The Critical Role of Proactive FX Management in Medtech: Unlocking Growth Amidst Volatility
By addressing currency volatility head-on and leveraging innovative solutions, businesses can navigate uncertain economic conditions with confidence.
Category: Collaborate
Unlocking Cost Savings in FX: Why the Medtech Industry Stands Out for the Best FX Rates
The medtech industry’s unique attributes position it as a prime candidate for achieving cost savings in FX, but are often overlooked.
Understanding High Foreign Exchange Rates in Medtech
Rob Bast breaks down why banks charge high FX rates, shedding light on factors like industry dynamics, transaction size, and banking monopolies.
Understanding the Currency Exchange Challenges for Medtech Manufacturers and Distributors
Hear key insights from industry expert Robert Bast on the challenges medtech manufacturers and distributors face in managing currency exchange complexities.
Challenges and Concerns of Foreign Exchange Costs and Volatility: Survey Results
Dive into the survey results exposing the challenges faced by medtech distributors and manufacturers—rising costs, volatile foreign exchange, and working capital constraints.
Medtech Partnership Management Pitfall #1 Partner Selection: Always have a process!
Partner selection is a critical decision for medtech manufacturers. The consequences of choosing the wrong distributor can be severe.
Invest in the partner selection process today to secure long-term success and stay ahead of the competition in the dynamic medtech landscape.
Building the 24/7 relationship
Business reviews only bring medical device manufacturers and distributors together semi-regularly. Between these meetings, communication is often inconsistent. But effective collaboration is all about communication and information-sharing. What if there was a platform where both manufacturer and distributor could access all the information they need at any given time and on their time?
You know you’re not in a collaborative relationship when…
myCaribou Co-Founder, Scott Newton has assessed several manufacturer channel strategies that weren’t meeting expectations. The reason? The relationship evolved to one of transaction, not collaboration. How do you know if your partnership is simply transactional and not truly collaborative? Here are three symptoms to watch for.