With a current world population of more than seven billion, and expectations that number will exceed eight billion by 2030, the global healthcare industry is growing exponentially. But to achieve its potential, providers across the industry—from R&D and manufacturing to the caregivers themselves—must go “borderless.” This interconnected view of the industry’s future was the focus of the FedEx Corp. (NYSE: FDX) healthcare industry summit, held in New York City this week.
FedEx hosted its largest healthcare summit this week in New York City. (Photo: Business Wire)
The conference featured presentations and discussions with FedEx leaders and external experts on the changing dynamics of the healthcare industry and the solutions it needs to grow for the future. “As research and manufacturing increase around the world, there’s a corollary demand for global healthcare services and solutions. FedEx offers the connectivity the healthcare industry needs to harness the power of that growth,” said Frederick W. Smith, chairman, president and CEO of FedEx Corp. While the United States currently accounts for healthcare growth, demand from developing markets like China and India will rise in line with their economies, making the healthcare sector’s ability to access and connect with these markets an imperative. “As countries develop and populations expand, the market for our customers’ healthcare products and services grows right alongside,” said Richard W. Smith, director of Life Sciences and Specialty Services, FedEx Express. “We know that the right mix of efficient supply chain solutions will be a critical underpinning to this growth for years to come. That’s why FedEx has dedicated time, money and man-power to build out a portfolio of products and services specially designed to fit the needs of our healthcare customers. From innovations in cold chain technology to increasing the speed and reach of our temperature-controlled shipping capabilities, FedEx is a leader in transporting critical healthcare inventory around the world.”