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Surging sales, more transparency pressure driving contract manufacturing transformation
©Getty Images - Starkovphoto Rising demand in the contract manufacturing realm is driving both consolidation and pressure to make more transparent this sometimes closed section of the dietary supplement industry, observers say.
Contract manufacturers report that business is humming at a higher pace than ever. One major firm has said that it is getting so many more inquiries for new business that it is hard to even respond, much less schedule meetings to see if new contracts can be signed.
Demand is soaring, but can you trust it?
“Solicitations are way up,” Mike Finamore, CEO of Gemini Pharmaceuticals told
Surging sales, more transparency pressure driving contract manufacturing transformation
©Getty Images - Starkovphoto Rising demand in the contract manufacturing realm is driving both consolidation and pressure to make more transparent this sometimes closed section of the dietary supplement industry, observers say.
Contract manufacturers report that business is humming at a higher pace than ever. One major firm has said that it is getting so many more inquiries for new business that it is hard to even respond, much less schedule meetings to see if new contracts can be signed.
Demand is soaring, but can you trust it?
“Solicitations are way up,” Mike Finamore, CEO of Gemini Pharmaceuticals told
When it comes to making supplements and functional products, contract manufacturers do some heavy lifting, helping brands from sourcing and development to packaging and labeling. With so many clients depending on such partnerships to keep retail inventory stable during the pandemic-laced year that was 2020, contract manufacturers were under intense pressure to shore up sourcing and production. Through all this, they still had to keep an eye on the future to stay competitive in a world driven by innovation and progress.
Natural Products Insider talked to several contract manufacturers about how they adapted to the challenges brought on by the COVID pandemic and how they continued to invest in the future. Included in this discussion were:
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