“Past Performance is No Guarantee of Future Results, “goes the disclaimer; but it is a good practice to look back and evaluate past performance for accuracy.
At the beginning of the year, we issued our “Life-Science Global Trends Forecast” where we identified the following as key areas impacting the industry in 2013:
- Regulatory Environment → Tougher global regulatory environment
- Emerging Markets → Growth in emerging markets
- Brand & IP Protection → Protecting brand equity and intellectual property
- Supply Chain → Need for supply chain resilience
- Smart-Sourcing → Focus on value instead of cost
Looking back at 2013, I think few would disagree that our forecast was On-Target.