Scaling MedTech Opportunities through Strategic Partnerships in Singapore

 

Singapore Supply Chain Connect (SCC) is an exclusive by-invite only event held on 3 to 4 October, 2024, gathering industry leaders and professionals to explore latest developments and initiatives shaping the future of supply chain and logistics.

Enterprise Singapore had the privilege of facilitating the MedTech Supply Chain Panel at the Singapore Economic Development Board (EDB)’s Supply Chain Connect 2024 event.
The panel session was a deep dive into how multinational corporations could leverage Singapore as a strategic hub for MedTech supply chains.

Key insights from the panel included:

Strategic Role of Singapore: Singapore’s regulatory advantages and shorter cycle times accelerate market access across ASEAN. Companies like Biotronik and Johnson & Johnson are utilising these benefits to enhance their operations.

Collaborative Success: Successful partnerships between MNCs and local enterprises were highlighted, emphasising the importance of shared expertise and capabilities. Local companies are encouraged to prepare themselves to add value to these collaborations.

Innovation and Technology: The demand for robotics, precision guidance, and digital health solutions is growing. Companies are focusing on reducing surgical time and improving patient outcomes through advanced technologies.

Supply Chain Evolution: The panel discussed the need for responsiveness and technical capabilities in partners. Emphasis was placed on the importance of quality, regulatory knowledge, and operational excellence.

Future Directions: As MedTech needs evolve, Singapore remains a preferred choice for Regional Distribution Centers (RDCs). The focus is on maximising value and leveraging IT capabilities.

We were honored to have gleaned key insights from industry leaders such as Peter Horan BIOTRONI, Sanjay Kurup Johnson & Johnson, Thibaud Sournia MLS Logistics, and our expert moderator Abhay Bangi EY.

We encourage all sectors to explore strategic partnerships with local enterprises to create a more integrated and resilient supply chain ecosystem. Together, we can drive innovation and growth in the MedTech industry.

MLS Logistic Services Pte Ltd