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A Fast-Paced Industry is Picking Up Speed

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Trend Brief A Fast-Paced Industry is Picking Up Speed 2021 Trends in Contract Manufacturing Let's just say what we're all thinking: 2020 was rough. It threw every element of our lives into disarray. We suddenly had to become experts at navigating a new way of working, schooling and socializing. It was disruptive and it was challenging, but it was also transformative. And while the past 12 months might have felt like 12 years, it's time to look forward to what the future holds. If 2020 was the year of disruption, 2021 will be the year of mastering change. For contract manufacturers (CMOs) and contract development and manufacturing organizations (CDMOs), mastering change means meeting demand at a rate even faster than before, and digitization is essential to success. Large pharmaceutical companies developing vaccines for COVID-19 have and will continue to rely heavily on CMOs to manufacture the billions of doses needed for people throughout world. This expectation is in addition to the sizeable role of CMOs prior to the pandemic. Advancements in personalized medicine and the ability for CMOs to navigate complex supply chains are factors that contribute to a surge in business every single year. In other words, an industry that was already traveling 90 mph just hit the accelerator.

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