staff shortage worse for the US healthcare system. Identifying the root cause of the supply bottlenecks and timely forecasting of probable bottlenecks in supply of testing and protective equipment can help avoid such adversities to a large extent.  Proactive and agile supply forecasting provides important visibility into the future state of the supply chain and enables organizations to effectively identify potential shortages well in advance. Pooling resources from other healthcare facilities in the country that have lower demand can also help stabilize the demand-supply gaps.

For detailed insights into how providers in the US healthcare system can better manage their resources and bridge supply-demand gaps with healthcare market intelligence, Request a free proposal.  

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