Dollar, money

J&J Restructure: Will Cost Cuts Affect Suppliers?

By MedTech Intelligence Staff
Dollar, money

The company just announced that it is restructuring its global supply chain.

This morning Bloomberg is reporting that Johnson & Johnson has raised its sales forecast, but with it comes a restructuring of its global supply chain. The plan could generate up to $800 million in annual pretax savings by 2022, and the restructure could affect J&J’s suppliers, according to Bloomberg.

Seeking Alpha reports that several suppliers have exposure to this plan, including Universal Biosensors, Stereotaxis, Stratasys, Tokyo Automatic Machinery, Samsung Biologics and Charles River Labs.

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